Phillips County, Colorado: commercial real estate data.
Phillips County, Colorado has a population of 4,496 across 688 square miles, down 1.1 percent since the 2020 census base. County output reached $254.5 m in 2024, 138 establishments operate here, and the SBA record carries 1 7(a) approvals worth $150,000.
101 sourced county values · tier FULL · 10 sections
Phillips County
How many people live in Phillips County
- Population4,496
- Households1,952
- Average household size2.30
- Median household income$64,674
- Median age40.9
- Median gross rent$999 per month
- Median owner-occupied home value$258,200
- Home value to household income4.0 times
- Annual rent as a share of median income18.5 percent
- Adults 25 and over with a bachelor degree or higher31.5 percent
- Adults 25 and over with a graduate degree11.0 percent
- Adults 25 and over3,142
- Population under 181,145
- Share under 1825.5 percent
- Population 65 and over924
- Share 65 and over20.6 percent
- Working age population, 18 to 642,427
- Civilian labor force2,261
- Unemployment rate2.9 percent
- Labor force participation, adults 18 and over67.5 percent
- Rank by population among Colorado counties54th of 64
- Rank by population among US county-equivalents2935th
Phillips County is the 54th largest of 64 Colorado counties by population. A median home costs 4.0 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.5 percent against 20.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Phillips County
Is Phillips County growing
- Population change since the 2020 census base-1.06 percent
- Census 2020 base population4,536
- Births, 202454
- Deaths, 202461
- Natural change, 2024-7
- Net domestic migration, 2024-27
- Net international migration, 202433
- Total net migration, 20246
- Cumulative net domestic migration, 2021 to 2024-96
- Rank by growth among US county-equivalents2206th
The county has lost 1.06 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Phillips County
Where people moving to Phillips County come from
- Tax returns filed by households arriving112
- People arriving, from those returns211
- Adjusted gross income arriving$6.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$53,563
- Largest single originPhillips County Non-migrants (1,615 households)
- Largest single destination (1,615 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Phillips County Non-migrants | 1,615 | 3,588 | $118.4 m |
| Other flows - Same State | 67 | 129 | $4.1 m |
| Other flows - Different State | 45 | 82 | $1.9 m |
| Other flows - Midwest | 25 | 54 | $1.2 m |
| Other flows - West | 20 | 28 | $667,000 |
The largest single source of arrivals is Phillips 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.
Phillips County
What the Phillips County economy runs on
- County GDP, 2024$254.5 m
- County GDP, 2023$322.5 m
- GDP change, 2023 to 2024-21.1 percent
- GDP change over five years33.4 percent
- Rank by GDP among Colorado counties50th
- Rank by GDP among US county-equivalents2796th
- GDP per resident$56,598
Output grew -21.1 percent in the latest year and 33.4 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.
Phillips County
Who employs people in Phillips County
- Covered employment, annual average1,782
- Establishments reporting186
- Average annual pay$49,981
- Average weekly wage$961
- Sector 11, employment408
- Sector 11, average annual pay$52,278
- Sector 42, employment127
- Sector 42, average annual pay$64,670
- Sector 44-45, employment126
- Sector 44-45, average annual pay$27,842
- Sector 54, employment62
- Sector 54, average annual pay$61,022
- Sector 23, employment51
- Sector 52, employment42
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 11 | 408 | 29 | $52,278 |
| Sector 42 | 127 | 16 | $64,670 |
| Sector 44-45 | 126 | 18 | $27,842 |
| Sector 54 | 62 | 18 | $61,022 |
| Sector 23 | 51 | 14 | $38,862 |
| Sector 52 | 42 | 10 | $56,529 |
| Sector 51 | 23 | 5 | $56,382 |
| Sector 81 | 14 | 8 | $38,754 |
The largest sector is the biggest private employer group at 408 jobs, 22.9 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.
Phillips County
What businesses operate in Phillips County
- Establishments, all industries138
- Employment at those establishments1,146
- Annual payroll$63.2 m
- Establishments per 1,000 residents30.7
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.
Phillips County
What is being built in Phillips County
- Housing units authorised by permit, 20243
- Declared construction value permitted$1.1 m
- Single family units authorised3
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$350,490
- Units authorised per 1,000 households1.5
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Phillips County
How much SBA lending happens in Phillips County
- 7(a) approvals recorded1
- 7(a) gross approval dollars$150,000
- Average 7(a) approval$150,000
- Median 7(a) approval$150,000
- 10th percentile approval$150,000
- 90th percentile approval$150,000
- Largest single approval$150,000
- Jobs reported supported, 7(a)1
- Jobs per approval1.0
- Distinct 7(a) lenders active1
- Distinct industries receiving approvals1
- Median 7(a) term25 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countBeef Cattle Ranching and Farming (1)
- Most active lenderDayspring Bank (1)
The average approval of $150,000 sits close to the median of $150,000, so lending here is fairly evenly sized rather than driven by a few large deals. Only 0.0 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.
Phillips County
Do SBA loans in Phillips County get paid back
- Loans with a final outcome recorded1
- Paid in full0
- Charged off1
- Status: Charged off1
Too few loans have reached a final outcome to publish a charge off rate. only 1 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Phillips County
How big is Phillips County
- Land area688 sq mi
- Rank by land area among Colorado counties54th of 64
- Width, east to west32.2 mi
- Height, north to south21.5 mi
- Geographies sharing a boundary3
- Residents per square mile of land7
- Establishments per square mile0.20
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Phillips 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 Phillips County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population4,496
- Households1,952
- Average household size2.30
- Median household income$64,674
- Median age40.9
Common questions
Phillips County questions, answered from the record.
How many people live in Phillips County, Colorado?
4,496, in 1,952 households, ranking 54th of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Phillips County growing?
The population has fallen 1.06 percent since the 2020 census base. In 2024 there were 54 births against 61 deaths, with net migration of 6. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Phillips County?
$64,674. The median owner-occupied home is valued at $258,200, which is 4.0 times income, and median gross rent is $999 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Phillips County?
138 establishments, employing 1,146 people with an annual payroll of $63.2 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Phillips County?
Average annual pay is $49,981, or $961 a week, across 1,782 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Phillips County?
1 7(a) approvals totalling $150,000 since FY2020, across 1 lenders, with a median approval of $150,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Phillips County?
3 housing units were authorised by permit in 2024, with a declared construction value of $1.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Phillips 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 Phillips County come from?
The largest single origin is Phillips County Non-migrants, with 1,615 households. Arriving households report an average income of $53,563 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 Phillips 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 Phillips 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.