- 120,729 employers
- 1.67 million employees
- $1,303 average weekly wage
- The average weekly wage is 18.3% above the national average
- The cost of living is 28.8% above the national average
Types of Employers (Private Sector vs. Government Agency)
As an employer in Connecticut, you are most likely to be running a private company rather than a government agency. 97.2% of employers run private companies in the state, 0.2% higher than the national average. The remaining 2.8% of employers are government agencies: 0.4% of employers are federal agencies, 0.5% are state agencies and 1.8% are local government agencies. The chart below illustrates this breakout.
86.6% of employees work for a private company. This is 1.3% higher than the national average of 85.2%. Local government agencies employ 8.7% of the workers in the state, state government agencies employ 3.6% of the workers and the federal government employs 1.1%. The percentage of employees working for a government agency (13.4%) is 1.3% lower than the national average.
The average pay in the state is $1,303, which is 18.3% higher than the national average of $1,101. Connecticut workers that are employed by private businesses earn $1,314 per week, 19.5% lower than the national average for private company employees. Employees of federal government agencies in Connecticut earn $1,483 per week, a premium of 12.9% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Other services with 14.9% of the businesses in the state. Professional services (12.0%) and Retail trade (10.7%) round out the top 3 sectors. The sector that employs the greatest number of workers is Healthcare which employs 18.5% of all workers, followed by Retail trade and Manufacturing which account for 12.5% and 11.1% of private company employees. The table below illustrates the number of businesses by sector:
|Other services, except public administration||17,483||14.9%|
|Professional and technical services||14,078||12.0%|
|Health care and social assistance||11,144||9.5%|
|Accommodation and food services||8,770||7.5%|
|Administrative and waste services||7,869||6.7%|
|Finance and insurance||7,220||6.2%|
|Real estate and rental and leasing||3,647||3.1%|
|Transportation and warehousing||2,071||1.8%|
|Arts, entertainment, and recreation||1,894||1.6%|
|Management of companies and enterprises||1,282||1.1%|
|Agriculture, forestry, fishing and hunting||388||0.3%|
|Mining, quarrying, and oil and gas extraction||54||0.0%|
The table below lists the sectors with the greatest number of employees:
|Health care and social assistance||268,553||18.5%|
|Accommodation and food services||129,258||8.9%|
|Finance and insurance||103,643||7.2%|
|Professional and technical services||96,315||6.6%|
|Administrative and waste services||91,150||6.3%|
|Other services, except public administration||66,822||4.6%|
|Transportation and warehousing||48,674||3.4%|
|Management of companies and enterprises||33,616||2.3%|
|Arts, entertainment, and recreation||28,568||2.0%|
|Real estate and rental and leasing||19,983||1.4%|
|Agriculture, forestry, fishing and hunting||4,745||0.3%|
|Mining, quarrying, and oil and gas extraction||524||0.0%|
The table below is ordered by the average weekly wage for each sector:
|Finance and insurance||$3,305|
|Management of companies and enterprises||$2,912|
|Professional and technical services||$2,027|
|Mining, quarrying, and oil and gas extraction||$1,451|
|Real estate and rental and leasing||$1,352|
|Health care and social assistance||$1,018|
|Transportation and warehousing||$920|
|Administrative and waste services||$885|
|Agriculture, forestry, fishing and hunting||$695|
|Other services, except public administration||$647|
|Arts, entertainment, and recreation||$567|
|Accommodation and food services||$431|
Each broad sector is made up of specific industries. In Connecticut the industry with the most businesses is Private households (with 8,931 businesses employing 14,317 workers). The next two industries are Restaurants and other eating placesand Wholesale trade agents and brokers. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||7,268||14.4|
|Wholesale trade agents and brokers||4,457||1.9|
|Computer systems design and related services||3,677||6.8|
|Offices of physicians||2,716||12.9|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 104,549 people in 7,268 businesses. On average, these employees are paid $400, 69.3% less than the state average. There are 14.4 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||104,549||14.4|
|General medical and surgical hospitals||55,019||696.4|
|Supermarkets and other grocery stores||35,906||43.2|
|Offices of physicians||34,968||12.9|
|Nursing care facilities, skilled nursing||33,871||148.6|
|Management of companies and enterprises||33,616||26.2|
The industry that pays the most (on an average weekly basis) is Commodity contracts brokerage. There are 276 employees working in 30 businesses. The next best paying industries are Portfolio management and Commodity contracts dealing.
|Detailed Industry||Wkly Wage|
|Commodity contracts brokerage||$7,514|
|Commodity contracts dealing||$6,134|
|Investment banking and securities dealing||$5,727|
The solopreneur company, has the most businesses in Connecticut by far. 63.2% of all businesses in the state have fewer than 5 employees. The 111,844 small businesses in the state represent 97.1% of all private businesses. The national average is 97.4%. (Small businesses have fewer than 50 employees.) The pie chart below illustrates the ratio of business sizes.
The largest companies in the state represent 11.1% of all employees, which is 0.1% higher than the national average of 11.0%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 7.8% of all workers, which is 0.5% higher than the national average of 7.3%. All small companies, those employing fewer than 50 people, represent 45.2% of the labor force in the state, 1.6% more than the national average of 43.6%.
The smallest companies in Connecticut (those with fewer than 5 employees) pay workers 21.0% more than the national average ($1,234 per week as compared to the national average of $975 per week. The largest companies in Connecticut (those with more than 1,000 employees) pay 20.3% workers above the national average ($2,362 per week as compared to the national average of $1,882 per week.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.