NAICS 53

Real Estate and Rental and Leasing in Norwich-New London-Willimantic, CT

Metro Market Score 26.7 (Favorable), ranked #50 of 330 metros. 264 establishments, 885 jobs.

Metro Market Assessment

Metro Market Score 26.7
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Favorable

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

📈Rapid Growth✓Favorable Market🌱Emerging Market

Employment in Norwich-New London-Willimantic's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 86.4. Combined with a 26.7 market score, this metro sits in the top quartile for overall conditions.

Industry Concentration
7.0
LQ: 0.45
Rank #23 of 330 metros
Wage Competitiveness
73.9
$63,232 avg wage
Growth Trend
↑ 86.4
Employment growth index
Rank #46 of 330 metros
Wage Pressure
12.0
YoY wage change index

264 Real Estate and Rental and Leasing Firms in Norwich-New London-Willimantic

264
Establishments
+2.3% YoY
885
Total Employment
+6.0% YoY
$63,232
Average Annual Wage
-0.2% YoY
0.45
Location Quotient
Below national avg

Norwich-New London-Willimantic vs Connecticut Statewide

How this metro's real estate and rental and leasing market compares to Connecticut overall. The state ranks #37/51 for entry risk.

Measure Norwich-New London-Willimantic CT Statewide
Overall Score 26.7 Favorable 45.9 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #50 of 330 metros #37 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 Norwich-New London-Willimantic

Other Services 21.2 Administrative and Support Services 35.0 Healthcare and Social Assistance 35.3 Finance and Insurance 35.9 Information 41.0 Retail Trade 43.7 Professional, Scientific, and Technical Services 49.6 Accommodation and Food Services 50.3 Construction 53.4

Real Estate and Rental and Leasing in Other Connecticut Metros

Waterbury-Shelton 46.1 #187/330 Hartford-West Hartford-East Hartford 56.6 #257/330 Bridgeport-Stamford-Danbury 65.2 #302/330 New Haven 75.1 #326/330

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 Norwich-New London-Willimantic's real estate and rental and leasing sector, the wage competitiveness component (73.9) 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.