Average All Occupations Salary in Waterbury-Shelton, CT
In Waterbury-Shelton, CT, the average annual salary for All Occupations stands at $67,680, slightly surpassing the national average of $67,140. This marginal advantage in compensation is often influenced by the specific economic drivers and industry demands unique to the Waterbury-Shelton metropolitan area. Localized economic conditions and the cost of doing business can contribute to these pay differentials.
Executive Summary
- Average Salary: $67,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,130.
- Outlook: The Waterbury-Shelton, CT region boasts a substantial workforce of 158,640 individuals, indicating a significant labor market. With a Location Quotient of 1.0 for All Occupations, the concentration of these roles aligns precisely with the national average, suggesting a stable and balanced demand for a wide range of professions within the area.
Salary Overview
The average All Occupations in Waterbury-Shelton, CT earns+0.8%above the national average.
$32.5
$1,302
$5,640
All Occupations Salary Trends (2020-2024)
While specific historical data for this granular level is not provided, it is generally observed that salaries across most occupations experience consistent, albeit modest, annual growth over four-year periods. This trend is typically driven by inflation, increased demand for skilled labor, and evolving economic conditions, suggesting that the average salary in Waterbury-Shelton has likely seen an upward trajectory.
All Occupations Salary Distribution in Waterbury-Shelton, CT
Salary progression in All Occupations is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can expect to earn significantly more, often reaching the upper percentiles. The widening gap between entry-level and senior-level salaries reflects the value placed on accumulated knowledge and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $33,190 | $16 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $50,760 | $24.4 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $50,110 | $24.1 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $84,600 | $40.7 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $118,130 | $56.8 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$67,680
Gross Pay
Real Wage (Purchasing Power)
$67,680
Adjusted for COL (100)
The average annual salary of $67,680 in Waterbury-Shelton, CT, aligns perfectly with the national average cost of living index of 100. This means that, on average, a worker's nominal income in this region holds purchasing power equivalent to the national standard, offering a balanced financial landscape for residents.
Job Market Context
158,640
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Waterbury-Shelton, CT has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Waterbury-Shelton, CT, signifies that the representation of these jobs within the local workforce is exactly in line with the national average. This indicates a job market that is neither overly concentrated nor significantly lacking in these roles, suggesting a steady and predictable level of competition and opportunity.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area All Occupations Salary | $63,250↓ 7% | 15 mi |
| New Haven, CT All Occupations Salary | $73,410↑ 8% | 18 mi |
| Hartford-West Hartford-East Hartford, CT All Occupations Salary | $75,170↑ 11% | 23 mi |
| Bridgeport-Stamford-Danbury, CT All Occupations Salary | $84,090↑ 24% | 27 mi |
| Springfield, MA All Occupations Salary | $66,030↓ 2% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Waterbury-Shelton, CT?
The median annual salary for a All Occupations in Waterbury-Shelton, CT is $67,680. This typically ranges from $33,190 for entry-level positions to $118,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 0.8% higher than the national median of $67,140.
Is Waterbury-Shelton, CT a lucrative place for All Occupationss?
Yes, it is slightly lucrative.The average salary of $67,680 is marginally higher than the national average, and the cost of living is exactly at the national average, indicating stable purchasing power.
Is Waterbury-Shelton, CT a good place to live for All Occupations?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($63,250) and New Haven, CT.
What is the total workforce size in Waterbury-Shelton, CT?
The total local workforce in Waterbury-Shelton, CT comprises 158,640 individuals, reflecting a substantial labor pool.
How does the Waterbury-Shelton, CT job market compare to the national average in terms of All Occupations concentration?
The job market in Waterbury-Shelton, CT, has a concentration of All Occupations that is identical to the national average, indicated by a Location Quotient of 1.0.
What does a Cost of Living Index of 100 mean for Waterbury-Shelton, CT residents?
A Cost of Living Index of 100 means that the general cost of goods and services in Waterbury-Shelton, CT, is precisely the same as the national average.
How many All Occupations jobs are there per 1,000 workers in Waterbury-Shelton, CT?
There are 1,000 jobs per 1,000 workers for All Occupations in Waterbury-Shelton, CT, which is consistent with the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 158,640 employees in the Waterbury-Shelton, CT area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Waterbury-Shelton, CT