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Torrington Labor Market Area (1Q 2019)
All Industry
Estimated employment260
Mean wage$52.93
Entry wage$32.44
10th percentile wage$31.58
50th percentile wage$46.64
90th percentile wage$81.77
Top Employing Industries
 IndustryEmployment
Percent
Financial Activities7027.3%
Education and Health Services6022.7%
Professional and Business Services4016.2%
Manufacturing3010.4%
Top Paying Industries
 IndustryEmployment
Median Wage
Manufacturing30$56.49
Education and Health Services60$51.08
Professional and Business Services40$51.05
Trade, Transportation and Utilities30$47.20
Financial Managers (11-3031)
Plan, direct, and coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Median Wage History
YearThis
Occupation		Compared to
Occupational Group		Difference
Current$46.64 $43.91 $2.73
2018$46.30+.7%$43.59+.7%$2.71
2017$45.11+2.6%$42.47+2.6%$2.64
2016$44.05+2.4%$41.47+2.4%$2.58
2015$43.03+2.4%$40.51+2.4%$2.52
2014$41.83+2.9%$39.38+2.9%$2.45
2013$40.84+2.4%$38.45+2.4%$2.39
2012$39.86+2.5%$37.52+2.5%$2.33
2011$39.21+1.7%$36.91+1.7%$2.29
2010$38.59+1.6%$36.33+1.6%$2.26
YearThis
Occupation		Compared to
All Occupations		Difference
Current$46.64 $20.04 $26.60
2018$46.30+.7%$19.86+.9%$26.44
2017$45.11+2.6%$19.26+3.1%$25.85
2016$44.05+2.4%$18.74+2.8%$25.31
2015$43.03+2.4%$18.31+2.3%$24.71
2014$41.83+2.9%$17.93+2.1%$23.90
2013$40.84+2.4%$17.55+2.2%$23.30
2012$39.86+2.5%$17.19+2.1%$22.66
2011$39.21+1.7%$16.90+1.7%$22.31
2010$38.59+1.6%$16.63+1.6%$21.96
Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.
Reference Date: 1st Quarter 2019
Top Areas For This Occupation
Best Pay
Median Wage / Employment
Torrington $46.64260
Highest Employment
Median Wage / Employment
Torrington $46.64260
Wages in other areas
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