Phillips County, Montana: commercial real estate data.
Phillips County, Montana has a population of 4,221 across 5,140 square miles, down 0.1 percent since the 2020 census base. County output reached $163.8 m in 2024, 135 establishments operate here, and the SBA record carries 7 7(a) approvals worth $4.8 m.
99 sourced county values · tier FULL · 10 sections
Phillips County
How many people live in Phillips County
- Population4,221
- Households1,765
- Average household size2.39
- Median household income$53,417
- Median age45.6
- Median gross rent$536 per month
- Median owner-occupied home value$197,600
- Home value to household income3.7 times
- Annual rent as a share of median income12.0 percent
- Adults 25 and over with a bachelor degree or higher25.4 percent
- Adults 25 and over with a graduate degree6.7 percent
- Adults 25 and over3,000
- Population under 18987
- Share under 1823.4 percent
- Population 65 and over1,013
- Share 65 and over24.0 percent
- Working age population, 18 to 642,221
- Civilian labor force1,899
- Unemployment rate1.8 percent
- Labor force participation, adults 18 and over58.7 percent
- Rank by population among Montana counties38th of 56
- Rank by population among US county-equivalents2948th
Phillips County is the 38th largest of 56 Montana counties by population. A median home costs 3.7 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 24.0 percent against 23.4 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.
Phillips County
Is Phillips County growing
- Population change since the 2020 census base-0.09 percent
- Census 2020 base population4,218
- Births, 202446
- Deaths, 202445
- Natural change, 20241
- Net domestic migration, 2024-35
- Net international migration, 20241
- Total net migration, 2024-34
- Cumulative net domestic migration, 2021 to 202447
- Rank by growth among US county-equivalents1872nd
The county has lost 0.09 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.
Phillips County
Where people moving to Phillips County come from
- Tax returns filed by households arriving78
- People arriving, from those returns156
- Adjusted gross income arriving$4.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,013
- Largest single originPhillips County Non-migrants (1,553 households)
- Largest single destination (1,553 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Phillips County Non-migrants | 1,553 | 3,103 | $78.3 m |
| Other flows - Same State | 57 | 114 | $2.9 m |
| Other flows - Different State | 21 | 42 | $1.1 m |
| Other flows - West | 21 | 42 | $1.1 m |
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$163.8 m
- County GDP, 2023$184.2 m
- GDP change, 2023 to 2024-11.0 percent
- GDP change over five years20.7 percent
- Rank by GDP among Montana counties42nd
- Rank by GDP among US county-equivalents2953rd
- GDP per resident$38,809
Output grew -11.0 percent in the latest year and 20.7 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 average1,160
- Establishments reporting186
- Average annual pay$41,451
- Average weekly wage$797
- Sector 44-45, employment208
- Sector 44-45, average annual pay$28,671
- Sector 72, employment142
- Sector 72, average annual pay$14,300
- Sector 62, employment120
- Sector 62, average annual pay$47,599
- Sector 23, employment56
- Sector 23, average annual pay$58,853
- Sector 52, employment51
- Sector 81, employment41
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 208 | 23 | $28,671 |
| Sector 72 | 142 | 18 | $14,300 |
| Sector 62 | 120 | 10 | $47,599 |
| Sector 23 | 56 | 15 | $58,853 |
| Sector 52 | 51 | 7 | $57,893 |
| Sector 81 | 41 | 19 | $33,775 |
| Sector 54 | 37 | 16 | $41,997 |
| Sector 31-33 | 22 | 6 | $60,296 |
The largest sector is the biggest private employer group at 208 jobs, 17.9 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 industries135
- Employment at those establishments796
- Annual payroll$30.0 m
- Establishments per 1,000 residents32.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Phillips County
What is being built in Phillips County
- Housing units authorised by permit, 20240
- Declared construction value permitted$0
- Single family units authorised0
- Multifamily units authorised0
No residential units were authorised by permit in 2024. In a small county this is common and is not by itself a sign of distress, but it does mean there is no recent residential pipeline to read demand from.
US Census Bureau, Building Permits Survey, 2024 annual.
Phillips County
How much SBA lending happens in Phillips County
- 7(a) approvals recorded7
- 7(a) gross approval dollars$4.8 m
- Average 7(a) approval$689,286
- Median 7(a) approval$475,000
- 10th percentile approval$100,000
- 90th percentile approval$2,200,000
- Largest single approval$2,200,000
- Jobs reported supported, 7(a)66
- Jobs per approval9.4
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term60 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter4
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countReady-Mix Concrete Manufacturing (3)
- Most active lenderBank of Bridger National Association (3)
The average approval of $689,286 sits well above the median of $475,000, 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. 42.9 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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 recorded4
- Paid in full4
- Charged off0
- Status: Paid in full4
- Status: Exempt from disclosure3
Too few loans have reached a final outcome to publish a charge off rate. only 4 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 area5,140 sq mi
- Rank by land area among Montana counties2nd of 56
- Width, east to west78.9 mi
- Height, north to south107 mi
- Geographies sharing a boundary5
- Residents per square mile of land1
- Establishments per square mile0.03
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.
- Population4,221
- Households1,765
- Average household size2.39
- Median household income$53,417
- Median age45.6
Common questions
Phillips County questions, answered from the record.
How many people live in Phillips County, Montana?
4,221, in 1,765 households, ranking 38th of 56 Montana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Phillips County growing?
The population has fallen 0.09 percent since the 2020 census base. In 2024 there were 46 births against 45 deaths, with net migration of -34. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Phillips County?
$53,417. The median owner-occupied home is valued at $197,600, which is 3.7 times income, and median gross rent is $536 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Phillips County?
135 establishments, employing 796 people with an annual payroll of $30.0 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 $41,451, or $797 a week, across 1,160 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?
7 7(a) approvals totalling $4.8 m since FY2020, across 3 lenders, with a median approval of $475,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Phillips County?
No residential units were authorised by permit in 2024. 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 1,553 households. Arriving households report an average income of $51,013 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.