Management Occupations (11-0000) in Torrington Labor Market Area

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Torrington LMA (1Q 2023)
All Industry
Estimated employment		2,470
Mean wage		$59.27
Entry wage		$31.55
10th percentile wage		$27.74
50th percentile wage		$51.32
90th percentile wage		$96.24

Top Employing Industries
Industry	Employment / Percent
Educational Services	370	15.0%
Management of Companies and Enterprises	220	8.8%
Nursing and Residential Care Facilities	210	8.6%
Professional, Scientific, and Technical Services	100	4.1%

Top Paying Industries
Industry	Employment / Median Wage
Management of Companies and Enterprises	220	$74.39
Motor Vehicle and Parts Dealers	50	$71.01
Professional, Scientific, and Technical Services	100	$65.42
Insurance Carriers and Related Activities	30	$64.40

Management Occupations (11-0000)


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$51.32		$51.32		$0.00
2022	$50.32	+2.0%	$50.32	+2.0%	$0.00
2021	$48.06	+4.7%	$48.06	+4.7%	$0.00
2020	$46.99	+2.3%	$46.99	+2.3%	$0.00
2019	$45.92	+2.3%	$45.92	+2.3%	$0.00
2018	$44.69	+2.8%	$44.69	+2.8%	$0.00
2017	$43.63	+2.4%	$43.63	+2.4%	$0.00
2016	$42.39	+2.9%	$42.39	+2.9%	$0.00
2015	$41.36	+2.5%	$41.36	+2.5%	$0.00
2014	$40.53	+2.1%	$40.53	+2.1%	$0.00
Year	This Occupation		Compared to All Occupations		Difference
Current	$51.32		$23.40		$27.92
2022	$50.32	+2.0%	$22.62	+3.4%	$27.70
2021	$48.06	+4.7%	$21.40	+5.7%	$26.65
2020	$46.99	+2.3%	$20.67	+3.5%	$26.32
2019	$45.92	+2.3%	$20.08	+2.9%	$25.84
2018	$44.69	+2.8%	$19.50	+3.0%	$25.20
2017	$43.63	+2.4%	$18.94	+2.9%	$24.69
2016	$42.39	+2.9%	$18.50	+2.4%	$23.89
2015	$41.36	+2.5%	$18.03	+2.6%	$23.33
2014	$40.53	+2.1%	$17.65	+2.2%	$22.88

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 2023

Top Areas For This Occupation


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