Teton County, Montana: commercial real estate data.
Teton County, Montana had an estimated 6,444 residents on July 1, 2024, up 3.5 percent since the 2020 census base of 6,227, across 2,272 square miles. County output reached $299.9 m in 2024, 232 establishments operate here, and the SBA record carries 4 7(a) approvals worth $1.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Teton County
How many people live in Teton County
- Population, American Community Survey 2020-20246,353
- Households2,469
- Average household size2.57
- Median household income$70,430
- Median age42.3
- Median gross rent$730 per month
- Median owner-occupied home value$264,000
- Home value to household income3.7 times
- Annual rent as a share of median income12.4 percent
- Adults 25 and over with a bachelor degree or higher26.8 percent
- Adults 25 and over with a graduate degree8.9 percent
- Adults 25 and over4,354
- Population under 181,587
- Share under 1825.0 percent
- Population 65 and over1,466
- Share 65 and over23.1 percent
- Working age population, 18 to 643,300
- Civilian labor force2,963
- Unemployment rate1.0 percent
- Labor force participation, adults 18 and over62.2 percent
- Rank by population among Montana counties32nd of 56
- Rank by population among US county-equivalents, Puerto Rico included2788th of 3,222
Teton County is the 32nd largest of 56 Montana counties by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 25.0 percent against 23.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Teton County
Is Teton County's population growing?
- Population, July 1, 20246,444
- Census 2020 base population6,227
- Population change since the 2020 census base3.48 percent
- Population change, 2023 to 20245
- Births, 202470
- Deaths, 202479
- Natural change, 2024-9
- Net domestic migration, 202413
- Net international migration, 20240
- Total net migration, 202413
- Cumulative net domestic migration, 2021 to 2024249
- Rank by growth among US county-equivalents781st of 3,144
The county has grown 3.48 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Teton County
Where are people moving to Teton County from?
- Tax returns filed by households arriving173
- People arriving, from those returns331
- Tax returns filed by households leaving154
- Net household movement19
- Adjusted gross income arriving$9.4 m
- Net adjusted gross income movement$1.3 m
- Average income of an arriving household$54,202
- Average income of a leaving household$52,169
- Largest single originCascade County (46 households)
- Largest single destinationCascade County (46 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Cascade County | 46 | 101 | $2.3 m |
Households arriving report $2,033 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 Cascade 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.
Teton County
What is the Teton County economy?
- County GDP, 2024$299.9 m
- County GDP, 2023$364.8 m
- GDP change, 2023 to 2024-17.8 percent
- GDP change over five years7.7 percent
- Rank by GDP among the Montana areas BEA publishes36th of 56
- Rank by GDP among the US county areas BEA publishes2702nd of 3,127
- GDP per resident$47,212
Output grew -17.8 percent in the latest year and 7.7 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.
Teton County
Employment by industry in Teton County
- Covered employment, annual average1,784
- Establishments reporting331
- Average annual pay$43,842
- Average weekly wage$843
- Wholesale trade, employment150
- Wholesale trade, average annual pay$58,425
- Accommodation and food services, employment130
- Accommodation and food services, average annual pay$15,461
- Retail trade, employment128
- Retail trade, average annual pay$27,891
- Construction, employment109
- Construction, average annual pay$47,877
- Professional, scientific and technical services, employment76
- Finance and insurance, employment64
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Wholesale trade | 150 | 25 | $58,425 |
| Accommodation and food services | 130 | 21 | $15,461 |
| Retail trade | 128 | 18 | $27,891 |
| Construction | 109 | 45 | $47,877 |
| Professional, scientific and technical services | 76 | 28 | $47,564 |
| Finance and insurance | 64 | 15 | $70,820 |
| Arts, entertainment and recreation | 27 | 10 | $19,338 |
| Manufacturing | 22 | 8 | $46,355 |
Wholesale trade is the largest private sector at 150 jobs, 8.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Teton County
How many businesses are in Teton County?
- Establishments, all industries232
- Employment at those establishments1,457
- Annual payroll$83.1 m
- Establishments per 1,000 residents36.5
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.
Teton County
Building permits in Teton County
- Housing units authorized by permit, 20247
- Declared construction value permitted$1.7 m
- Single family units authorized5
- Multifamily units authorized2
- Multifamily share of units28.6 percent
- Average declared value per unit$249,429
- Units authorized per 1,000 households2.8
Single-family homes are 71.4 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Teton County
SBA loans in Teton County (7(a) and 504)
- 7(a) approvals recorded4
- 7(a) gross approval dollars$1.9 m
- Average 7(a) approval$478,475
- Median 7(a) approval$158,000
- Largest single approval$1,546,900
- Jobs reported supported, 7(a)30
- Jobs per approval7.5
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals4
- Median 7(a) term210 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter2
- Franchise loans1
- Franchise share of approvals25.0 percent
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Teton County
SBA loan default and charge-off rates in Teton County
Do SBA loans in Teton County get paid back?
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Paid in full4
Only 4 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.
Teton County
SBA lending by place in Teton County
- Borrower cities with recorded lending2
- Choteau, approvals3
- Fairfield, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Choteau | 3 | $1,862,900 |
| Fairfield | 1 | $51,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Teton County
How large is Teton County?
- Land area2,272 sq mi
- Rank by land area among Montana counties31st of 56
- Width, east to west74.7 mi
- Height, north to south43.3 mi
- Geographies sharing a boundary5
- Residents per square mile of land3
- Establishments per square mile0.10
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.
Teton County
Flood risk in Teton County
- Participation of the county's own NFIP community Teton County, unincorporated areasParticipating, community 300168
- 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 Teton 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 Teton County (community 300168), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Teton 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. 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.
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 Teton 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 Teton County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20246,353
- Households2,469
- Average household size2.57
- Median household income$70,430
- Median age42.3
Common questions
Teton County questions, answered from the record.
How many people live in Teton County, Montana?
The Census Bureau estimates 6,444 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 6,353, in 2,469 households, ranking 32nd of 56 Montana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Teton County's population growing?
The population has grown 3.48 percent since the 2020 census base of 6,227, to 6,444 on July 1, 2024. In 2024 there were 70 births against 79 deaths, with net migration of 13. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Teton County?
$70,430. The median owner-occupied home is valued at $264,000, which is 3.7 times income, and median gross rent is $730 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Teton County?
232 establishments, employing 1,457 people with an annual payroll of $83.1 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 Teton County?
Wholesale trade is the largest private sector at 150 jobs, 8.4 percent of covered employment. Covered employment averages 1,784 jobs at an average annual pay of $43,842, or $843 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Teton County?
4 7(a) approvals totaling $1.9 m since FY2020, across 4 lenders, with a median approval of $158,000. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Teton County?
7 housing units were authorized by permit in 2024, with a declared construction value of $1.7 m. Multifamily was 28.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Teton 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 Teton County come from?
The largest single origin is Cascade County, with 46 households. Arriving households report an average income of $54,202 against $52,169 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Teton 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 Teton 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.
Teton County
Cities and places in Teton.
9 Census places lie wholly or partly in Teton County. All 9 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 |
|---|---|---|---|---|
| Choteau | city | 1,479 | 3 | Wholly in this county |
| Fairfield | town | 759 | 1 | Wholly in this county |
| Dutton | town | 268 | None recorded | Wholly in this county |
| Power | CDP | 217 | None recorded | Wholly in this county |
| New Rockport Colony | CDP | 110 | None recorded | Wholly in this county |
| Miller Colony | CDP | 67 | None recorded | Wholly in this county |
| Rockport Colony | CDP | 66 | None recorded | Wholly in this county |
| Bynum | CDP | 15 | None recorded | Wholly in this county |
| Pendroy | CDP | 13 | None recorded | Wholly in this county |
Nearby