Millard County, Utah: commercial real estate data.
Millard County, Utah has a population of 13,315 across 6,572 square miles, up 4.5 percent since the 2020 census base. County output reached $1.49 bn in 2024, 301 establishments operate here, and the SBA record carries 26 7(a) approvals worth $12.6 m.
121 sourced county values · tier FULL · 11 sections
Millard County
How many people live in Millard County
- Population13,315
- Households4,357
- Average household size3.06
- Median household income$73,639
- Median age34.4
- Median gross rent$882 per month
- Median owner-occupied home value$284,700
- Home value to household income3.9 times
- Annual rent as a share of median income14.4 percent
- Adults 25 and over with a bachelor degree or higher24.3 percent
- Adults 25 and over with a graduate degree4.3 percent
- Adults 25 and over8,099
- Population under 184,100
- Share under 1830.8 percent
- Population 65 and over2,281
- Share 65 and over17.1 percent
- Working age population, 18 to 646,934
- Civilian labor force6,200
- Unemployment rate5.5 percent
- Labor force participation, adults 18 and over67.3 percent
- Rank by population among Utah counties18th of 29
- Rank by population among US county-equivalents2268th
Millard County is the 18th largest of 29 Utah counties by population. A median home costs 3.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 30.8 percent against 17.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Millard County
Is Millard County growing
- Population change since the 2020 census base4.55 percent
- Census 2020 base population12,981
- Births, 2024172
- Deaths, 2024122
- Natural change, 202450
- Net domestic migration, 202470
- Net international migration, 202422
- Total net migration, 202492
- Cumulative net domestic migration, 2021 to 2024303
- Rank by growth among US county-equivalents606th
The county has grown 4.55 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.
Millard County
Where people moving to Millard County come from
- Tax returns filed by households arriving249
- People arriving, from those returns537
- Adjusted gross income arriving$14.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$59,285
- Largest single originMillard County Non-migrants (4,321 households)
- Largest single destination (4,321 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Millard County Non-migrants | 4,321 | 11,075 | $295.6 m |
| Other flows - Same State | 76 | 161 | $4.2 m |
| Other flows - Different State | 64 | 146 | $3.0 m |
| Other flows - West | 64 | 146 | $3.0 m |
| Utah County | 61 | 149 | $5.3 m |
| Salt Lake County | 48 | 81 | $2.3 m |
The largest single source of arrivals is Millard 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.
Millard County
What the Millard County economy runs on
- County GDP, 2024$1.49 bn
- County GDP, 2023$1.49 bn
- GDP change, 2023 to 20240.5 percent
- GDP change over five years59.6 percent
- Rank by GDP among Utah counties16th
- Rank by GDP among US county-equivalents1520th
- GDP per resident$112,214
Output grew 0.5 percent in the latest year and 59.6 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.
Millard County
Who employs people in Millard County
- Covered employment, annual average5,495
- Establishments reporting466
- Average annual pay$55,610
- Average weekly wage$1,069
- Sector 44-45, employment760
- Sector 44-45, average annual pay$28,766
- Sector 56, employment565
- Sector 56, average annual pay$48,568
- Sector 22, employment353
- Sector 22, average annual pay$153,667
- Sector 72, employment348
- Sector 72, average annual pay$20,943
- Sector 23, employment269
- Sector 31-33, employment231
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 760 | 56 | $28,766 |
| Sector 56 | 565 | 17 | $48,568 |
| Sector 22 | 353 | 8 | $153,667 |
| Sector 72 | 348 | 33 | $20,943 |
| Sector 23 | 269 | 55 | $68,530 |
| Sector 31-33 | 231 | 14 | $65,338 |
| Sector 42 | 140 | 19 | $57,671 |
| Sector 48-49 | 128 | 22 | $67,789 |
The largest sector is the biggest private employer group at 760 jobs, 13.8 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.
Millard County
What businesses operate in Millard County
- Establishments, all industries301
- Employment at those establishments3,516
- Annual payroll$199.1 m
- Establishments per 1,000 residents22.6
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.
Millard County
What is being built in Millard County
- Housing units authorised by permit, 202493
- Declared construction value permitted$18.4 m
- Single family units authorised76
- Multifamily units authorised17
- Multifamily share of units18.3 percent
- Average declared value per unit$198,253
- Units authorised per 1,000 households21.3
Multifamily is 18.3 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Millard County
How much SBA lending happens in Millard County
- 7(a) approvals recorded26
- 7(a) gross approval dollars$12.6 m
- Average 7(a) approval$483,781
- Median 7(a) approval$269,100
- 10th percentile approval$30,000
- 90th percentile approval$1,987,500
- Largest single approval$2,633,500
- Jobs reported supported, 7(a)150
- Jobs per approval5.8
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals19
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer34.6 percent
- Loans on real estate terms9
- Loans on working capital terms, 120 months or shorter12
- Franchise loans5
- Franchise share of approvals19.2 percent
- Leading industry by approval countSupermarkets and Other Grocery (except Convenience) Stores (3)
- Most active lenderCommunity Banks of Colorado, A Division of NBH Bank (7)
- 504 approvals recorded11
- 504 gross approval dollars$3.5 m
- Average 504 approval$322,000
- Median 504 approval$263,000
- Distinct CDCs active2
- 504 jobs per approval3.4
- 504 jobs per million dollars approved10.4
- Most active CDCMountain West Small Business Finance (9)
- 7(a) share of SBA approvals70.3 percent
- Combined SBA approval dollars$16.1 m
The average approval of $483,781 sits well above the median of $269,100, 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. 34.6 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Millard County
Do SBA loans in Millard County get paid back
- Loans with a final outcome recorded7
- Paid in full7
- Charged off0
- Status: Exempt from disclosure13
- Status: Paid in full7
- Status: Cancelled2
- Status: Committed, not yet disbursed4
Too few loans have reached a final outcome to publish a charge off rate. only 7 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.
Millard County
Which parts of Millard County get the lending
- Places in the county with recorded lending7
- Fillmore, approvals13
- DELTA, approvals6
- OAK CITY, approvals3
- Scipio, approvals1
- LAS VEGAS, approvals1
- Mapleton, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Fillmore | 13 | $8,762,000 |
| DELTA | 6 | $996,500 |
| OAK CITY | 3 | $326,600 |
| Scipio | 1 | $426,700 |
| LAS VEGAS | 1 | $1,987,500 |
| Mapleton | 1 | $25,000 |
| HINCKLEY | 1 | $54,000 |
Fillmore accounts for 13 approvals against 6 in DELTA. 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.
Millard County
How big is Millard County
- Land area6,572 sq mi
- Rank by land area among Utah counties3rd of 29
- Width, east to west109.4 mi
- Height, north to south67.8 mi
- Geographies sharing a boundary4
- Residents per square mile of land2
- Establishments per square mile0.05
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 Millard 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 Millard County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population13,315
- Households4,357
- Average household size3.06
- Median household income$73,639
- Median age34.4
Common questions
Millard County questions, answered from the record.
How many people live in Millard County, Utah?
13,315, in 4,357 households, ranking 18th of 29 Utah counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Millard County growing?
The population has grown 4.55 percent since the 2020 census base. In 2024 there were 172 births against 122 deaths, with net migration of 92. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Millard County?
$73,639. The median owner-occupied home is valued at $284,700, which is 3.9 times income, and median gross rent is $882 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Millard County?
301 establishments, employing 3,516 people with an annual payroll of $199.1 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 Millard County?
Average annual pay is $55,610, or $1,069 a week, across 5,495 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Millard County?
26 7(a) approvals totalling $12.6 m since FY2020, across 12 lenders, with a median approval of $269,100, plus 11 504 approvals worth $3.5 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Millard County?
93 housing units were authorised by permit in 2024, with a declared construction value of $18.4 m. Multifamily was 18.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Millard 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 Millard County come from?
The largest single origin is Millard County Non-migrants, with 4,321 households. Arriving households report an average income of $59,285 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 Millard 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 Millard 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.