San Miguel County, Colorado: commercial real estate data.
San Miguel County, Colorado has a population of 7,968 across 1,287 square miles, down 3.1 percent since the 2020 census base. County output reached $1.08 bn in 2024, 690 establishments operate here, and the SBA record carries 8 7(a) approvals worth $3.6 m.
116 sourced county values · tier FULL · 11 sections
San Miguel County
How many people live in San Miguel County
- Population7,968
- Households4,604
- Average household size1.73
- Median household income$79,024
- Median age43.3
- Median gross rent$1,149 per month
- Median owner-occupied home value$720,700
- Home value to household income9.1 times
- Annual rent as a share of median income17.4 percent
- Adults 25 and over with a bachelor degree or higher64.9 percent
- Adults 25 and over with a graduate degree18.9 percent
- Adults 25 and over6,229
- Population under 181,425
- Share under 1817.9 percent
- Population 65 and over1,481
- Share 65 and over18.6 percent
- Working age population, 18 to 645,062
- Civilian labor force5,321
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over81.3 percent
- Rank by population among Colorado counties40th of 64
- Rank by population among US county-equivalents2656th
San Miguel County is the 40th largest of 64 Colorado counties by population. A median home costs 9.1 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents 65 and over outnumber those under 18, at 18.6 percent against 17.9 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
San Miguel County
Is San Miguel County growing
- Population change since the 2020 census base-3.11 percent
- Census 2020 base population8,070
- Births, 202452
- Deaths, 202430
- Natural change, 202422
- Net domestic migration, 2024-104
- Net international migration, 202426
- Total net migration, 2024-78
- Cumulative net domestic migration, 2021 to 2024-391
- Rank by growth among US county-equivalents2760th
The county has lost 3.11 percent of its population 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.
San Miguel County
Where people moving to San Miguel County come from
- Tax returns filed by households arriving323
- People arriving, from those returns484
- Adjusted gross income arriving$118.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$366,811
- Largest single originSan Miguel County Non-migrants (3,354 households)
- Largest single destination (3,354 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| San Miguel County Non-migrants | 3,354 | 5,944 | $758.7 m |
| Other flows - Different State | 234 | 351 | $104.5 m |
| Other flows - West | 95 | 134 | $7.1 m |
| Other flows - Same State | 89 | 133 | $14.0 m |
| Other flows - South | 64 | 111 | $68.9 m |
| Other flows - Midwest | 40 | 56 | $17.8 m |
| Other flows - Northeast | 35 | 50 | $10.7 m |
The largest single source of arrivals is San Miguel 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.
San Miguel County
What the San Miguel County economy runs on
- County GDP, 2024$1.08 bn
- County GDP, 2023$1.04 bn
- GDP change, 2023 to 20244.3 percent
- GDP change over five years64.9 percent
- Rank by GDP among Colorado counties30th
- Rank by GDP among US county-equivalents1780th
- GDP per resident$135,661
Output grew 4.3 percent in the latest year and 64.9 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.
San Miguel County
Who employs people in San Miguel County
- Covered employment, annual average6,077
- Establishments reporting805
- Average annual pay$58,699
- Average weekly wage$1,129
- Sector 72, employment1,532
- Sector 72, average annual pay$49,332
- Sector 71, employment856
- Sector 71, average annual pay$38,476
- Sector 44-45, employment569
- Sector 44-45, average annual pay$45,086
- Sector 23, employment520
- Sector 23, average annual pay$71,456
- Sector 56, employment312
- Sector 53, employment270
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 1,532 | 83 | $49,332 |
| Sector 71 | 856 | 26 | $38,476 |
| Sector 44-45 | 569 | 85 | $45,086 |
| Sector 23 | 520 | 90 | $71,456 |
| Sector 56 | 312 | 54 | $47,510 |
| Sector 53 | 270 | 104 | $72,002 |
| Sector 54 | 247 | 140 | $131,126 |
| Sector 62 | 210 | 32 | $62,520 |
The largest sector is the biggest private employer group at 1,532 jobs, 25.2 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.
San Miguel County
What businesses operate in San Miguel County
- Establishments, all industries690
- Employment at those establishments5,725
- Annual payroll$263.5 m
- Establishments per 1,000 residents86.6
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.
San Miguel County
What is being built in San Miguel County
- Housing units authorised by permit, 202457
- Declared construction value permitted$147.7 m
- Single family units authorised37
- Multifamily units authorised20
- Multifamily share of units35.1 percent
- Average declared value per unit$2,591,466
- Units authorised per 1,000 households12.4
Multifamily is 35.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
San Miguel County
How much SBA lending happens in San Miguel County
- 7(a) approvals recorded8
- 7(a) gross approval dollars$3.6 m
- Average 7(a) approval$452,125
- Median 7(a) approval$462,600
- 10th percentile approval$50,000
- 90th percentile approval$1,050,000
- Largest single approval$1,050,000
- Jobs reported supported, 7(a)29
- Jobs per approval3.6
- Distinct 7(a) lenders active8
- Distinct industries receiving approvals8
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer12.5 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter7
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countLandscaping Services (1)
- Most active lenderFMS Bank (1)
- 504 approvals recorded4
- 504 gross approval dollars$3.2 m
- Average 504 approval$798,500
- Median 504 approval$1,068,000
- Distinct CDCs active1
- 504 jobs per approval4.3
- 504 jobs per million dollars approved5.3
- Most active CDCB:Side Capital (4)
- 7(a) share of SBA approvals66.7 percent
- Combined SBA approval dollars$6.8 m
The average approval of $452,125 sits close to the median of $462,600, so lending here is fairly evenly sized rather than driven by a few large deals. Only 12.5 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.
San Miguel County
Do SBA loans in San Miguel County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure6
- Status: Paid in full1
- Status: Cancelled1
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.
San Miguel County
Which parts of San Miguel County get the lending
- Places in the county with recorded lending2
- Telluride, approvals6
- NORWOOD, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Telluride | 6 | $3,459,000 |
| NORWOOD | 2 | $158,000 |
Telluride accounts for 6 approvals against 2 in NORWOOD. 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.
San Miguel County
How big is San Miguel County
- Land area1,287 sq mi
- Rank by land area among Colorado counties35th of 64
- Width, east to west71.2 mi
- Height, north to south26.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land6
- Establishments per square mile0.54
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 San Miguel 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 San Miguel County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population7,968
- Households4,604
- Average household size1.73
- Median household income$79,024
- Median age43.3
Common questions
San Miguel County questions, answered from the record.
How many people live in San Miguel County, Colorado?
7,968, in 4,604 households, ranking 40th of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is San Miguel County growing?
The population has fallen 3.11 percent since the 2020 census base. In 2024 there were 52 births against 30 deaths, with net migration of -78. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in San Miguel County?
$79,024. The median owner-occupied home is valued at $720,700, which is 9.1 times income, and median gross rent is $1,149 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in San Miguel County?
690 establishments, employing 5,725 people with an annual payroll of $263.5 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 San Miguel County?
Average annual pay is $58,699, or $1,129 a week, across 6,077 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in San Miguel County?
8 7(a) approvals totalling $3.6 m since FY2020, across 8 lenders, with a median approval of $462,600, plus 4 504 approvals worth $3.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in San Miguel County?
57 housing units were authorised by permit in 2024, with a declared construction value of $147.7 m. Multifamily was 35.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for San Miguel 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 San Miguel County come from?
The largest single origin is San Miguel County Non-migrants, with 3,354 households. Arriving households report an average income of $366,811 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 San Miguel 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 San Miguel 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.