Palavir · State of US Industries, 2026 Edition
State of Finance and Insurance in Massachusetts, 2026 Edition
NAICS 52
May 28, 2026
1. Market sizing (2022)
Establishments
9,595
Employees
187,453
Annual payroll
$33.01B
2. National context
Massachusetts accounts for 2.00% of the 480,546 US establishments in this sector and ranks 19th out of 51 reporting states.
3. Workforce wages
MA avg annual wage
$176,074
US avg annual wage
$123,705
Massachusetts sector wages are +42.3% versus the national average for NAICS 52.
4. Federal exclusion overlay (state-wide)
OIG LEIE individuals + entities
1,711
SAM debarred/excluded
2,571
Exclusion counts are state-wide across all NAICS, not specific to Finance and Insurance. Sourced from OIG LEIE and SAM exclusion lists, as of 2026-05-27.
5. Top 3 counties by establishment count
| Rank | County | Establishments | Employees |
|---|---|---|---|
| #1 | Middlesex County | 2,071 | 25,074 |
| #2 | Suffolk County | 1,839 | 71,081 |
| #3 | Norfolk County | 1,213 | 29,694 |
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