Data / Rankings / Employer establishments: finance and insurance / US states

US states by employer establishments: finance and insurance, 2023

California had the highest employer establishments: finance and insurance of 51 states in 2023, at 49,165. Alaska had the lowest, at 782. The median was 6,652 and the figure for the United States was 469,382. Source: the U.S. Census Bureau.

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Highest49,165California
Lowest782Alaska
Median6,65251 states
United States469,382History

Map of states, 2023

Alabama: 7,195 countAlaska: 782 countArizona: 10,000 countArkansas: 4,527 countCalifornia: 49,165 countColorado: 10,673 countConnecticut: 5,629 countDelaware: 1,999 countDistrict of Columbia: 1,079 countFlorida: 36,230 countGeorgia: 15,226 countHawaii: 1,533 countIdaho: 3,162 countIllinois: 19,310 countIndiana: 9,390 countIowa: 5,833 countKansas: 5,888 countKentucky: 6,269 countLouisiana: 7,328 countMaine: 1,897 countMaryland: 7,054 countMassachusetts: 9,268 countMichigan: 12,501 countMinnesota: 9,687 countMississippi: 4,519 countMissouri: 10,384 countMontana: 2,057 countNebraska: 4,249 countNevada: 4,600 countNew Hampshire: 1,966 countNew Jersey: 11,075 countNew Mexico: 2,441 countNew York: 24,380 countNorth Carolina: 13,591 countNorth Dakota: 1,833 countOhio: 15,004 countOklahoma: 6,652 countOregon: 5,783 countPennsylvania: 16,829 countRhode Island: 1,516 countSouth Carolina: 7,645 countSouth Dakota: 2,044 countTennessee: 9,913 countTexas: 42,205 countUtah: 5,717 countVermont: 941 countVirginia: 10,642 countWashington: 9,829 countWest Virginia: 1,999 countWisconsin: 8,673 countWyoming: 1,270 count
  • Under 2,000
  • 2,000 to 4,500
  • 4,500 to 6,700
  • 6,700 to 9,700
  • 9,700 to 13K
  • 13K and over
count, 2023. Source: U.S. Census Bureau, County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. Boundaries: U.S. Census Bureau cartographic boundary files.

All states, 2023

California: 49,165 countCalifornia49,165Texas: 42,205 countTexas42,205Florida: 36,230 countFlorida36,230New York: 24,380 countNew York24,380Illinois: 19,310 countIllinois19,310Pennsylvania: 16,829 countPennsylvania16,829Georgia: 15,226 countGeorgia15,226Ohio: 15,004 countOhio15,004North Carolina: 13,591 countNorth Carolina13,591Michigan: 12,501 countMichigan12,501New Jersey: 11,075 countNew Jersey11,075Colorado: 10,673 countColorado10,673Virginia: 10,642 countVirginia10,642Missouri: 10,384 countMissouri10,384Arizona: 10,000 countArizona10,000Tennessee: 9,913 countTennessee9,913Washington: 9,829 countWashington9,829Minnesota: 9,687 countMinnesota9,687Indiana: 9,390 countIndiana9,390Massachusetts: 9,268 countMassachusetts9,268Wisconsin: 8,673 countWisconsin8,673South Carolina: 7,645 countSouth Carolina7,645Louisiana: 7,328 countLouisiana7,328Alabama: 7,195 countAlabama7,195Maryland: 7,054 countMaryland7,054Oklahoma: 6,652 countOklahoma6,652Kentucky: 6,269 countKentucky6,269Kansas: 5,888 countKansas5,888Iowa: 5,833 countIowa5,833Oregon: 5,783 countOregon5,783Utah: 5,717 countUtah5,717Connecticut: 5,629 countConnecticut5,629Nevada: 4,600 countNevada4,600Arkansas: 4,527 countArkansas4,527Mississippi: 4,519 countMississippi4,519Nebraska: 4,249 countNebraska4,249Idaho: 3,162 countIdaho3,162New Mexico: 2,441 countNew Mexico2,441Montana: 2,057 countMontana2,057South Dakota: 2,044 countSouth Dakota2,044Delaware: 1,999 countDelaware1,999West Virginia: 1,999 countWest Virginia1,999New Hampshire: 1,966 countNew Hampshire1,966Maine: 1,897 countMaine1,897North Dakota: 1,833 countNorth Dakota1,833Hawaii: 1,533 countHawaii1,533Rhode Island: 1,516 countRhode Island1,516Wyoming: 1,270 countWyoming1,270District of Columbia: 1,079 countDistrict of Columbia1,079Vermont: 941 countVermont941Alaska: 782 countAlaska782California: 49,165 countCalifornia49,165Texas: 42,205 countTexas42,205Florida: 36,230 countFlorida36,230New York: 24,380 countNew York24,380Illinois: 19,310 countIllinois19,310Pennsylvania: 16,829 countPennsylvania16,829Georgia: 15,226 countGeorgia15,226Ohio: 15,004 countOhio15,004North Carolina: 13,591 countNorth Carolina13,591Michigan: 12,501 countMichigan12,501New Jersey: 11,075 countNew Jersey11,075Colorado: 10,673 countColorado10,673Virginia: 10,642 countVirginia10,642Missouri: 10,384 countMissouri10,384Arizona: 10,000 countArizona10,000Tennessee: 9,913 countTennessee9,913Washington: 9,829 countWashington9,829Minnesota: 9,687 countMinnesota9,687Indiana: 9,390 countIndiana9,390Massachusetts: 9,268 countMassachusetts9,268Wisconsin: 8,673 countWisconsin8,673South Carolina: 7,645 countSouth Carolina7,645Louisiana: 7,328 countLouisiana7,328Alabama: 7,195 countAlabama7,195Maryland: 7,054 countMaryland7,054Oklahoma: 6,652 countOklahoma6,652Kentucky: 6,269 countKentucky6,269Kansas: 5,888 countKansas5,888Iowa: 5,833 countIowa5,833Oregon: 5,783 countOregon5,783Utah: 5,717 countUtah5,717Connecticut: 5,629 countConnecticut5,629Nevada: 4,600 countNevada4,600Arkansas: 4,527 countArkansas4,527Mississippi: 4,519 countMississippi4,519Nebraska: 4,249 countNebraska4,249Idaho: 3,162 countIdaho3,162New Mexico: 2,441 countNew Mexico2,441Montana: 2,057 countMontana2,057South Dakota: 2,044 countSouth Dakota2,044Delaware: 1,999 countDelaware1,999West Virginia: 1,999 countWest Virginia1,999New Hampshire: 1,966 countNew Hampshire1,966Maine: 1,897 countMaine1,897North Dakota: 1,833 countNorth Dakota1,833Hawaii: 1,533 countHawaii1,533Rhode Island: 1,516 countRhode Island1,516Wyoming: 1,270 countWyoming1,270District of Columbia: 1,079 countDistrict of Columbia1,079Vermont: 941 countVermont941Alaska: 782 countAlaska782
count. Source: U.S. Census Bureau, County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. Retrieved 2026-10-12.

Full ranking

RankStates2023
count		Change on 2022
1California49,165-3.8%
2Texas42,205-1.4%
3Florida36,230-0%
4New York24,380-2.9%
5Illinois19,310-2%
6Pennsylvania16,829-4.7%
7Georgia15,226-1.3%
8Ohio15,004-2.2%
9North Carolina13,591-2.2%
10Michigan12,501-1.1%
11New Jersey11,075-3%
12Colorado10,673-2.3%
13Virginia10,642-3%
14Missouri10,384-2.9%
15Arizona10,000-1.8%
16Tennessee9,913-2.3%
17Washington9,829-2.7%
18Minnesota9,687-2.6%
19Indiana9,390-1.1%
20Massachusetts9,268-3.4%
21Wisconsin8,673-1.7%
22South Carolina7,645-1.8%
23Louisiana7,328-0.7%
24Alabama7,195-2.5%
25Maryland7,054-4.5%
26Oklahoma6,652-2%
27Kentucky6,269-1%
28Kansas5,888-1.3%
29Iowa5,833-2.9%
30Oregon5,783-3.1%
31Utah5,717+0.2%
32Connecticut5,629-3.5%
33Nevada4,600-2.8%
34Arkansas4,527-1.3%
35Mississippi4,519-3.9%
36Nebraska4,249-1.7%
37Idaho3,162-2.2%
38New Mexico2,441-7.6%
39Montana2,057-2.6%
40South Dakota2,044-2.2%
41Delaware1,999-4.1%
41West Virginia1,999-2.1%
43New Hampshire1,966-5.8%
44Maine1,897-5.5%
45North Dakota1,833-0.2%
46Hawaii1,533-3.5%
47Rhode Island1,516-3.3%
48Wyoming1,270+0.8%
49District of Columbia1,079-5.3%
50Vermont941-2.3%
51Alaska782-3%

Other periods

About this ranking

Number of establishments with paid employees in finance and insurance (NAICS 52), from the U.S. Census Bureau County Business Patterns. Excludes pension, health and welfare funds and trusts, estates and agency accounts (NAICS 525110, 525120, 525190 and 525920).

County Business Patterns: establishments (single physical locations, not firms) with paid employees during the pay period including 12 March. Excludes the self-employed and businesses without employees (nonemployer_establishments_*), government employers, crop and animal production, rail transportation, the Postal Service and private households. Establishment counts are not perturbed; the noise Census adds since 2017 applies to employment and payroll, which are not served here. Published about 18 months after the reference year.

Every value in the ranking comes from the same publisher and the same period, so the states are compared on one definition. Equal values share a rank.

How to cite

U.S. Census Bureau. County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. https://www2.census.gov/programs-surveys/cbp/datasets/2023/. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Census Bureau. (2025). County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms (US states by employer establishments: finance and insurance, 2023) [Data set]. Retrieved October 12, 2026, from https://www2.census.gov/programs-surveys/cbp/datasets/2023/

MLA 9

County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms, US states by employer establishments: finance and insurance, 2023. U.S. Census Bureau, 26 June 2025, https://www2.census.gov/programs-surveys/cbp/datasets/2023/. Invokely, https://invokely.ai/rankings/employer-establishments-finance-insurance/us-states. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Census Bureau. 2025. County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. US states by employer establishments: finance and insurance, 2023. Dataset. Accessed October 12, 2026. https://www2.census.gov/programs-surveys/cbp/datasets/2023/. Also distributed by Invokely, https://invokely.ai/rankings/employer-establishments-finance-insurance/us-states.

Harvard

U.S. Census Bureau (2025) County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms, US states by employer establishments: finance and insurance, 2023 [Dataset]. Available at: https://www2.census.gov/programs-surveys/cbp/datasets/2023/, via Invokely: https://invokely.ai/rankings/employer-establishments-finance-insurance/us-states (Accessed: 12 October 2026).

BibTeX
@misc{census_us_states_by_employer_2023,
  author = {{U.S. Census Bureau}},
  title = {{County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms: US states by employer establishments: finance and insurance, 2023}},
  year = {2025},
  howpublished = {Data set},
  url = {https://www2.census.gov/programs-surveys/cbp/datasets/2023/},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/employer-establishments-finance-insurance/us-states. Publisher attribution: U.S. Census Bureau. County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. https://www2.census.gov/programs-surveys/cbp/datasets/2023/. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - U.S. Census Bureau
TI  - County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms: US states by employer establishments: finance and insurance, 2023
PY  - 2025
DA  - 2025/06/26
PB  - U.S. Census Bureau
DB  - Invokely
UR  - https://www2.census.gov/programs-surveys/cbp/datasets/2023/
L2  - https://invokely.ai/rankings/employer-establishments-finance-insurance/us-states
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/employer-establishments-finance-insurance/us-states.
N1  - Publisher attribution: U.S. Census Bureau. County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. https://www2.census.gov/programs-surveys/cbp/datasets/2023/. Retrieved 2026-10-12.
ER  -
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Questions

Which state has the highest employer establishments: finance and insurance?

California, with 49,165 in 2023, according to the U.S. Census Bureau.

Which state has the lowest employer establishments: finance and insurance?

Alaska, with 782 in 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: U.S. Census Bureau, County Business Patterns, state and US files: establishments (EST), finance and insurance (NAICS 52), all legal forms. Retrieved 2026-10-12.

US states: more rankings