San Miguel County, Colorado: commercial real estate data.
San Miguel County, Colorado had an estimated 7,819 residents on July 1, 2024, down 3.1 percent since the 2020 census base of 8,070, across 1,287 square miles. County output reached $1.08 bn in 2024, 690 establishments operate here, and the SBA record carries 8 7(a) approvals worth $3.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
San Miguel County
How many people live in San Miguel County
- Population, American Community Survey 2020-20247,968
- Households4,604
- Average household size1.73
- Median household income$79,024
- Median age43.3
- Median gross rent$1,149 per month
- Median owner-occupied home value$720,700
- Home value to household income9.1 times
- Annual rent as a share of median income17.4 percent
- Adults 25 and over with a bachelor degree or higher64.9 percent
- Adults 25 and over with a graduate degree18.9 percent
- Adults 25 and over6,229
- Population under 181,425
- Share under 1817.9 percent
- Population 65 and over1,481
- Share 65 and over18.6 percent
- Working age population, 18 to 645,062
- Civilian labor force5,321
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over81.3 percent
- Rank by population among Colorado counties40th of 64
- Rank by population among US county-equivalents, Puerto Rico included2656th of 3,222
San Miguel County is the 40th largest of 64 Colorado counties by population. A median home costs 9.1 times median household income, which is severely unaffordable by national standards. Residents 65 and over outnumber those under 18, at 18.6 percent against 17.9 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
San Miguel County
Is San Miguel County's population growing?
- Population, July 1, 20247,819
- Census 2020 base population8,070
- Population change since the 2020 census base-3.11 percent
- Population change, 2023 to 2024-55
- Births, 202452
- Deaths, 202430
- Natural change, 202422
- Net domestic migration, 2024-104
- Net international migration, 202426
- Total net migration, 2024-78
- Cumulative net domestic migration, 2021 to 2024-391
- Rank by growth among US county-equivalents2760th of 3,144
The county has lost 3.11 percent of its population since the 2020 census base. More people left than moved in during 2024 and births over deaths did not make up the difference, so the population fell.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
San Miguel County
Where are people moving to San Miguel County from?
- Tax returns filed by households arriving323
- People arriving, from those returns484
- Tax returns filed by households leaving372
- Net household movement-49
- Adjusted gross income arriving$118.5 m
- Net adjusted gross income movement$43.3 m
- Average income of an arriving household$366,811
- Average income of a leaving household$202,202
- Largest single destinationMontrose County (40 households)
| Origin | Households | People | Adjusted gross income |
|---|
Households arriving report $164,609 more average income than households leaving, so the migration is raising local spending power rather than just moving it around.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
San Miguel County
What is the San Miguel County economy?
- County GDP, 2024$1.08 bn
- County GDP, 2023$1.04 bn
- GDP change, 2023 to 20244.3 percent
- GDP change over five years64.9 percent
- Rank by GDP among the Colorado areas BEA publishes30th of 64
- Rank by GDP among the US county areas BEA publishes1780th of 3,127
- GDP per resident$135,661
Output grew 4.3 percent in the latest year and 64.9 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.
San Miguel County
Employment by industry in San Miguel County
- Covered employment, annual average6,077
- Establishments reporting805
- Average annual pay$58,699
- Average weekly wage$1,129
- Accommodation and food services, employment1,532
- Accommodation and food services, average annual pay$49,332
- Arts, entertainment and recreation, employment856
- Arts, entertainment and recreation, average annual pay$38,476
- Retail trade, employment569
- Retail trade, average annual pay$45,086
- Construction, employment520
- Construction, average annual pay$71,456
- Administrative and support and waste management services, employment312
- Real estate and rental and leasing, employment270
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Accommodation and food services | 1,532 | 83 | $49,332 |
| Arts, entertainment and recreation | 856 | 26 | $38,476 |
| Retail trade | 569 | 85 | $45,086 |
| Construction | 520 | 90 | $71,456 |
| Administrative and support and waste management services | 312 | 54 | $47,510 |
| Real estate and rental and leasing | 270 | 104 | $72,002 |
| Professional, scientific and technical services | 247 | 140 | $131,126 |
| Health care and social assistance | 210 | 32 | $62,520 |
Accommodation and food services is the largest private sector at 1,532 jobs, 25.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
San Miguel County
How many businesses are in San Miguel County?
- Establishments, all industries690
- Employment at those establishments5,725
- Annual payroll$263.5 m
- Establishments per 1,000 residents86.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
San Miguel County
Building permits in San Miguel County
- Housing units authorized by permit, 202457
- Declared construction value permitted$147.7 m
- Single family units authorized37
- Multifamily units authorized20
- Multifamily share of units35.1 percent
- Average declared value per unit$2,591,466
- Units authorized per 1,000 households12.4
Single-family homes are 64.9 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
San Miguel County
SBA loans in San Miguel County (7(a) and 504)
- 7(a) approvals recorded8
- 7(a) gross approval dollars$3.6 m
- Average 7(a) approval$452,125
- Median 7(a) approval$406,300
- Largest single approval$1,050,000
- Jobs reported supported, 7(a)29
- Jobs per approval3.6
- Distinct 7(a) lenders active8
- Distinct industries receiving approvals8
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer12.5 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter7
- Franchise loans0
- Franchise share of approvals0.0 percent
- 504 approvals recorded4
- 504 gross approval dollars$3.2 m
- Average 504 approval$798,500
- Median 504 approval$885,500
- Distinct CDCs active1
- 504 jobs per approval4.3
- 504 jobs per million dollars approved5.3
- Most active CDCB:Side Capital (4)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$6.8 m
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.
San Miguel County
SBA loan default and charge-off rates in San Miguel County
Do SBA loans in San Miguel County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure6
- Status: Paid in full1
- Status: Cancelled1
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
San Miguel County
SBA lending by place in San Miguel County
- Borrower cities with recorded lending2
- Telluride, approvals6
- Norwood, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Telluride | 6 | $3,459,000 |
| Norwood | 2 | $158,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
San Miguel County
How large is San Miguel County?
- Land area1,287 sq mi
- Rank by land area among Colorado counties35th of 64
- Width, east to west71.2 mi
- Height, north to south26.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land6
- Establishments per square mile0.54
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.
San Miguel County
Flood risk in San Miguel County
- Participation of the county's own NFIP community San Miguel County, unincorporated areasParticipating, community 080166
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP3
- NFIP participation rate75.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
- Radon levels in San Miguel County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated San Miguel County (community 080166), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places San Miguel County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 10, which carries a flood insurance premium discount for policies written in that community. 75.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a San Miguel 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 San Miguel County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20247,968
- Households4,604
- Average household size1.73
- Median household income$79,024
- Median age43.3
Common questions
San Miguel County questions, answered from the record.
How many people live in San Miguel County, Colorado?
The Census Bureau estimates 7,819 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 7,968, in 4,604 households, ranking 40th of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is San Miguel County's population growing?
The population has fallen 3.11 percent since the 2020 census base of 8,070, to 7,819 on July 1, 2024. In 2024 there were 52 births against 30 deaths, with net migration of -78. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in San Miguel County?
$79,024. The median owner-occupied home is valued at $720,700, which is 9.1 times income, and median gross rent is $1,149 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in San Miguel County?
690 establishments, employing 5,725 people with an annual payroll of $263.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in San Miguel County?
Accommodation and food services is the largest private sector at 1,532 jobs, 25.2 percent of covered employment. Covered employment averages 6,077 jobs at an average annual pay of $58,699, or $1,129 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in San Miguel County?
8 7(a) approvals totaling $3.6 m since FY2020, across 8 lenders, with a median approval of $406,300, plus 4 504 approvals worth $3.2 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in San Miguel County?
57 housing units were authorized by permit in 2024, with a declared construction value of $147.7 m. Multifamily was 35.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for San Miguel 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.
Are traffic counts available for San Miguel 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 San Miguel County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
San Miguel County
Cities and places in San Miguel.
6 Census places lie wholly or partly in San Miguel County. All 6 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Mountain Village | town | 2,185 | None recorded | Wholly in this county |
| Telluride | town | 2,160 | 6 | Wholly in this county |
| Norwood | town | 381 | 2 | Wholly in this county |
| Placerville | CDP | 333 | None recorded | Wholly in this county |
| Ophir | town | 120 | None recorded | Wholly in this county |
| Sawpit | town | 6 | None recorded | Wholly in this county |
Nearby