Garfield County, Colorado: commercial real estate data.
Garfield County, Colorado has a population of 62,479 across 2,948 square miles, up 2.4 percent since the 2020 census base. County output reached $5.01 bn in 2024, 2,705 establishments operate here, and the SBA record carries 106 7(a) approvals worth $74.5 m.
122 sourced county values · tier FULL · 11 sections
Garfield County
How many people live in Garfield County
- Population62,479
- Households23,404
- Average household size2.67
- Median household income$91,131
- Median age37.6
- Median gross rent$1,637 per month
- Median owner-occupied home value$527,800
- Home value to household income5.8 times
- Annual rent as a share of median income21.6 percent
- Adults 25 and over with a bachelor degree or higher33.6 percent
- Adults 25 and over with a graduate degree12.3 percent
- Adults 25 and over41,932
- Population under 1815,339
- Share under 1824.6 percent
- Population 65 and over9,222
- Share 65 and over14.8 percent
- Working age population, 18 to 6437,918
- Civilian labor force35,355
- Unemployment rate3.4 percent
- Labor force participation, adults 18 and over75.0 percent
- Rank by population among Colorado counties13th of 64
- Rank by population among US county-equivalents871st
Garfield County is the 13th largest of 64 Colorado counties by population. A median home costs 5.8 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 24.6 percent against 14.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Garfield County
Is Garfield County growing
- Population change since the 2020 census base2.40 percent
- Census 2020 base population61,689
- Births, 2024734
- Deaths, 2024441
- Natural change, 2024293
- Net domestic migration, 2024-287
- Net international migration, 2024236
- Total net migration, 2024-51
- Cumulative net domestic migration, 2021 to 2024-590
- Rank by growth among US county-equivalents1033rd
The county has grown 2.40 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Garfield County
Where people moving to Garfield County come from
- Tax returns filed by households arriving2,100
- People arriving, from those returns3,302
- Adjusted gross income arriving$233.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$111,315
- Largest single originGarfield County Non-migrants (22,460 households)
- Largest single destination (22,460 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Garfield County Non-migrants | 22,460 | 45,971 | $2.32 bn |
| Other flows - Different State | 871 | 1,375 | $104.4 m |
| Other flows - West | 328 | 528 | $57.8 m |
| Eagle County | 322 | 536 | $31.5 m |
| Other flows - South | 288 | 449 | $26.7 m |
| Pitkin County | 175 | 262 | $27.6 m |
| Other flows - Midwest | 162 | 281 | $10.0 m |
| Other flows - Same State | 156 | 220 | $9.7 m |
The largest single source of arrivals is Garfield County Non-migrants, 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.
Garfield County
What the Garfield County economy runs on
- County GDP, 2024$5.01 bn
- County GDP, 2023$4.88 bn
- GDP change, 2023 to 20242.8 percent
- GDP change over five years44.4 percent
- Rank by GDP among Colorado counties14th
- Rank by GDP among US county-equivalents716th
- GDP per resident$80,202
Output grew 2.8 percent in the latest year and 44.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Garfield County
Who employs people in Garfield County
- Covered employment, annual average27,766
- Establishments reporting3,052
- Average annual pay$64,549
- Average weekly wage$1,241
- Sector 23, employment3,755
- Sector 23, average annual pay$71,491
- Sector 44-45, employment3,140
- Sector 44-45, average annual pay$45,968
- Sector 62, employment3,139
- Sector 62, average annual pay$77,392
- Sector 72, employment3,092
- Sector 72, average annual pay$32,983
- Sector 54, employment1,449
- Sector 56, employment1,183
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 23 | 3,755 | 636 | $71,491 |
| Sector 44-45 | 3,140 | 237 | $45,968 |
| Sector 62 | 3,139 | 239 | $77,392 |
| Sector 72 | 3,092 | 217 | $32,983 |
| Sector 54 | 1,449 | 450 | $88,542 |
| Sector 56 | 1,183 | 172 | $60,866 |
| Sector 21 | 962 | 42 | $108,015 |
| Sector 81 | 866 | 219 | $53,372 |
The largest sector is the biggest private employer group at 3,755 jobs, 13.5 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Garfield County
What businesses operate in Garfield County
- Establishments, all industries2,705
- Employment at those establishments21,223
- Annual payroll$1.30 bn
- Establishments per 1,000 residents43.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Garfield County
What is being built in Garfield County
- Housing units authorised by permit, 2024174
- Declared construction value permitted$69.3 m
- Single family units authorised108
- Multifamily units authorised66
- Multifamily share of units37.9 percent
- Average declared value per unit$398,397
- Units authorised per 1,000 households7.4
Multifamily is 37.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Garfield County
How much SBA lending happens in Garfield County
- 7(a) approvals recorded106
- 7(a) gross approval dollars$74.5 m
- Average 7(a) approval$702,388
- Median 7(a) approval$350,000
- 10th percentile approval$30,000
- 90th percentile approval$1,900,000
- Largest single approval$4,650,000
- Jobs reported supported, 7(a)1,908
- Jobs per approval18.0
- Distinct 7(a) lenders active35
- Distinct industries receiving approvals59
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.1 percent
- Loans on real estate terms16
- Loans on working capital terms, 120 months or shorter85
- Franchise loans10
- Franchise share of approvals9.4 percent
- Leading industry by approval countOther Grocery and Related Products Merchant Wholesalers (7)
- Most active lenderLive Oak Banking Company (15)
- 504 approvals recorded68
- 504 gross approval dollars$34.4 m
- Average 504 approval$506,000
- Median 504 approval$331,000
- Distinct CDCs active5
- 504 jobs per approval4.8
- 504 jobs per million dollars approved9.5
- Most active CDCB:Side Capital (61)
- 7(a) share of SBA approvals60.9 percent
- Combined SBA approval dollars$108.9 m
The average approval of $702,388 sits well above the median of $350,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 15.1 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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.
Garfield County
Do SBA loans in Garfield County get paid back
- Loans with a final outcome recorded24
- Paid in full24
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Exempt from disclosure67
- Status: Paid in full24
- Status: Cancelled11
- Status: Committed, not yet disbursed4
Of the 24 loans that have reached a final outcome, 0.0 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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Garfield County
Which parts of Garfield County get the lending
- Places in the county with recorded lending7
- GLENWOOD SPRINGS, approvals39
- CARBONDALE, approvals28
- RIFLE, approvals15
- New Castle, approvals14
- SILT, approvals6
- Parachute, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| GLENWOOD SPRINGS | 39 | $25,402,900 |
| CARBONDALE | 28 | $17,997,300 |
| RIFLE | 15 | $10,708,600 |
| New Castle | 14 | $9,125,300 |
| SILT | 6 | $3,637,000 |
| Parachute | 3 | $7,322,000 |
| El Jebel | 1 | $260,000 |
GLENWOOD SPRINGS accounts for 39 approvals against 28 in CARBONDALE. 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.
Garfield County
How big is Garfield County
- Land area2,948 sq mi
- Rank by land area among Colorado counties8th of 64
- Width, east to west107.4 mi
- Height, north to south50.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land21
- Establishments per square mile0.92
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.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Garfield County 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 Garfield County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population62,479
- Households23,404
- Average household size2.67
- Median household income$91,131
- Median age37.6
Common questions
Garfield County questions, answered from the record.
How many people live in Garfield County, Colorado?
62,479, in 23,404 households, ranking 13th of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Garfield County growing?
The population has grown 2.40 percent since the 2020 census base. In 2024 there were 734 births against 441 deaths, with net migration of -51. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Garfield County?
$91,131. The median owner-occupied home is valued at $527,800, which is 5.8 times income, and median gross rent is $1,637 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Garfield County?
2,705 establishments, employing 21,223 people with an annual payroll of $1.30 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Garfield County?
Average annual pay is $64,549, or $1,241 a week, across 27,766 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Garfield County?
106 7(a) approvals totalling $74.5 m since FY2020, across 35 lenders, with a median approval of $350,000, plus 68 504 approvals worth $34.4 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Garfield County get paid back?
Of the 24 loans that have reached a final outcome, 24 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Garfield County?
174 housing units were authorised by permit in 2024, with a declared construction value of $69.3 m. Multifamily was 37.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Garfield County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Garfield County come from?
The largest single origin is Garfield County Non-migrants, with 22,460 households. Arriving households report an average income of $111,315 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Garfield County 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 Garfield County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.