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Torrington Labor Market Area (1Q 2015)
All Industry
Estimated employment30
Mean wage40.74
Entry wage22.32
10th percentile wage17.31
50th percentile wage34.61
90th percentile wage70.23
 Top Employing Industries
 IndustryEmployment % 
Financial Activities2051.5%
 Best Paying Industries
 IndustryEmploymentMedian
Wage
Financial Activities2052.76
Loan Officers (13-2072)
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Mean Wage History
YearThis OccupationCompared to
Occupational Group		Difference
Current$40.74 $30.46  $10.28
2014$40.51+.6%$30.29 +.6%$10.22
2013$39.55+2.4%$29.57 +2.4%$9.98
2012$38.59+2.5%$28.86 +2.5%$9.74
2011$37.97+1.7%$28.39 +1.7%$9.58
2010$37.37+1.6%$27.94 +1.6%$9.43
2009$36.58+2.2%$27.35 +2.2%$9.23
2008$36.32+.7%$27.15 +.7%$9.16
2007$35.19+3.2%$26.31 +3.2%$8.88
2006$34.04+3.4%$25.45 +3.4%$8.59
YearThis OccupationCompared to
All Occupations		Difference
Current$40.74 $22.39  $18.35
2014$40.51+.6%$22.21 +.8%$18.30
2013$39.55+2.4%$21.73 +2.2%$17.82
2012$38.59+2.5%$21.29 +2.1%$17.30
2011$37.97+1.7%$20.93 +1.7%$17.04
2010$37.37+1.6%$20.60 +1.6%$16.77
2009$36.58+2.2%$20.25 +1.7%$16.33
2008$36.32+.7%$19.98 +1.4%$16.34
2007$35.19+3.2%$19.47 +2.6%$15.73
2006$34.04+3.4%$18.85 +3.3%$15.19

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 2015

State of Connecticut Department of Labor Office of Research
200 Folly Brook Boulevard Wethersfield, CT 06109
Phone: 860-263-6285
Go to the Connecticut Department of Labor's Office of Research website

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Top Areas For This Occupation
Best Pay
Torrington 40.74 30
Highest Employment
Torrington 40.74 30
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