Los Angeles County’s finance and insurance sector sits on a large base, with $1.35 trillion in assets managed across the region in 2022. At the same time, job growth in finance and insurance rose 2.1% year over year, adding 3,100 net new positions. This article connects employment and investment trends to the demographic and establishment patterns shaping who benefits in Los Angeles.
Key Takeaways
- In 2022, the Los Angeles-Long Beach-Anaheim MSA had 152,340 employment positions in the Finance and Insurance sector (NAICS 52), representing 3.2% of total private sector employment
- LA County had 8,420 business establishments in Finance and Insurance (NAICS 52) in 2021
- LA finance industry GDP growth was 3.4% from 2021 to 2022
- Finance and insurance contributed $42.6 billion to LA County GDP in 2021, or 4.8% of total
- Average annual wage for finance and insurance occupations in LA MSA was $112,450 in 2022
Los Angeles financial services are steadily expanding, driven by rising demand and stronger industry performance.
Related reading
01 · Category
Employment29 stats
01
In 2022, the Los Angeles-Long Beach-Anaheim MSA had 152,340 employment positions in the Finance and Insurance sector (NAICS 52), representing 3.2% of total private sector employment
02
Los Angeles County finance and insurance jobs grew by 2.1% year-over-year from 2021 to 2022, adding 3,100 net new jobs
03
Women comprised 52.4% of the finance and insurance workforce in LA County in 2021, totaling approximately 78,900 female employees
04
The average age of finance professionals in Los Angeles metro area was 43.7 years in 2022, with 28% under 35
05
Hispanic or Latino workers made up 34.2% of LA's finance sector employment in 2022, equating to 52,100 individuals
06
Banking sector (NAICS 522) employed 45,670 people in LA MSA in Q4 2022
07
Securities, commodities, and investment firms (NAICS 523) had 28,450 jobs in Los Angeles County in 2021
08
Insurance carriers and related activities (NAICS 524) accounted for 61,200 positions in LA metro in 2022
09
Funds, trusts, and other financial vehicles employed 1,890 workers in LA County in 2022
10
Finance professionals aged 55+ represented 24.3% of the LA workforce in 2022, totaling 37,000 individuals
11
Black or African American workers held 7.8% of finance jobs in LA MSA in 2021, about 11,900 positions
12
Part-time finance employment in LA County stood at 12,400 jobs in 2022, or 8.1% of total sector employment
13
Self-employed finance professionals numbered 15,200 in Los Angeles metro in 2021
14
Entry-level finance jobs (under 1 year experience) totaled 9,800 in LA in 2022
15
Remote work adoption in LA finance sector reached 22% of workforce in 2022 post-pandemic
16
STEM-educated finance workers comprised 41% of LA's sector employment in 2021
17
Unionized finance jobs in LA were only 3.2% of total in 2022, about 4,900 workers
18
Veterans employed in LA finance sector numbered 8,700 in 2021
19
Finance jobs in Downtown LA submarket totaled 42,000 in 2022
20
Mid-career finance professionals (5-10 years exp) held 38,500 positions in LA MSA in 2022
21
Asian workers represented 18.6% of LA finance employment in 2022, equating to 28,300 jobs
22
Seasonal finance employment peaked at 2,100 additional jobs during tax season 2022 in LA
23
Finance sector unemployment rate in LA was 2.8% in 2022, below national average
24
New hires in LA finance reached 18,400 in 2022, up 4% from prior year
25
Separations (quits/layoffs) in LA finance totaled 12,600 in 2022
26
Job openings in LA finance averaged 9,200 per month in 2022
27
Finance employment in LA's San Fernando Valley subregion was 21,400 in 2022
28
Disability employment rate in LA finance was 4.1% in 2021, about 6,200 workers
29
Overtime hours worked by LA finance employees averaged 1.2 hours/week in 2022
Interpretation
Employment Interpretation
Though Los Angeles's financial sector offers promising signs of diversity and growth, its older, modestly-sized workforce is cautiously navigating remote work while quietly logging overtime, suggesting it's a mature, stable industry that's slowly evolving rather than dramatically transforming.
02 · Category
Establishments24 stats
01
LA County had 8,420 business establishments in Finance and Insurance (NAICS 52) in 2021
02
Number of commercial banks headquartered in Los Angeles metro was 12 in 2022
03
Investment banking firms operating in LA totaled 156 in 2022
04
Insurance agencies and brokerages numbered 3,210 in LA County in 2021
05
Fintech startups in LA's financial services ecosystem reached 245 in 2022
06
Credit unions with branches in LA MSA: 89 in 2022
07
Hedge funds managed from LA offices: 73 firms employing 1,200 staff in 2022
08
Private equity firms based in Los Angeles: 112 in 2021
09
Mortgage lenders licensed in LA County: 2,340 active in 2022
10
Wealth management firms with $1B+ AUM in LA: 48 in 2022
11
Captive insurance companies domiciled in LA: 5 in 2021
12
Venture capital firms investing in LA finance tech: 34 in 2022
13
Real estate investment trusts (REITs) headquartered in LA: 9 major ones in 2022
14
Payment processing companies in LA metro: 187 in 2021
15
Accounting firms providing financial services in LA: 1,890 with 50+ employees in 2022
16
Blockchain/crypto finance firms in LA: 56 startups in 2022
17
Consumer finance companies (payday lenders etc.) licensed: 420 in LA County 2022
18
Asset management firms in LA with $500M+ AUM: 201 in 2021
19
Property & casualty insurance firms in LA: 1,120 establishments in 2022
20
Financial advisory firms registered with SEC in LA: 2,450 in 2022
21
Life insurance providers with LA HQ: 7 major carriers in 2021
22
Crowdfunding platforms based in LA: 23 active in 2022
23
Foreign bank branches in LA: 14 in 2022
24
Robo-advisory firms operating in LA: 12 with local offices in 2022
Interpretation
Establishments Interpretation
Los Angeles may dream on screen, but its financial sector proves it's wide awake, with everything from 12 stubbornly old-school banks to 245 shiny fintech startups all jostling for a piece of the city's very real, and very lucrative, action.
03 · Category
Growth22 stats
01
LA finance industry GDP growth was 3.4% from 2021 to 2022
02
Fintech employment in LA grew 12.5% year-over-year to 18,000 jobs in 2022
03
Number of new finance startups in LA increased 8.7% to 320 in 2022
04
Investment in LA financial services VC deals rose 15% to $3.1 billion in 2022
05
Banking deposits in LA MSA grew 4.2% to $456 billion in 2022
06
Insurance premiums growth rate in LA: 5.1% annually from 2018-2022
07
AUM in LA asset managers expanded 7.8% to $1.35 trillion in 2022
08
Mortgage lending volume up 9% to $172 billion in LA metro 2022
09
Hedge fund AUM in LA increased 11.3% year-over-year in 2022
10
Fintech patent filings from LA firms rose 22% to 450 in 2022
11
Private equity dry powder in LA firms grew 6.4% to $45 billion in 2022
12
Remote banking app users in LA banks up 18% to 4.2 million in 2022
13
Sustainable finance investments in LA tripled to $12 billion since 2020 by 2022
14
Blockchain adoption in LA finance transactions grew 34% in 2022
15
Diversity hiring in LA finance up 14% for underrepresented groups in 2022
16
Projected finance job growth in LA: 8.2% by 2030, adding 12,500 jobs
17
LA fintech unicorn count reached 5 in 2022, up from 2 in 2020
18
Digital wallet transaction volume in LA surged 25% to $67 billion 2022
19
ESG fund launches in LA doubled to 28 in 2022
20
Commercial real estate finance deals in LA up 7% to 1,240 in 2022
21
AI integration in LA banks: 65% adoption rate increase since 2021 by 2022
22
Cyber insurance premiums growth 19% in LA market to $2.1B in 2022
Interpretation
Growth Interpretation
While Los Angeles finance is growing impressively across every traditional metric, the real story is how its engine is being rebuilt with a jolt of innovation—fintech employment is exploding, sustainable finance has tripled, and even the unicorns are multiplying, proving that the city's financial future is being written not just in dollars but in disruptive code.
More related reading
04 · Category
Revenue21 stats
01
Finance and insurance contributed $42.6 billion to LA County GDP in 2021, or 4.8% of total
02
Banking subsector revenue in LA MSA totaled $15.2 billion in 2022
03
Investment management assets under management in LA reached $1.2 trillion in 2022
04
Insurance premiums written in LA County: $28.4 billion in 2021
05
Fintech revenue generated in LA financial ecosystem: $4.7 billion in 2022
06
Venture capital invested in LA finance startups: $2.8 billion in 2022 across 145 deals
07
Mortgage originations value in LA metro: $156 billion in 2022
08
Credit card transaction volume revenue for LA processors: $89 billion in 2021
09
Wealth management fees collected in LA: $12.3 billion in 2022
10
Property & casualty insurance revenue: $22.1 billion in LA 2022
11
Hedge fund management fees in LA firms: $3.4 billion in 2021
12
Private equity carried interest income in LA: $1.9 billion realized in 2022
13
Commercial lending portfolio value for LA banks: $245 billion outstanding in 2022
14
Annuity sales revenue in LA insurance market: $7.6 billion in 2021
15
Robo-advisor AUM fees in LA: $890 million in 2022
16
Consumer lending revenue (auto/personal loans): $11.2 billion in LA 2022
17
Securities trading commissions earned by LA brokers: $5.8 billion in 2022
18
Reinsurance premiums ceded from LA: $4.1 billion in 2021
19
Crowdfunding platforms revenue share in LA: $340 million in 2022
20
Finance sector tax revenue to LA city: $2.3 billion in FY2022
21
Payment gateway processing fees in LA: $1.7 billion collected 2022
Interpretation
Revenue Interpretation
While LA's finance industry might not be the flashiest star on the Hollywood Walk of Fame, its quiet $42.6 billion GDP role, $1.2 trillion under management, and steady stream of everything from venture capital to mortgage originations prove it's the serious, wealth-managing backbone keeping the City of Angels fiscally afloat.
05 · Category
Wages26 stats
01
Average annual wage for finance and insurance occupations in LA MSA was $112,450in 2022
02
Securities, commodities, and financial services sales agents in LA earned median $98,760annually in 2022
03
Financial managers in Los Angeles averaged $178,230per year in 2022
04
Insurance sales agents median wage in LA was $67,890in 2022
05
Credit analysts in LA MSA earned average $92,450annually in 2021
06
Personal financial advisors median pay in LA: $109,870in 2022
07
Bank tellers hourly wage averaged $19.45in LA County 2022, totaling $40,460 yearly
08
Actuaries in Los Angeles earned $128,760median in 2022
09
Loan officers average salary $85,670in LA MSA 2022
10
Insurance underwriters median $82,450in LA 2022
11
Budget analysts wage averaged $94,220in LA finance sector 2021
12
Claims adjusters, examiners median $76,890in LA 2022
13
Financial examiners average $98,760in LA MSA 2022
14
Investment fund managers top 10% earned over $250,000 in LA 2022
15
Entry-level financial analyst salary averaged $72,340in LA 2022
16
Compliance officers in finance averaged $88,450in LA County 2021
17
Tellers and clerks combined average $45,670yearly in LA banks 2022
18
Portfolio managers median $142,870in LA 2022
19
Risk management specialists $105,230average in LA finance 2022
20
Finance sector total payroll in LA MSA reached $18.7 billion in 2022
21
Bonus pay for LA investment bankers averaged 85% of base salary in 2022
22
CFO salaries in LA finance firms averaged $312,450in 2022
23
Quant analysts median $165,000in LA hedge funds 2022
24
Real estate finance specialists $112,340average in LA 2021
25
Fintech developers in LA finance earned $138,760median 2022
26
Tax preparers seasonal wage $32/hour average in LA 2022
Interpretation
Wages Interpretation
While Los Angeles bankers may discuss market volatility over artisanal avocado toast, the real rollercoaster is their pay stubs, where the dizzying gap between a CFO's salary and a teller's hourly wage perfectly mirrors the city's own stark narrative of wealth and hustle.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Elena Vasquez. (2026, February 13). Los Angeles Financial Services Industry Statistics. Gitnux. https://gitnux.org/los-angeles-financial-services-industry-statistics
MLA
Elena Vasquez. "Los Angeles Financial Services Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/los-angeles-financial-services-industry-statistics.
Chicago
Elena Vasquez. 2026. "Los Angeles Financial Services Industry Statistics." Gitnux. https://gitnux.org/los-angeles-financial-services-industry-statistics.
Sources & references
75 datasets cited across this report · attribution is report-level