Carbon County, Wyoming: commercial real estate data.
Carbon County, Wyoming has a population of 14,463 across 7,898 square miles, down 1.9 percent since the 2020 census base. County output reached $1.92 bn in 2024, 500 establishments operate here, and the SBA record carries 9 7(a) approvals worth $6.1 m.
116 sourced county values · tier FULL · 11 sections
Carbon County
How many people live in Carbon County
- Population14,463
- Households6,116
- Average household size2.36
- Median household income$70,511
- Median age40.6
- Median gross rent$842 per month
- Median owner-occupied home value$222,700
- Home value to household income3.2 times
- Annual rent as a share of median income14.3 percent
- Adults 25 and over with a bachelor degree or higher24.4 percent
- Adults 25 and over with a graduate degree7.9 percent
- Adults 25 and over10,234
- Population under 183,244
- Share under 1822.4 percent
- Population 65 and over2,768
- Share 65 and over19.1 percent
- Working age population, 18 to 648,451
- Civilian labor force6,779
- Unemployment rate5.0 percent
- Labor force participation, adults 18 and over60.4 percent
- Rank by population among Wyoming counties12th of 23
- Rank by population among US county-equivalents2190th
Carbon County is the 12th largest of 23 Wyoming counties by population. A median home costs 3.2 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.4 percent against 19.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Carbon County
Is Carbon County growing
- Population change since the 2020 census base-1.94 percent
- Census 2020 base population14,532
- Births, 2024158
- Deaths, 2024173
- Natural change, 2024-15
- Net domestic migration, 2024-64
- Net international migration, 202414
- Total net migration, 2024-50
- Cumulative net domestic migration, 2021 to 2024-262
- Rank by growth among US county-equivalents2486th
The county has lost 1.94 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Carbon County
Where people moving to Carbon County come from
- Tax returns filed by households arriving416
- People arriving, from those returns771
- Adjusted gross income arriving$42.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$101,130
- Largest single originCarbon County Non-migrants (5,438 households)
- Largest single destination (5,438 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Carbon County Non-migrants | 5,438 | 11,114 | $459.5 m |
| Other flows - Different State | 271 | 505 | $34.3 m |
| Other flows - West | 156 | 294 | $23.2 m |
| Other flows - South | 71 | 129 | $3.5 m |
| Other flows - Same State | 44 | 97 | $2.3 m |
| Other flows - Midwest | 44 | 82 | $7.7 m |
| Albany County | 30 | 34 | $1.4 m |
| Laramie County | 28 | 56 | $1.6 m |
The largest single source of arrivals is Carbon 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.
Carbon County
What the Carbon County economy runs on
- County GDP, 2024$1.92 bn
- County GDP, 2023$1.98 bn
- GDP change, 2023 to 2024-3.5 percent
- GDP change over five years94.1 percent
- Rank by GDP among Wyoming counties11th
- Rank by GDP among US county-equivalents1319th
- GDP per resident$132,447
Output grew -3.5 percent in the latest year and 94.1 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.
Carbon County
Who employs people in Carbon County
- Covered employment, annual average6,532
- Establishments reporting687
- Average annual pay$60,308
- Average weekly wage$1,160
- Sector 44-45, employment727
- Sector 44-45, average annual pay$36,450
- Sector 31-33, employment645
- Sector 31-33, average annual pay$131,331
- Sector 23, employment587
- Sector 23, average annual pay$88,024
- Sector 62, employment396
- Sector 62, average annual pay$43,682
- Sector 11, employment185
- Sector 48-49, employment158
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 727 | 70 | $36,450 |
| Sector 31-33 | 645 | 13 | $131,331 |
| Sector 23 | 587 | 74 | $88,024 |
| Sector 62 | 396 | 64 | $43,682 |
| Sector 11 | 185 | 29 | $49,613 |
| Sector 48-49 | 158 | 32 | $77,900 |
| Sector 56 | 156 | 37 | $49,237 |
| Sector 54 | 135 | 52 | $69,373 |
The largest sector is the biggest private employer group at 727 jobs, 11.1 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.
Carbon County
What businesses operate in Carbon County
- Establishments, all industries500
- Employment at those establishments4,062
- Annual payroll$254.4 m
- Establishments per 1,000 residents34.6
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.
Carbon County
What is being built in Carbon County
- Housing units authorised by permit, 202435
- Declared construction value permitted$9.4 m
- Single family units authorised35
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$267,762
- Units authorised per 1,000 households5.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Carbon County
How much SBA lending happens in Carbon County
- 7(a) approvals recorded9
- 7(a) gross approval dollars$6.1 m
- Average 7(a) approval$677,889
- Median 7(a) approval$727,000
- 10th percentile approval$20,000
- 90th percentile approval$1,330,000
- Largest single approval$1,330,000
- Jobs reported supported, 7(a)43
- Jobs per approval4.8
- Distinct 7(a) lenders active9
- Distinct industries receiving approvals6
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer55.6 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter4
- Franchise loans1
- Franchise share of approvals11.1 percent
- Leading industry by approval countMotor Vehicle Towing (2)
- Most active lenderLive Oak Banking Company (1)
- 504 approvals recorded3
- 504 gross approval dollars$1.8 m
- Average 504 approval$616,333
- Median 504 approval$290,000
- Distinct CDCs active2
- 504 jobs per approval1.7
- 504 jobs per million dollars approved2.7
- Most active CDCWyoming Capital Access (2)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$8.0 m
The average approval of $677,889 sits close to the median of $727,000, so lending here is fairly evenly sized rather than driven by a few large deals. 55.6 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.
Carbon County
Do SBA loans in Carbon County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Paid in full3
- Status: Exempt from disclosure5
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 3 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.
Carbon County
Which parts of Carbon County get the lending
- Places in the county with recorded lending2
- Rawlins, approvals8
- BAGGS, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Rawlins | 8 | $5,374,000 |
| BAGGS | 1 | $727,000 |
Rawlins accounts for 8 approvals against 1 in BAGGS. 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.
Carbon County
How big is Carbon County
- Land area7,898 sq mi
- Rank by land area among Wyoming counties3rd of 23
- Width, east to west96.4 mi
- Height, north to south99.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land2
- Establishments per square mile0.06
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 Carbon 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 Carbon County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population14,463
- Households6,116
- Average household size2.36
- Median household income$70,511
- Median age40.6
Common questions
Carbon County questions, answered from the record.
How many people live in Carbon County, Wyoming?
14,463, in 6,116 households, ranking 12th of 23 Wyoming counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Carbon County growing?
The population has fallen 1.94 percent since the 2020 census base. In 2024 there were 158 births against 173 deaths, with net migration of -50. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Carbon County?
$70,511. The median owner-occupied home is valued at $222,700, which is 3.2 times income, and median gross rent is $842 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Carbon County?
500 establishments, employing 4,062 people with an annual payroll of $254.4 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 Carbon County?
Average annual pay is $60,308, or $1,160 a week, across 6,532 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Carbon County?
9 7(a) approvals totalling $6.1 m since FY2020, across 9 lenders, with a median approval of $727,000, plus 3 504 approvals worth $1.8 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Carbon County?
35 housing units were authorised by permit in 2024, with a declared construction value of $9.4 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Carbon 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 Carbon County come from?
The largest single origin is Carbon County Non-migrants, with 5,438 households. Arriving households report an average income of $101,130 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 Carbon 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 Carbon 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.