New Haven County · Connecticut · Northeast · 115k residents
Waterbury, CT: economy, jobs & business costs
The site-selection read on Waterbury: labor costs, talent, corporate tax, energy, and business activity, with the Connecticut median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,401/wk. Connecticut's corporate income tax rate is 7.5%. Commercial electricity averages 21.2¢/kWh.
Compare Waterbury side by side
Avg. weekly wage
$1,401/wk
Corporate income tax
7.5%
Bachelor's degree or higher
17.3%
Commercial electricity
21.2¢/kWh
Economic momentum
How fast Waterbury's economy is moving, ranked against the US cities we track.
58/100
Steady
Ranks Waterbury's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $208,500 |
| Price per sq. ft. | $230 |
| Property tax rate | 1.8% |
| 1-bedroom rent | $940/mo |
| 2-bedroom rent | $1,264/mo |
| State & local income tax | 3.91% |
| Sales tax | 6.35% |
| Corporate income tax | 7.5% |
| Avg. weekly wage | $1,401/wk |
| Bachelor's degree or higher | 17.3% |
| Commercial electricity | 21.2¢/kWh |
| Businesses per 1k residents | 29.6/1k |
| Wage: Software developer | $134,120 |
| Wage: Registered nurse | $102,740 |
| Wage: General manager | $137,220 |
| Wage: Customer service | $48,090 |
| Wage: Warehouse worker | $40,590 |
| Wage: Heavy truck driver | $60,490 |
| Wage: Electrician | $77,540 |
| Wage: Retail salesperson | $36,490 |
| Cost of living index | 93 |
| Groceries index | 106 |
| Utilities | $245/mo |
| Transit pass | $75/mo |
| Gas price | $3.35/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,350/mo |
| Median household income | $51,886 |
| Unemployment rate | 4% |
| Population | 115k |
| Crime index | 27/100 |
| School rating | 7.8/10 |
| Walkability | 38/100 |
| Disaster risk | 93/100 |
| Avg. commute | 26 min |
| Sunny days / year | 180 days |
| July high | 84°F |
| January low | 19°F |
| Annual snowfall | — |
| Home price YoY | +3.0% |
| Home price MoM | +0.3% |
| Rent YoY | +2.4% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | -0.3% |
| Building permits YoY | +186.7% |
| Ocean coast | 23 mi |
| Big lake | 21 mi |
| Mountains | 75 mi |
| Major airport | 33 mi |
| Ski resort | 70 mi |
Popular comparisons
Nearby
- Naugatuck, CT · 32k
- Bristol, CT · 61k
- Meriden, CT · 61k
- Wallingford Center, CT · 18k
- Ansonia, CT · 19k
Similar size
- Hartford, CT · 121k
- New Haven, CT · 134k
- Stamford, CT · 137k
- Norwalk, CT · 92k
- Danbury, CT · 87k
Real listings in Waterbury
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Waterbury a good place to run a business?
- Connecticut's corporate income tax rate is 7.5%; average weekly wages in the surrounding labor market run $1,401/wk; commercial electricity averages 21.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Waterbury, CT?
- Waterbury indexes at 93 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,264/mo and a acs median home value of $208,500.
- How much does a house cost in Waterbury?
- The acs median home value in Waterbury is $208,500 (Census ACS estimate; individual listings vary).
- How much is rent in Waterbury?
- A two-bedroom in Waterbury rents for about $1,264/mo.