Waterbury city, CT

ZIP 06708 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Waterbury city, CT (06708)

Median Income

$63,705

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,606

Wealth inflow

Population

29,103

Unemployment

6.9%

3.2pp above US avg

IRS migration statistics show a net inflow of about 1,606 for ZIP 06708 (Waterbury city, CT) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

6.9%+85% vs US avg

Self-Employed

0.9%-84% vs US avg

SNAP Benefits

21.6%+84% vs US avg

505

Establishments

10,245

Employees

~20 per establishment — mix of small and larger employers

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Construction8.9%
Manufacturing10.4%
Wholesale trade2.3%
Retail trade11.1%
Transportation, utilities8.1%
Information1.2%
Finance, insurance, real estate4.9%
Professional, scientific, management9.4%
Education, health care, social28.1%
Arts, entertainment, food services8.5%
Other services3.4%
Public administration3.7%

Household Income

Historical Trends in 06708 (2020–Present)

Since 2020, population declined 2.1%, median income fell 4.5% (inflation-adjusted), home values increased 15.5%.

Median Income

$63,705

-15% vs US avg

Unemployment Rate