Boone County, Missouri: commercial real estate data.
Boone County, Missouri has a population of 188,043 across 685 square miles, up 4.7 percent since the 2020 census base. County output reached $13.93 bn in 2024, 4,725 establishments operate here, and the SBA record carries 297 7(a) approvals worth $82.5 m.
123 sourced county values · tier FULL · 11 sections
Boone County
How many people live in Boone County
- Population188,043
- Households76,562
- Average household size2.46
- Median household income$72,758
- Median age32.7
- Median gross rent$1,088 per month
- Median owner-occupied home value$272,800
- Home value to household income3.7 times
- Annual rent as a share of median income17.9 percent
- Adults 25 and over with a bachelor degree or higher51.5 percent
- Adults 25 and over with a graduate degree23.1 percent
- Adults 25 and over114,662
- Population under 1837,890
- Share under 1820.1 percent
- Population 65 and over25,346
- Share 65 and over13.5 percent
- Working age population, 18 to 64124,807
- Civilian labor force102,651
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over68.4 percent
- Rank by population among Missouri counties8th of 115
- Rank by population among US county-equivalents367th
Boone County is the 8th largest of 115 Missouri counties by population. A median home costs 3.7 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 20.1 percent against 13.5 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Boone County
Is Boone County growing
- Population change since the 2020 census base4.65 percent
- Census 2020 base population183,608
- Births, 20242,004
- Deaths, 20241,333
- Natural change, 2024671
- Net domestic migration, 2024-346
- Net international migration, 20241,674
- Total net migration, 20241,328
- Cumulative net domestic migration, 2021 to 20241,515
- Rank by growth among US county-equivalents587th
The county has grown 4.65 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Boone County
Where people moving to Boone County come from
- Tax returns filed by households arriving5,349
- People arriving, from those returns8,774
- Adjusted gross income arriving$324.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$60,575
- Largest single originBoone County Non-migrants (63,771 households)
- Largest single destination (63,771 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Boone County Non-migrants | 63,771 | 125,341 | $6.31 bn |
| Other flows - Different State | 2,099 | 3,578 | $138.2 m |
| Other flows - South | 855 | 1,539 | $54.9 m |
| Other flows - Midwest | 678 | 1,050 | $40.7 m |
| Other flows - Same State | 491 | 750 | $22.4 m |
| Other flows - West | 398 | 710 | $28.8 m |
| Cole County | 256 | 431 | $15.3 m |
| Callaway County | 236 | 411 | $14.1 m |
The largest single source of arrivals is Boone 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.
Boone County
What the Boone County economy runs on
- County GDP, 2024$13.93 bn
- County GDP, 2023$12.60 bn
- GDP change, 2023 to 202410.6 percent
- GDP change over five years36.9 percent
- Rank by GDP among Missouri counties7th
- Rank by GDP among US county-equivalents339th
- GDP per resident$74,104
Output grew 10.6 percent in the latest year and 36.9 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.
Boone County
Who employs people in Boone County
- Covered employment, annual average98,657
- Establishments reporting5,144
- Average annual pay$59,677
- Average weekly wage$1,148
- Sector 62, employment12,094
- Sector 62, average annual pay$56,226
- Sector 72, employment10,504
- Sector 72, average annual pay$22,529
- Sector 44-45, employment10,393
- Sector 44-45, average annual pay$36,888
- Sector 52, employment5,944
- Sector 52, average annual pay$94,284
- Sector 31-33, employment4,925
- Sector 23, employment3,789
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 12,094 | 953 | $56,226 |
| Sector 72 | 10,504 | 467 | $22,529 |
| Sector 44-45 | 10,393 | 548 | $36,888 |
| Sector 52 | 5,944 | 297 | $94,284 |
| Sector 31-33 | 4,925 | 113 | $63,951 |
| Sector 23 | 3,789 | 532 | $70,505 |
| Sector 54 | 3,771 | 534 | $69,195 |
| Sector 55 | 2,861 | 38 | $83,056 |
The largest sector is the biggest private employer group at 12,094 jobs, 12.3 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.
Boone County
What businesses operate in Boone County
- Establishments, all industries4,725
- Employment at those establishments85,754
- Annual payroll$4.52 bn
- Establishments per 1,000 residents25.1
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.
Boone County
What is being built in Boone County
- Housing units authorised by permit, 20241,303
- Declared construction value permitted$375.6 m
- Single family units authorised740
- Multifamily units authorised563
- Multifamily share of units43.2 percent
- Average declared value per unit$288,235
- Units authorised per 1,000 households17.0
Multifamily is 43.2 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Boone County
How much SBA lending happens in Boone County
- 7(a) approvals recorded297
- 7(a) gross approval dollars$82.5 m
- Average 7(a) approval$277,762
- Median 7(a) approval$125,000
- 10th percentile approval$25,000
- 90th percentile approval$686,500
- Largest single approval$3,225,200
- Jobs reported supported, 7(a)2,833
- Jobs per approval9.5
- Distinct 7(a) lenders active38
- Distinct industries receiving approvals129
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.4 percent
- Loans on real estate terms25
- Loans on working capital terms, 120 months or shorter242
- Franchise loans35
- Franchise share of approvals11.8 percent
- Leading industry by approval countFull-Service Restaurants (22)
- Most active lenderThe Central Trust Bank (109)
- 504 approvals recorded81
- 504 gross approval dollars$52.5 m
- Average 504 approval$648,691
- Median 504 approval$483,000
- Distinct CDCs active4
- 504 jobs per approval9.2
- 504 jobs per million dollars approved14.1
- Most active CDCEnterprise Development Corporation (59)
- 7(a) share of SBA approvals78.6 percent
- Combined SBA approval dollars$135.0 m
The average approval of $277,762 sits well above the median of $125,000, 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 8.4 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.
Boone County
Do SBA loans in Boone County get paid back
- Loans with a final outcome recorded72
- Paid in full54
- Charged off18
- Charge off rate on resolved loans25.0 percent
- Status: Charged off18
- Status: Paid in full54
- Status: Exempt from disclosure193
- Status: Cancelled27
- Status: Committed, not yet disbursed5
Of the 72 loans that have reached a final outcome, 25.0 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.
Boone County
Which parts of Boone County get the lending
- Places in the county with recorded lending9
- Columbia, approvals252
- CENTRALIA, approvals15
- Ashland, approvals12
- HALLSVILLE, approvals8
- ROCHEPORT, approvals3
- HARTSBURG, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Columbia | 252 | $71,478,500 |
| CENTRALIA | 15 | $4,370,600 |
| Ashland | 12 | $1,681,900 |
| HALLSVILLE | 8 | $1,216,700 |
| ROCHEPORT | 3 | $1,367,000 |
| HARTSBURG | 3 | $2,071,000 |
| STURGEON | 2 | $66,000 |
| SAINT LOUIS | 1 | $150,000 |
Columbia accounts for 252 approvals against 15 in CENTRALIA. 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.
Boone County
How big is Boone County
- Land area685 sq mi
- Rank by land area among Missouri counties31st of 115
- Width, east to west24.8 mi
- Height, north to south41.8 mi
- Geographies sharing a boundary7
- Residents per square mile of land275
- Establishments per square mile6.90
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 Boone 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 Boone County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population188,043
- Households76,562
- Average household size2.46
- Median household income$72,758
- Median age32.7
Common questions
Boone County questions, answered from the record.
How many people live in Boone County, Missouri?
188,043, in 76,562 households, ranking 8th of 115 Missouri counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Boone County growing?
The population has grown 4.65 percent since the 2020 census base. In 2024 there were 2,004 births against 1,333 deaths, with net migration of 1,328. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Boone County?
$72,758. The median owner-occupied home is valued at $272,800, which is 3.7 times income, and median gross rent is $1,088 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Boone County?
4,725 establishments, employing 85,754 people with an annual payroll of $4.52 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 Boone County?
Average annual pay is $59,677, or $1,148 a week, across 98,657 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Boone County?
297 7(a) approvals totalling $82.5 m since FY2020, across 38 lenders, with a median approval of $125,000, plus 81 504 approvals worth $52.5 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Boone County get paid back?
Of the 72 loans that have reached a final outcome, 54 were paid in full and 18 charged off, a charge off rate of 25.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Boone County?
1,303 housing units were authorised by permit in 2024, with a declared construction value of $375.6 m. Multifamily was 43.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Boone County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Boone County come from?
The largest single origin is Boone County Non-migrants, with 63,771 households. Arriving households report an average income of $60,575 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 Boone 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 Boone 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.