Everything You Need to Know About the City of Waterbury Connecticut

In 2017, Waterbury, CT had a population of 109k people with a median age of 34.7 and a median household income of $40,879. Between 2016 and 2017 the population of Waterbury, CT grew from 109,211 to 109,250, a 0.0357% increase and its median household income grew from $39,681 to $40,879, a 3.02% increase.

The population of Waterbury, Connecticut is 38.5% White Alone, 37.2% Hispanic or Latino, and 17.9% Black or African American Alone. N/A% of the people in Waterbury, CT speak a non-English language, and 92.2% are U.S. citizens.

The largest universities in Waterbury, CT are Post University (1,496 degrees awarded in 2017), Naugatuck Valley Community College (1,116 degrees), and Stone Academy-Waterbury (128 degrees).

The median property value in Waterbury, CT is $128,600, and the homeownership rate is 43.3%. Most people in Waterbury, CT commute by Drove Alone, and the average commute time is 23.7 minutes. The average car ownership in Waterbury, CT is 2 cars per household.


Education in Waterbury

In 2017, universities in Waterbury, CT awarded 2,858 degrees. The student population of Waterbury, CT is skewed towards women, with 6,244 male students and 9,873 female students.

Most students graduating from Universities in Waterbury, CT are White (1,416 and 49.7%), followed by Unknown (577 and 20.3%), Hispanic or Latino (410 and 14.4%), and Black or African American (299 and 10.5%).

The largest universities in Waterbury, CT by the number of degrees awarded are Post University (1,496 and 52.3%), Naugatuck Valley Community College (1,116 and 39%), and Stone Academy-Waterbury (128 and 4.48%).

The most popular majors in Waterbury, CT are General Business Administration & Management (490 and 17.1%), General Studies (226 and 7.91%), and Accounting (148 and 5.18%).

The median tuition costs in Waterbury, CT are $N/A for private four-year colleges, and $11,998 and $34,066 respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Waterbury

The economy of Waterbury, CT employs 45.3k people and Waterbury has an unemployment rate of 6.8%. Waterbury has seen the job market decreased by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%. The largest industries in Waterbury, CT is Health Care & Social Assistance (9,915 people), Manufacturing (5,938 people), and Retail Trade (5,915 people), and the highest paying industries are Public Administration ($55,541), Finance & Insurance ($43,762), and Finance & Insurance, & Real Estate & Rental & Leasing ($42,655).

Households in Waterbury, CT have a median annual income of $40,879, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $39,681 in 2016, which represents a 3.02% annual growth.


Tax Rates for Waterbury

– The Sales Tax Rate for Waterbury is 6.4%. The US average is 7.3%.

– The Income Tax Rate for Waterbury is 5.5%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Waterbury

– The average income of a Waterbury resident is $21,251 a year. 

– The Median household income of a Waterbury resident is $41,136 a year.