NAICS 52

Finance and Insurance in Cheyenne, WY

Metro Market Score 70.1 (Difficult), ranked #297 of 331 metros. 275 establishments, 1,579 jobs.

Metro Market Score 70.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national finance and insurance average.

Cheyenne's finance and insurance sector saw employment decline over the past year (growth trend: 5.1). That contraction, combined with a 70.1 market score, puts this metro in the bottom quartile for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

74.3

LQ: 0.81

Rank #246 of 331 metros

Wage Competitiveness

46.5

$87,520 avg wage

Growth Trend

↓ 5.1

Employment growth index

Rank #315 of 331 metros

Wage Pressure

57.3

YoY wage change index

275 Finance and Insurance Firms in Cheyenne

275

Establishments

-0.7% YoY

1,579

Total Employment

-9.9% YoY

$87,520

Average Annual Wage

+10.6% YoY

0.81

Location Quotient

Below national avg

Within Wyoming

#2 of 2

finance and insurance metros in state

Wyoming state rank

#47 of 51

for finance and insurance entry risk

vs State Median

0.0

matches median (70.1)

Cheyenne vs Wyoming Statewide

How this metro's finance and insurance market compares to Wyoming overall. The state ranks #47/51 for entry risk.

Measure	Cheyenne	WY Statewide
Overall Score	70.1 Difficult	62.0 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#297 of 331 metros	#47 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Cheyenne

Healthcare and Social Assistance 27.6 Administrative and Support Services 32.8 Real Estate and Rental and Leasing 38.6 Construction 43.5 Professional, Scientific, and Technical Services 44.3 Other Services 51.8 Retail Trade 57.1 Accommodation and Food Services 60.3 Information 68.2

Finance and Insurance in Other Wyoming Metros

Casper 46.6 #152/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Cheyenne's 70.1 score. Useful when comparing markets with comparable entry profiles.

Naples-Marco Island, FL 70.1 #296/331 Charleston-North Charleston, SC 70.0 #295/331 Kalamazoo-Portage, MI 70.0 #294/331 Green Bay, WI 70.5 #298/331 Washington-Arlington-Alexandria, DC 69.7 #293/331 Portland-Vancouver-Hillsboro, OR 69.7 #292/331 Pittsfield, MA 70.7 #299/331 Sacramento-Roseville-Folsom, CA 70.8 #300/331 Rochester, NY 69.3 #291/331 Provo-Orem-Lehi, UT 69.3 #290/331

Finance and Insurance in States Bordering Wyoming

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

Nebraska 49.4 #20/51 South Dakota 50.1 #24/51 Utah 51.9 #27/51 Idaho 56.2 #39/51 Montana 59.0 #45/51 Colorado 67.3 #50/51

Browse Finance and Insurance in Other States

State-level entry risk reports for finance and insurance across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Cheyenne's finance and insurance sector, the employment growth component (94.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Cheyenne, WY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment