NAICS 23

Construction in Connecticut: 2026 Market Risk Report

Entry risk 43.2 (Elevated), ranked #27 of 51 states. 9,742 establishments, 63,272 jobs.

Entry Risk Assessment

Entry Risk Score 43.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

ⓘ Lower is better. Relative to national construction average.

The construction sector in Connecticut is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
45.1%
Percentile within industry
Rank #29 of 51 states
Growth Momentum
19.9
Scale of 0-100
Rank #35 of 51 states
Establishment Density
13.4
vs. national average
Rank #24 of 51 states
Market Volatility
23.6
Lower is more stable
Wage Pressure Index
37.5
Labor cost pressure

9,742 Establishments in Connecticut

9,742
Establishments
+0.9% YoY
63,272
Total Employment
+2.5% YoY
$87,536
Average Annual Wage
+4.0% YoY

Connecticut vs National Construction Average

How Connecticut's construction market compares to the national average across all 51 states.

Metric CT National Difference
Entry Risk Score 43.2 44.2 -1.0
5-Year Retention 45.1% 51.0% -5.9
Growth Momentum 19.9 30.9 -11.0
Market Volatility 23.6 20.9 +2.7
Establishment Density 13.4 24.6 -11.2
Wage Pressure 37.5 57.1 -19.6

Green = favorable vs national average. Red = less favorable. Metrics are relative within construction only.

Connecticut Ranks #27 of 51 for Construction

Connecticut ranks #27 out of 51 states for construction market entry conditions.

Construction Entry Risk by State

Rank State Risk Score Classification
#1 Wisconsin 25.1 low
#2 Michigan 28.0 low
#3 Pennsylvania 28.4 low
#4 Alabama 30.3 moderate
#5 Nebraska 32.5 moderate
#27 Connecticut You 43.2 elevated
Entry Risk by State Alaska — 60.9 · #50 Alabama — 30.3 · #4 Arkansas — 34.3 · #8 Arizona — 38.6 · #16 California — 47.8 · #32 Colorado — 53.2 · #40 Connecticut — 43.2 · #27 District of Columbia — 56.9 · #45 Delaware — 43.0 · #26 Florida — 54.5 · #42 Georgia — 42.1 · #25 Hawaii — 61.1 · #51 Iowa — 34.3 · #7 Idaho — 58.4 · #48 Illinois — 49.1 · #34 Indiana — 35.0 · #11 Kansas — 51.5 · #38 Kentucky — 39.8 · #19 Louisiana — 53.6 · #41 Massachusetts — 41.5 · #23 Maryland — 35.0 · #12 Maine — 35.5 · #13 Michigan — 28.0 · #2 Minnesota — 37.3 · #14 Missouri — 54.6 · #43 Mississippi — 50.8 · #36 Montana — 45.0 · #28 North Carolina — 38.2 · #15 North Dakota — 58.3 · #47 Nebraska — 32.5 · #5 New Hampshire — 32.6 · #6 New Jersey — 48.3 · #33 New Mexico — 47.4 · #31 Nevada — 39.8 · #20 New York — 51.1 · #37 Ohio — 41.7 · #24 Oklahoma — 52.2 · #39 Oregon — 54.8 · #44 Pennsylvania — 28.4 · #3 Rhode Island — 38.8 · #17 South Carolina — 47.0 · #30 South Dakota — 34.7 · #9 Tennessee — 34.8 · #10 Texas — 46.3 · #29 Utah — 40.1 · #22 Virginia — 39.0 · #18 Vermont — 40.0 · #21 Washington — 58.1 · #46 Wisconsin — 25.1 · #1 West Virginia — 49.5 · #35 Wyoming — 59.3 · #49
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Connecticut stack up against other states for construction?

Select a state above to see the comparison

Construction in Neighboring States

How Connecticut's construction market compares to bordering states.

Rhode Island 38.8 #17/51 Massachusetts 41.5 #23/51 New York 51.1 #37/51

Other Industries in Connecticut

Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →