Musselshell County, Montana: commercial real estate data.

Musselshell County

How many people live in Musselshell County

• Population, American Community Survey 2020-20245,152
• Households2,148
• Average household size2.40
• Median household income$58,920
• Median age51.3
• Median gross rent$1,138 per month
• Median owner-occupied home value$235,000
• Home value to household income4.0 times
• Annual rent as a share of median income23.2 percent
• Adults 25 and over with a bachelor degree or higher22.4 percent
• Adults 25 and over with a graduate degree5.8 percent
• Adults 25 and over3,829
• Population under 18998
• Share under 1819.4 percent
• Population 65 and over1,494
• Share 65 and over29.0 percent
• Working age population, 18 to 642,660
• Civilian labor force2,342
• Unemployment rate9.2 percent
• Labor force participation, adults 18 and over56.4 percent
• Rank by population among Montana counties35th of 56
• Rank by population among US county-equivalents, Puerto Rico included2887th of 3,222

Musselshell County is the 35th largest of 56 Montana counties by population. A median home costs 4.0 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 29.0 percent against 19.4 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.

Musselshell County

Where are people moving to Musselshell County from?

• Tax returns filed by households arriving216
• People arriving, from those returns424
• Tax returns filed by households leaving144
• Net household movement72
• Adjusted gross income arriving$17.1 m
• Net adjusted gross income movement$10.5 m
• Average income of an arriving household$79,384
• Average income of a leaving household$46,403
• Largest single originYellowstone County (56 households)
• Largest single destinationYellowstone County (53 households)

Households arriving report $32,981 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Yellowstone County, 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.

Musselshell County

Employment by industry in Musselshell County

• Covered employment, annual average1,325
• Establishments reporting199
• Average annual pay$62,379
• Average weekly wage$1,200
• Mining, quarrying, and oil and gas extraction, employment320
• Mining, quarrying, and oil and gas extraction, average annual pay$138,351
• Retail trade, employment128
• Retail trade, average annual pay$23,403
• Construction, employment60
• Construction, average annual pay$42,632
• Other services, except public administration, employment60
• Other services, except public administration, average annual pay$25,493
• Wholesale trade, employment43
• Professional, scientific and technical services, employment43

Mining, quarrying, and oil and gas extraction is the largest private sector at 320 jobs, 24.2 percent of covered employment.

US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.

Musselshell County

Building permits in Musselshell County

• Housing units authorized by permit, 20247
• Declared construction value permitted$1.1 m
• Single family units authorized3
• Multifamily units authorized4
• Multifamily share of units57.1 percent
• Average declared value per unit$157,857
• Units authorized per 1,000 households3.3

Multifamily is 57.1 percent of units authorized, so the pipeline is being built for renters rather than buyers.

US Census Bureau, Building Permits Survey, 2024 annual.

Musselshell County

SBA loan default and charge-off rates in Musselshell County

Do SBA loans in Musselshell County get paid back?

• Loans with a final outcome recorded0
• Paid in full0
• Charged off0
• Status: Exempt from disclosure1

Only 0 loans have 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.

Musselshell County

Flood risk in Musselshell County

• Communities in the county in the NFIP Community Status Book2
• Of those, participating in the NFIP2
• NFIP participation rate100.0 percent
• Communities carrying a CRS class0
• Radon levels in Musselshell County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2

The EPA places Musselshell County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 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.

Feasibility studies

When a Musselshell 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 Musselshell County site starts with the figures you are reading, carrying the same source and period into the credit file.

• Population, American Community Survey 2020-20245,152
• Households2,148
• Average household size2.40
• Median household income$58,920
• Median age51.3

How a feasibility study works →

Musselshell County

Cities and places in Musselshell.

7 Census places lie wholly or partly in Musselshell County. 6 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.