October 30, 2020  
 
  Business Information for Savings Institutions  
  Savings Institutions Resources for Entrepreneurs  
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Savings Institutions

Savings Institutions aren't as popular as as many other business types in the United States. Still, across the entire United States, there are more than 10,000 Savings Institutions. That means that each one of those Savings Institutions serves about 30,000 citizens on average. Our analysis suggests that Savings Institutions will typically employ 5 to 9 employees. So, it's safe to say that Savings Institutions account for substantial employment of workers across the country.

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States with Savings Institutions
(Ordered by # per 100,000 Residents)

  State Businesses Businesses per 100K Residents
1. Massachusetts 1,295 20.40
2. Connecticut 629 18.79
3. New Hampshire 200 16.18
4. Maine 202 15.88
5. New Jersey 981 11.66
6. Pennsylvania 1,229 10.01
7. Vermont 58 9.53
8. Rhode Island 98 9.35
9. Hawaii 107 8.83
10. Washington 513 8.76
11. Nebraska 147 8.60
12. Idaho 106 8.20
13. Oregon 268 7.85
14. District of Columbia 44 7.76
15. Wisconsin 414 7.72
16. New York 1,396 7.36
17. South Dakota 53 7.06
18. Delaware 55 7.02
19. Maryland 320 6.04
20. Michigan 591 5.95
21. Florida 904 5.66
22. California 1,908 5.63
23. Illinois 668 5.38
24. Ohio 590 5.21
25. Kansas 139 5.17
26. Iowa 150 5.13
27. North Dakota 31 4.84
28. South Carolina 183 4.56
29. Indiana 271 4.46
30. Nevada 87 4.36
31. Colorado 186 4.32
32. Utah 86 3.86
33. Texas 736 3.53
34. Georgia 248 3.07
35. New Mexico 54 2.98
36. Arizona 142 2.77
37. Missouri 153 2.74
38. Wyoming 12 2.44
39. Louisiana 109 2.44
40. Oklahoma 82 2.38
41. Montana 21 2.33
42. Minnesota 114 2.32
43. Kentucky 83 2.06
44. Virginia 145 2.05
45. North Carolina 156 1.94
46. Arkansas 51 1.91
47. Tennessee 106 1.87
48. Alaska 10 1.60
49. West Virginia 23 1.28
50. Alabama 46 1.04
51. Mississippi 23 0.81

Number of Savings Institutions by Number of Employees
(Data for Entire United States)

RangeNumber of Employees
1 to 43145
5 to 97037
10 to 194133
20 to 491274
50 to 99394
100 to 249179
250 to 49964
500 to 99920
1000 or more9

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