Carbon County, Wyoming: commercial real estate data.
Carbon County, Wyoming had an estimated 14,250 residents on July 1, 2024, down 1.9 percent since the 2020 census base of 14,532, across 7,898 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Carbon County
How many people live in Carbon County
- Population, American Community Survey 2020-202414,463
- 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-equivalents, Puerto Rico included2190th of 3,222
Carbon County is the 12th largest of 23 Wyoming counties by population. A median home costs 3.2 times median household income, which is moderately unaffordable 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's population growing?
- Population, July 1, 202414,250
- Census 2020 base population14,532
- Population change since the 2020 census base-1.94 percent
- Population change, 2023 to 2024-67
- 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 of 3,144
The county has lost 1.94 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Carbon County
Where are people moving to Carbon County from?
- Tax returns filed by households arriving416
- People arriving, from those returns771
- Tax returns filed by households leaving497
- Net household movement-81
- Adjusted gross income arriving$42.1 m
- Net adjusted gross income movement$5.7 m
- Average income of an arriving household$101,130
- Average income of a leaving household$73,195
- Largest single originAlbany County (30 households)
- Largest single destinationLaramie County (39 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Albany County | 30 | 34 | $1.4 m |
| Laramie County | 28 | 56 | $1.6 m |
| Sweetwater County | 22 | 43 | $1.0 m |
| Natrona County | 21 | 36 | $1.5 m |
Households arriving report $27,935 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 Albany 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.
Carbon County
What is the Carbon County economy?
- 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 the Wyoming areas BEA publishes11th of 23
- Rank by GDP among the US county areas BEA publishes1319th of 3,127
- 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
Employment by industry in Carbon County
- Covered employment, annual average6,532
- Establishments reporting687
- Average annual pay$60,308
- Average weekly wage$1,160
- Retail trade, employment727
- Retail trade, average annual pay$36,450
- Manufacturing, employment645
- Manufacturing, average annual pay$131,331
- Construction, employment587
- Construction, average annual pay$88,024
- Health care and social assistance, employment396
- Health care and social assistance, average annual pay$43,682
- Agriculture, forestry, fishing and hunting, employment185
- Transportation and warehousing, employment158
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 727 | 70 | $36,450 |
| Manufacturing | 645 | 13 | $131,331 |
| Construction | 587 | 74 | $88,024 |
| Health care and social assistance | 396 | 64 | $43,682 |
| Agriculture, forestry, fishing and hunting | 185 | 29 | $49,613 |
| Transportation and warehousing | 158 | 32 | $77,900 |
| Administrative and support and waste management services | 156 | 37 | $49,237 |
| Professional, scientific and technical services | 135 | 52 | $69,373 |
Retail trade is the largest private sector at 727 jobs, 11.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Carbon County
How many businesses are 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. 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.
Carbon County
Building permits in Carbon County
- Housing units authorized by permit, 202435
- Declared construction value permitted$9.4 m
- Single family units authorized35
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$267,762
- Units authorized per 1,000 households5.7
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Carbon County
SBA loans in Carbon County (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$6.1 m
- Average 7(a) approval$677,889
- Median 7(a) approval$727,000
- 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
- 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
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$8.0 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.
Carbon County
SBA loan default and charge-off rates in 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
Only 3 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.
Carbon County
SBA lending by place in Carbon County
- Borrower cities with recorded lending2
- Rawlins, approvals8
- Baggs, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Rawlins | 8 | $5,374,000 |
| Baggs | 1 | $727,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Carbon County
How large 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 boundary8
- 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.
Carbon County
Flood risk in Carbon County
- Participation of the county's own NFIP community Carbon County, unincorporated areasParticipating, community 560008
- Communities in the county in the NFIP Community Status Book11
- Of those, participating in the NFIP8
- NFIP participation rate72.7 percent
- Communities carrying a CRS class0
- Radon levels in Carbon 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 Carbon County (community 560008), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Carbon 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. 72.7 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 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.
- Population, American Community Survey 2020-202414,463
- 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?
The Census Bureau estimates 14,250 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has fallen 1.94 percent since the 2020 census base of 14,532, to 14,250 on July 1, 2024. 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 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 employment by industry in Carbon County?
Retail trade is the largest private sector at 727 jobs, 11.1 percent of covered employment. Covered employment averages 6,532 jobs at an average annual pay of $60,308, or $1,160 a week. 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 totaling $6.1 m since FY2020, across 9 lenders, with a median approval of $727,000, plus 3 504 approvals worth $1.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Carbon County?
35 housing units were authorized 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 Albany County, with 30 households. Arriving households report an average income of $101,130 against $73,195 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?
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.
Carbon County
Cities and places in Carbon.
12 Census places lie wholly or partly in Carbon County. All 12 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 |
|---|---|---|---|---|
| Rawlins | city | 8,129 | 8 | Wholly in this county |
| Saratoga | town | 1,740 | None recorded | Wholly in this county |
| Hanna | town | 789 | None recorded | Wholly in this county |
| Encampment | town | 466 | None recorded | Wholly in this county |
| Baggs | town | 443 | 1 | Wholly in this county |
| Medicine Bow | town | 442 | None recorded | Wholly in this county |
| Sinclair | town | 362 | None recorded | Wholly in this county |
| Dixon | town | 267 | None recorded | Wholly in this county |
| Elk Mountain | town | 99 | None recorded | Wholly in this county |
| Riverside | town | 59 | None recorded | Wholly in this county |
| Arlington | CDP | 29 | None recorded | Wholly in this county |
| Ryan Park | CDP | 13 | None recorded | Wholly in this county |