Palavir · State of US Industries, 2026 Edition
State of Finance and Insurance in Michigan, 2026 Edition
NAICS 52
May 28, 2026
1. Market sizing (2022)
Establishments
12,637
Employees
178,937
Annual payroll
$15.90B
2. National context
Michigan accounts for 2.63% of the 480,546 US establishments in this sector and ranks 10th out of 51 reporting states.
3. Workforce wages
MI avg annual wage
$88,850
US avg annual wage
$123,705
Michigan sector wages are -28.2% versus the national average for NAICS 52.
4. Federal exclusion overlay (state-wide)
OIG LEIE individuals + entities
1,559
SAM debarred/excluded
2,809
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 | Oakland County | 2,559 | 51,574 |
| #2 | Wayne County | 1,379 | 39,116 |
| #3 | Kent County | 1,181 | 15,713 |
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