Palavir · State of US Industries, 2026 Edition
State of Finance and Insurance in Minnesota, 2026 Edition
NAICS 52
May 28, 2026
1. Market sizing (2022)
Establishments
9,947
Employees
164,572
Annual payroll
$19.00B
2. National context
Minnesota accounts for 2.07% of the 480,546 US establishments in this sector and ranks 18th out of 51 reporting states.
3. Workforce wages
MN avg annual wage
$115,434
US avg annual wage
$123,705
Minnesota sector wages are -6.7% versus the national average for NAICS 52.
4. Federal exclusion overlay (state-wide)
OIG LEIE individuals + entities
1,394
SAM debarred/excluded
1,897
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 | Hennepin County | 3,140 | 80,792 |
| #2 | Ramsey County | 728 | 18,316 |
| #3 | Dakota County | 702 | 12,523 |
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