NAICS 23

Construction in Waterbury-Shelton, CT

Metro Market Score 56.6 (Challenging), ranked #262 of 342 metros. 1,164 establishments, 7,734 jobs.

Metro Market Score 56.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market

Market conditions for construction in Waterbury-Shelton are tougher than average. The 56.6 market score reflects a combination of high labor costs, slowing employment, and moderate competition. Rank: #262 of 342 metros.

Industry Concentration

43.3

LQ: 0.92

Rank #148 of 342 metros

Wage Competitiveness

88.0

$86,057 avg wage

Growth Trend

↓ 36.0

Employment growth index

Rank #220 of 342 metros

Wage Pressure

23.1

YoY wage change index

1,164 Construction Firms in Waterbury-Shelton

1,164

Establishments

+100.0% YoY

7,734

Total Employment

+0.0% YoY

$86,057

Average Annual Wage

+0.0% YoY

0.92

Location Quotient

Below national avg

Within Connecticut

#3 of 4

construction metros in state

Connecticut state rank

#27 of 51

for construction entry risk

vs State Median

0.0

matches median (56.6)

Waterbury-Shelton vs Connecticut Statewide

How this metro's construction market compares to Connecticut overall. The state ranks #27/51 for entry risk.

Measure	Waterbury-Shelton	CT Statewide
Overall Score	56.6 Challenging	43.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#262 of 342 metros	#27 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Waterbury-Shelton

Accommodation and Food Services 45.0 Real Estate and Rental and Leasing 46.1 Other Services 51.2 Finance and Insurance 54.0 Administrative and Support Services 55.7 Professional, Scientific, and Technical Services 58.3 Retail Trade 58.4 Healthcare and Social Assistance 59.5 Information 59.9

Construction in Other Connecticut Metros

Hartford-West Hartford-East Hartford 52.3 #217/342 Norwich-New London-Willimantic 53.4 #230/342 New Haven 59.5 #281/342

Construction Metros With Similar Conditions

Metros within 5 points of Waterbury-Shelton's 56.6 score. Useful when comparing markets with comparable entry profiles.

Asheville, NC 56.7 #263/342 Kokomo, IN 56.5 #261/342 Dallas-Fort Worth-Arlington, TX 56.4 #260/342 Albany, OR 56.4 #259/342 Colorado Springs, CO 56.2 #258/342 Albuquerque, NM 56.1 #257/342 Raleigh-Cary, NC 56.1 #256/342 Charlotte-Concord-Gastonia, NC 56.0 #255/342 St. Joseph, MO 56.0 #254/342 Paducah, KY 57.3 #264/342

Construction in States Bordering Connecticut

State-level entry risk for construction in adjacent states. Use this to weigh cross-border options.

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

Browse Construction in Other States

State-level entry risk reports for construction across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Waterbury-Shelton's construction sector, the wage competitiveness component (88.0) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Waterbury-Shelton, CT MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment