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 Assessment

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

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

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

Data period: 2024. Last updated: April 2026.