NAICS 52

Finance and Insurance in Waterbury-Shelton, CT

Metro Market Score 54.0 (Challenging), ranked #208 of 331 metros. 598 establishments, 4,005 jobs.

Metro Market Assessment

Metro Market Score 54.0
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national finance and insurance average.

💰High-Cost Market

Despite a mature finance and insurance presence (concentration: 52.3), Waterbury-Shelton is still adding jobs in this sector. Growth trend sits at 60.4, and the overall 54.0 market score lands in the lower half. Established markets with growth are worth a closer look.

Industry Concentration
52.3
LQ: 0.62
Rank #173 of 331 metros
Wage Competitiveness
92.2
$134,592 avg wage
Growth Trend
↑ 60.4
Employment growth index
Rank #132 of 331 metros
Wage Pressure
30.1
YoY wage change index

598 Finance and Insurance Firms in Waterbury-Shelton

598
Establishments
+100.0% YoY
4,005
Total Employment
+0.0% YoY
$134,592
Average Annual Wage
+0.0% YoY
0.62
Location Quotient
Below national avg

Waterbury-Shelton vs Connecticut Statewide

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

Measure Waterbury-Shelton CT Statewide
Overall Score 54.0 Challenging 73.7 High
Score Type Metro Market Score Entry Risk Score
Rank #208 of 331 metros #51 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 Administrative and Support Services 55.7 Construction 56.6 Professional, Scientific, and Technical Services 58.3 Retail Trade 58.4 Healthcare and Social Assistance 59.5 Information 59.9

Finance and Insurance in Other Connecticut Metros

Norwich-New London-Willimantic 35.9 #77/331 New Haven 74.6 #315/331 Hartford-West Hartford-East Hartford 78.3 #326/331 Bridgeport-Stamford-Danbury 84.0 #331/331

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 finance and insurance sector, the wage competitiveness component (92.2) 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.