Waterbury city, CT

ZIP 06704 — Economy & Jobs

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

Working ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Waterbury city, CT (06704)

Median Income

$47,848

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,693

Wealth inflow

Population

30,666

Unemployment

11.9%

8.2pp above US avg

IRS migration statistics show a net inflow of about 1,693 for ZIP 06704 (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

11.9%+222% vs US avg

Self-Employed

2.0%-67% vs US avg

SNAP Benefits

27.8%+137% vs US avg

336

Establishments

3,975

Employees

~12 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Construction5.4%
Manufacturing14.2%
Wholesale trade1.6%
Retail trade18.4%
Transportation, utilities4.2%
Information1.1%
Finance, insurance, real estate5.9%
Professional, scientific, management9.1%
Education, health care, social27.3%
Arts, entertainment, food services6.7%
Other services2.7%
Public administration3.4%

Household Income

Historical Trends in 06704 (2020–Present)

Since 2020, population grew 17.0%, median income fell 3.7% (inflation-adjusted), home values increased 14.8%.

Median Income

$47,848

-36% vs US avg

Unemployment Rate