NAICS 62

Healthcare and Social Assistance in Connecticut: 2026 Market Risk Report

Entry risk 30.9 (Moderate), ranked #8 of 51 states. 21,748 establishments, 291,475 jobs.

Entry Risk Assessment

Entry Risk Score 30.9
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national healthcare and social assistance average.

🛡️Stable Market💎Hidden Gem

Connecticut exhibits structural stability in healthcare and social assistance, with volatility at 27.4 and firm retention ranking in the top 15. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
78.4%
Percentile within industry
Rank #12 of 51 states
Growth Momentum
42.0
Scale of 0-100
Rank #26 of 51 states
Establishment Density
19.8
vs. national average
Rank #41 of 51 states
Market Volatility
27.4
Lower is more stable
Wage Pressure Index
34.0
Labor cost pressure

21,748 Establishments in Connecticut

21,748
Establishments
+4.4% YoY
291,475
Total Employment
+3.2% YoY
$66,874
Average Annual Wage
+2.3% YoY

Connecticut vs National Healthcare and Social Assistance Average

How Connecticut's healthcare and social assistance market compares to the national average across all 51 states.

Metric CT National Difference
Entry Risk Score 30.9 40.5 -9.6
5-Year Retention 78.4% 51.0% +27.4
Growth Momentum 42.0 46.8 -4.8
Market Volatility 27.4 27.8 -0.4
Establishment Density 19.8 12.9 +6.9
Wage Pressure 34.0 49.0 -15.0

Green = favorable vs national average. Red = less favorable. Metrics are relative within healthcare and social assistance only.

Connecticut Ranks #8 of 51 for Healthcare and Social Assistance

Connecticut ranks #8 out of 51 states for healthcare and social assistance market entry conditions.

Healthcare and Social Assistance Entry Risk by State

Rank State Risk Score Classification
#1 Utah 22.9 low
#2 Nebraska 23.7 low
#3 North Dakota 26.2 low
#4 Iowa 26.7 low
#5 District of Columbia 27.9 low
#8 Connecticut You 30.9 moderate
Entry Risk by State Alaska — 50.3 · #44 Alabama — 43.6 · #31 Arkansas — 39.5 · #24 Arizona — 44.1 · #32 California — 54.6 · #49 Colorado — 46.7 · #35 Connecticut — 30.9 · #8 District of Columbia — 27.9 · #5 Delaware — 44.8 · #33 Florida — 47.2 · #37 Georgia — 43.3 · #28 Hawaii — 50.2 · #43 Iowa — 26.7 · #4 Idaho — 29.8 · #7 Illinois — 43.6 · #30 Indiana — 31.2 · #10 Kansas — 34.0 · #15 Kentucky — 54.4 · #48 Louisiana — 34.6 · #16 Massachusetts — 48.4 · #40 Maryland — 36.8 · #21 Maine — 49.9 · #42 Michigan — 52.5 · #46 Minnesota — 31.0 · #9 Missouri — 55.6 · #51 Mississippi — 38.3 · #23 Montana — 33.0 · #13 North Carolina — 33.0 · #14 North Dakota — 26.2 · #3 Nebraska — 23.7 · #2 New Hampshire — 36.6 · #19 New Jersey — 45.1 · #34 New Mexico — 53.1 · #47 Nevada — 37.2 · #22 New York — 48.2 · #39 Ohio — 40.2 · #26 Oklahoma — 49.7 · #41 Oregon — 55.6 · #50 Pennsylvania — 29.5 · #6 Rhode Island — 36.0 · #17 South Carolina — 31.5 · #12 South Dakota — 31.4 · #11 Tennessee — 47.4 · #38 Texas — 46.8 · #36 Utah — 22.9 · #1 Virginia — 39.9 · #25 Vermont — 36.7 · #20 Washington — 52.3 · #45 Wisconsin — 43.4 · #29 West Virginia — 40.3 · #27 Wyoming — 36.4 · #18
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 healthcare and social assistance?

Select a state above to see the comparison

Healthcare and Social Assistance in Neighboring States

How Connecticut's healthcare and social assistance market compares to bordering states.

Rhode Island 36.0 #17/51 New York 48.2 #39/51 Massachusetts 48.4 #40/51

Other Industries in Connecticut

Construction → 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 →