Natrona County, Wyoming: commercial real estate data.
Natrona County, Wyoming has a population of 79,977 across 5,340 square miles, up 0.6 percent since the 2020 census base. County output reached $6.88 bn in 2024, 3,071 establishments operate here, and the SBA record carries 74 7(a) approvals worth $33.6 m.
121 sourced county values · tier FULL · 11 sections
Natrona County
How many people live in Natrona County
- Population79,977
- Households33,886
- Average household size2.36
- Median household income$72,156
- Median age38.4
- Median gross rent$1,016 per month
- Median owner-occupied home value$273,000
- Home value to household income3.8 times
- Annual rent as a share of median income16.9 percent
- Adults 25 and over with a bachelor degree or higher27.7 percent
- Adults 25 and over with a graduate degree10.5 percent
- Adults 25 and over54,860
- Population under 1818,879
- Share under 1823.6 percent
- Population 65 and over13,598
- Share 65 and over17.0 percent
- Working age population, 18 to 6447,500
- Civilian labor force41,906
- Unemployment rate4.1 percent
- Labor force participation, adults 18 and over68.6 percent
- Rank by population among Wyoming counties2nd of 23
- Rank by population among US county-equivalents728th
Natrona County is the 2nd largest of 23 Wyoming counties by population. A median home costs 3.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.6 percent against 17.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Natrona County
Is Natrona County growing
- Population change since the 2020 census base0.56 percent
- Census 2020 base population79,964
- Births, 2024844
- Deaths, 2024779
- Natural change, 202465
- Net domestic migration, 2024364
- Net international migration, 202415
- Total net migration, 2024379
- Cumulative net domestic migration, 2021 to 2024210
- Rank by growth among US county-equivalents1630th
The county has grown 0.56 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.
Natrona County
Where people moving to Natrona County come from
- Tax returns filed by households arriving2,092
- People arriving, from those returns3,803
- Adjusted gross income arriving$200.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$95,810
- Largest single originNatrona County Non-migrants (30,882 households)
- Largest single destination (30,882 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Natrona County Non-migrants | 30,882 | 62,169 | $2.88 bn |
| Other flows - Different State | 1,236 | 2,381 | $147.5 m |
| Other flows - West | 618 | 1,260 | $104.4 m |
| Other flows - South | 307 | 594 | $22.8 m |
| Other flows - Midwest | 251 | 408 | $15.1 m |
| Other flows - Same State | 119 | 206 | $6.4 m |
| Converse County | 107 | 176 | $4.2 m |
| Fremont County | 64 | 112 | $2.5 m |
The largest single source of arrivals is Natrona 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.
Natrona County
What the Natrona County economy runs on
- County GDP, 2024$6.88 bn
- County GDP, 2023$6.71 bn
- GDP change, 2023 to 20242.6 percent
- GDP change over five years32.8 percent
- Rank by GDP among Wyoming counties2nd
- Rank by GDP among US county-equivalents594th
- GDP per resident$86,046
Output grew 2.6 percent in the latest year and 32.8 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.
Natrona County
Who employs people in Natrona County
- Covered employment, annual average40,029
- Establishments reporting3,966
- Average annual pay$61,394
- Average weekly wage$1,181
- Sector 62, employment6,103
- Sector 62, average annual pay$61,683
- Sector 44-45, employment4,639
- Sector 44-45, average annual pay$38,839
- Sector 72, employment4,131
- Sector 72, average annual pay$23,182
- Sector 23, employment3,261
- Sector 23, average annual pay$77,045
- Sector 42, employment2,196
- Sector 21, employment2,111
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 6,103 | 558 | $61,683 |
| Sector 44-45 | 4,639 | 332 | $38,839 |
| Sector 72 | 4,131 | 209 | $23,182 |
| Sector 23 | 3,261 | 386 | $77,045 |
| Sector 42 | 2,196 | 308 | $84,201 |
| Sector 21 | 2,111 | 166 | $112,047 |
| Sector 31-33 | 1,994 | 114 | $75,042 |
| Sector 48-49 | 1,743 | 125 | $80,952 |
The largest sector is the biggest private employer group at 6,103 jobs, 15.2 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.
Natrona County
What businesses operate in Natrona County
- Establishments, all industries3,071
- Employment at those establishments31,602
- Annual payroll$1.87 bn
- Establishments per 1,000 residents38.4
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.
Natrona County
What is being built in Natrona County
- Housing units authorised by permit, 2024310
- Declared construction value permitted$57.8 m
- Single family units authorised206
- Multifamily units authorised104
- Multifamily share of units33.5 percent
- Average declared value per unit$186,533
- Units authorised per 1,000 households9.1
Multifamily is 33.5 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Natrona County
How much SBA lending happens in Natrona County
- 7(a) approvals recorded74
- 7(a) gross approval dollars$33.6 m
- Average 7(a) approval$454,153
- Median 7(a) approval$205,000
- 10th percentile approval$26,000
- 90th percentile approval$1,723,000
- Largest single approval$2,617,500
- Jobs reported supported, 7(a)655
- Jobs per approval8.9
- Distinct 7(a) lenders active26
- Distinct industries receiving approvals51
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.5 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter61
- Franchise loans10
- Franchise share of approvals13.5 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (5)
- Most active lenderNortheast Bank (11)
- 504 approvals recorded40
- 504 gross approval dollars$42.8 m
- Average 504 approval$1,071,175
- Median 504 approval$524,000
- Distinct CDCs active3
- 504 jobs per approval8.8
- 504 jobs per million dollars approved8.2
- Most active CDCWyoming Capital Access (28)
- 7(a) share of SBA approvals64.9 percent
- Combined SBA approval dollars$76.5 m
The average approval of $454,153 sits well above the median of $205,000, 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 9.5 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.
Natrona County
Do SBA loans in Natrona County get paid back
- Loans with a final outcome recorded14
- Paid in full13
- Charged off1
- Charge off rate on resolved loans7.1 percent
- Status: Paid in full13
- Status: Exempt from disclosure37
- Status: Charged off1
- Status: Cancelled17
- Status: Committed, not yet disbursed6
Of the 14 loans that have reached a final outcome, 7.1 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.
Natrona County
Which parts of Natrona County get the lending
- Places in the county with recorded lending4
- Casper, approvals67
- EVANSVILLE, approvals3
- Mills, approvals3
- Bar Nunn, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Casper | 67 | $32,689,100 |
| EVANSVILLE | 3 | $331,000 |
| Mills | 3 | $357,200 |
| Bar Nunn | 1 | $230,000 |
Casper accounts for 67 approvals against 3 in EVANSVILLE. 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.
Natrona County
How big is Natrona County
- Land area5,340 sq mi
- Rank by land area among Wyoming counties5th of 23
- Width, east to west74.4 mi
- Height, north to south73.9 mi
- Geographies sharing a boundary5
- Residents per square mile of land15
- Establishments per square mile0.58
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 Natrona 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 Natrona County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population79,977
- Households33,886
- Average household size2.36
- Median household income$72,156
- Median age38.4
Common questions
Natrona County questions, answered from the record.
How many people live in Natrona County, Wyoming?
79,977, in 33,886 households, ranking 2nd of 23 Wyoming counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Natrona County growing?
The population has grown 0.56 percent since the 2020 census base. In 2024 there were 844 births against 779 deaths, with net migration of 379. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Natrona County?
$72,156. The median owner-occupied home is valued at $273,000, which is 3.8 times income, and median gross rent is $1,016 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Natrona County?
3,071 establishments, employing 31,602 people with an annual payroll of $1.87 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 Natrona County?
Average annual pay is $61,394, or $1,181 a week, across 40,029 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Natrona County?
74 7(a) approvals totalling $33.6 m since FY2020, across 26 lenders, with a median approval of $205,000, plus 40 504 approvals worth $42.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Natrona County get paid back?
Of the 14 loans that have reached a final outcome, 13 were paid in full and 1 charged off, a charge off rate of 7.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Natrona County?
310 housing units were authorised by permit in 2024, with a declared construction value of $57.8 m. Multifamily was 33.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Natrona 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 Natrona County come from?
The largest single origin is Natrona County Non-migrants, with 30,882 households. Arriving households report an average income of $95,810 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 Natrona 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 Natrona 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.