Finance and Insurance in Florida

Finance and Insurance (NAICS 52) in Florida reports 472,606 workers across 36,230 establishments, with $49.9B of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 6.8% of national employment for this industry — a concentration ratio that tells you whether Florida is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale.

Wage benchmarking is where state-level data earns its keep. The average annual compensation for Finance and Insurance employees in Florida is $105,574/yr, versus a national average of $125,425/yr. Florida pays below the national average for this industry — common in lower cost-of-living states or where the industry has a smaller, less specialized local workforce.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Finance and Insurance is 20.1%, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size — both shown above. For a complete picture, pair this state-industry view with the Finance and Insurance national page (entity structure, SBA lending, sub-industries) and the Florida overview (top employers, payroll dispersion across industries).