HomeConnecticutNaugatuck Valley Planning Region
Naugatuck Valley Planning Region, Connecticut: commercial real estate data.
Naugatuck Valley Planning Region, Connecticut had an estimated 462,220 residents on July 1, 2024, up 2.7 percent since the 2020 census base of 450,166, across 413 square miles. County output reached $33.43 bn in 2024, 9,114 establishments operate here, and the SBA record carries 437 7(a) approvals worth $157.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Naugatuck Valley Planning Region
How many people live in Naugatuck Valley Planning Region
- Population, American Community Survey 2020-2024454,969
- Households180,116
- Average household size2.53
- Median household income$86,191
- Median age41.8
- Median gross rent$1,330 per month
- Median owner-occupied home value$317,700
- Home value to household income3.7 times
- Annual rent as a share of median income18.5 percent
- Adults 25 and over with a bachelor degree or higher33.8 percent
- Adults 25 and over with a graduate degree14.5 percent
- Adults 25 and over326,360
- Population under 1892,250
- Share under 1820.3 percent
- Population 65 and over87,273
- Share 65 and over19.2 percent
- Working age population, 18 to 64275,446
- Civilian labor force243,262
- Unemployment rate6.0 percent
- Labor force participation, adults 18 and over67.1 percent
- Rank by population among Connecticut planning regions4th of 9
- Rank by population among US county-equivalents, Puerto Rico included160th of 3,222
Naugatuck Valley Planning Region is the 4th largest of 9 Connecticut planning regions by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 20.3 percent against 19.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Naugatuck Valley Planning Region
Is Naugatuck Valley Planning Region's population growing?
- Population, July 1, 2024462,220
- Census 2020 base population450,166
- Population change since the 2020 census base2.68 percent
- Population change, 2023 to 20244,611
- Births, 20244,357
- Deaths, 20244,242
- Natural change, 2024115
- Net domestic migration, 20241,102
- Net international migration, 20243,410
- Total net migration, 20244,512
- Cumulative net domestic migration, 2021 to 20244,645
- Rank by growth among US county-equivalents955th of 3,144
The county has grown 2.68 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Naugatuck Valley Planning Region
Where are people moving to Naugatuck Valley Planning Region from?
- Tax returns filed by households arriving11,907
- People arriving, from those returns20,041
- Tax returns filed by households leaving11,711
- Net household movement196
- Adjusted gross income arriving$788.8 m
- Net adjusted gross income movement$-167.8 m
- Average income of an arriving household$66,246
- Average income of a leaving household$81,687
- Largest single originCapitol Planning Region (1,844 households)
- Largest single destinationCapitol Planning Region (2,222 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Capitol Planning Region | 1,844 | 2,798 | $99.7 m |
| Greater Bridgeport Planning Regio | 1,803 | 3,184 | $110.1 m |
| South Central Connecticut Plannin | 1,799 | 2,920 | $114.4 m |
| Western Connecticut Planning Regi | 1,208 | 2,005 | $105.3 m |
| Bronx County | 653 | 1,341 | $34.6 m |
| Northwest Hills Planning Region | 479 | 751 | $35.9 m |
| Westchester County | 343 | 722 | $23.5 m |
| Queens County | 252 | 503 | $14.5 m |
Households arriving report $15,441 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Capitol Planning Region, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Naugatuck Valley Planning Region
What is the Naugatuck Valley Planning Region economy?
- County GDP, 2024$33.43 bn
- County GDP, 2023$0
- Rank by GDP among the Connecticut areas BEA publishes5th of 17
- Rank by GDP among the US county areas BEA publishes177th of 3,127
- GDP per resident$73,489
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Naugatuck Valley Planning Region
Employment by industry in Naugatuck Valley Planning Region
- Covered employment, annual average160,111
- Establishments reporting13,526
- Average annual pay$71,603
- Average weekly wage$1,377
- Health care and social assistance, employment32,702
- Health care and social assistance, average annual pay$58,696
- Retail trade, employment18,298
- Retail trade, average annual pay$42,497
- Manufacturing, employment18,124
- Manufacturing, average annual pay$83,556
- Accommodation and food services, employment11,549
- Accommodation and food services, average annual pay$27,302
- Administrative and support and waste management services, employment9,392
- Construction, employment7,734
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 32,702 | 2,542 | $58,696 |
| Retail trade | 18,298 | 1,320 | $42,497 |
| Manufacturing | 18,124 | 734 | $83,556 |
| Accommodation and food services | 11,549 | 969 | $27,302 |
| Administrative and support and waste management services | 9,392 | 858 | $50,678 |
| Construction | 7,734 | 1,164 | $86,057 |
| Professional, scientific and technical services | 7,011 | 1,483 | $115,731 |
| Wholesale trade | 6,470 | 861 | $102,361 |
Health care and social assistance is the largest private sector at 32,702 jobs, 20.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Naugatuck Valley Planning Region
How many businesses are in Naugatuck Valley Planning Region?
- Establishments, all industries9,114
- Employment at those establishments145,193
- Annual payroll$9.64 bn
- Establishments per 1,000 residents20.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Naugatuck Valley Planning Region
Building permits in Naugatuck Valley Planning Region
- Housing units authorized by permit, 2024317
- Declared construction value permitted$67.5 m
- Single family units authorized264
- Multifamily units authorized53
- Multifamily share of units16.7 percent
- Average declared value per unit$212,836
- Units authorized per 1,000 households1.8
Single-family homes are 83.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Naugatuck Valley Planning Region
SBA loans in Naugatuck Valley Planning Region (7(a) and 504)
- 7(a) approvals recorded437
- 7(a) gross approval dollars$157.0 m
- Average 7(a) approval$359,308
- Median 7(a) approval$103,500
- 10th percentile approval$24,800
- 90th percentile approval$916,160
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)3,636
- Jobs per approval8.3
- Distinct 7(a) lenders active61
- Distinct industries receiving approvals168
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.7 percent
- Loans on real estate terms38
- Loans on working capital terms, 120 months or shorter388
- Franchise loans24
- Franchise share of approvals5.5 percent
- Most active lenderManufacturers and Traders Trust Company (99)
- 504 approvals recorded94
- 504 gross approval dollars$74.2 m
- Average 504 approval$789,787
- Median 504 approval$484,500
- Distinct CDCs active3
- 504 jobs per approval8.6
- 504 jobs per million dollars approved10.8
- Most active CDCCommunity Investment Corporation (52)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$231.3 m
The average approval of $359,308 sits well above the median of $103,500, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 8.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition. A further 1,590 Connecticut approvals are recorded against the state's former counties, which were replaced by planning regions in 2022. The two sets of boundaries do not nest, so those approvals cannot be assigned to a planning region and are excluded from every figure on this page.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Naugatuck Valley Planning Region
SBA loan default and charge-off rates in Naugatuck Valley Planning Region
Do SBA loans in Naugatuck Valley Planning Region get paid back?
- Loans with a final outcome recorded56
- Paid in full51
- Charged off5
- Charge-off rate on resolved loans8.9 percent
- Status: Exempt from disclosure305
- Status: Paid in full51
- Status: Cancelled37
- Status: Charged off5
- Status: Committed, not yet disbursed39
Of the 56 loans that have reached a final outcome, 8.9 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Naugatuck Valley Planning Region
SBA lending by place in Naugatuck Valley Planning Region
- Borrower cities with recorded lending28
- Waterbury, approvals75
- Bristol, approvals56
- Shelton, approvals52
- Cheshire Village, approvals29
- Southbury, approvals26
- Naugatuck, approvals20
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Waterbury | 75 | $30,288,800 |
| Bristol | 56 | $22,149,700 |
| Shelton | 52 | $14,978,000 |
| Cheshire Village | 29 | $7,070,500 |
| Southbury | 26 | $11,058,800 |
| Naugatuck | 20 | $7,288,700 |
| Oxford | 18 | $14,992,800 |
| Wolcott | 17 | $6,547,600 |
| 20 other borrower cities | 144 | $42,642,900 |
Waterbury accounts for 75 approvals against 56 in Bristol. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Naugatuck Valley Planning Region
How large is Naugatuck Valley Planning Region?
- Land area413 sq mi
- Rank by land area among Connecticut planning regions7th of 9
- Width, east to west24.9 mi
- Height, north to south32.4 mi
- Geographies sharing a boundary5
- Residents per square mile of land1,102
- Establishments per square mile22.07
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Naugatuck Valley Planning Region site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Naugatuck Valley Planning Region site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024454,969
- Households180,116
- Average household size2.53
- Median household income$86,191
- Median age41.8
Common questions
Naugatuck Valley Planning Region questions, answered from the record.
How many people live in Naugatuck Valley Planning Region, Connecticut?
The Census Bureau estimates 462,220 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 454,969, in 180,116 households, ranking 4th of 9 Connecticut counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Naugatuck Valley Planning Region's population growing?
The population has grown 2.68 percent since the 2020 census base of 450,166, to 462,220 on July 1, 2024. In 2024 there were 4,357 births against 4,242 deaths, with net migration of 4,512. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Naugatuck Valley Planning Region?
$86,191. The median owner-occupied home is valued at $317,700, which is 3.7 times income, and median gross rent is $1,330 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Naugatuck Valley Planning Region?
9,114 establishments, employing 145,193 people with an annual payroll of $9.64 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Naugatuck Valley Planning Region?
Health care and social assistance is the largest private sector at 32,702 jobs, 20.4 percent of covered employment. Covered employment averages 160,111 jobs at an average annual pay of $71,603, or $1,377 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Naugatuck Valley Planning Region?
437 7(a) approvals totaling $157.0 m since FY2020, across 61 lenders, with a median approval of $103,500, plus 94 504 approvals worth $74.2 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Naugatuck Valley Planning Region get paid back?
Of the 56 loans that have reached a final outcome, 51 were paid in full and 5 charged off, a charge-off rate of 8.9 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Naugatuck Valley Planning Region?
317 housing units were authorized by permit in 2024, with a declared construction value of $67.5 m. Multifamily was 16.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
Where do people moving to Naugatuck Valley Planning Region come from?
The largest single origin is Capitol Planning Region, with 1,844 households. Arriving households report an average income of $66,246 against $81,687 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Naugatuck Valley Planning Region on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Naugatuck Valley Planning Region?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Naugatuck Valley Planning Region
Cities and places in Naugatuck Valley.
14 Census places lie wholly or partly in Naugatuck Valley Planning Region. All 14 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Waterbury | city | 114,869 | 75 | Wholly in this county |
| Bristol | city | 61,462 | 56 | Wholly in this county |
| Shelton | city | 41,889 | 52 | Wholly in this county |
| Naugatuck | borough | 31,800 | 20 | Wholly in this county |
| Ansonia | city | 19,033 | 11 | Wholly in this county |
| Derby | city | 12,487 | 12 | Wholly in this county |
| Oakville | CDP | 9,276 | 6 | Wholly in this county |
| Cheshire Village | CDP | 6,172 | 29 | Wholly in this county |
| Terryville | CDP | 5,461 | 11 | Wholly in this county |
| Heritage Village | CDP | 4,968 | None recorded | Wholly in this county |
| Watertown | CDP | 3,897 | 16 | Wholly in this county |
| Bethlehem Village | CDP | 2,195 | 2 | Wholly in this county |
| Thomaston | CDP | 1,988 | 15 | Wholly in this county |
| Woodbury Center | CDP | 1,606 | None recorded | Wholly in this county |
A further 132 of the county's 437 SBA 7(a) approvals are to borrowers in cities that match no Census place in Naugatuck Valley Planning Region, the largest being Southbury (26), Oxford (18), Wolcott (17). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.