Natrona County, Wyoming: commercial real estate data.
Natrona County, Wyoming had an estimated 80,410 residents on July 1, 2024, up 0.6 percent since the 2020 census base of 79,964, across 5,340 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Natrona County
How many people live in Natrona County
- Population, American Community Survey 2020-202479,977
- 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-equivalents, Puerto Rico included728th of 3,222
Natrona County is the 2nd largest of 23 Wyoming counties by population. A median home costs 3.8 times median household income, which is moderately unaffordable 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's population growing?
- Population, July 1, 202480,410
- Census 2020 base population79,964
- Population change since the 2020 census base0.56 percent
- Population change, 2023 to 2024442
- 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 of 3,144
The county has grown 0.56 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Natrona County
Where are people moving to Natrona County from?
- Tax returns filed by households arriving2,092
- People arriving, from those returns3,803
- Tax returns filed by households leaving1,911
- Net household movement181
- Adjusted gross income arriving$200.4 m
- Net adjusted gross income movement$67.8 m
- Average income of an arriving household$95,810
- Average income of a leaving household$69,386
- Largest single originConverse County (107 households)
- Largest single destinationConverse County (95 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Converse County | 107 | 176 | $4.2 m |
| Fremont County | 64 | 112 | $2.5 m |
| Laramie County | 60 | 88 | $3.0 m |
| Albany County | 54 | 69 | $1.7 m |
| Campbell County | 49 | 100 | $5.9 m |
| Weld County | 41 | 86 | $2.8 m |
| Larimer County | 39 | 60 | $2.1 m |
| Clark County | 35 | 55 | $2.3 m |
Households arriving report $26,424 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 Converse 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.
Natrona County
What is the Natrona County economy?
- 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 the Wyoming areas BEA publishes2nd of 23
- Rank by GDP among the US county areas BEA publishes594th of 3,127
- 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
Employment by industry in Natrona County
- Covered employment, annual average40,029
- Establishments reporting3,966
- Average annual pay$61,394
- Average weekly wage$1,181
- Health care and social assistance, employment6,103
- Health care and social assistance, average annual pay$61,683
- Retail trade, employment4,639
- Retail trade, average annual pay$38,839
- Accommodation and food services, employment4,131
- Accommodation and food services, average annual pay$23,182
- Construction, employment3,261
- Construction, average annual pay$77,045
- Wholesale trade, employment2,196
- Mining, quarrying, and oil and gas extraction, employment2,111
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 6,103 | 558 | $61,683 |
| Retail trade | 4,639 | 332 | $38,839 |
| Accommodation and food services | 4,131 | 209 | $23,182 |
| Construction | 3,261 | 386 | $77,045 |
| Wholesale trade | 2,196 | 308 | $84,201 |
| Mining, quarrying, and oil and gas extraction | 2,111 | 166 | $112,047 |
| Manufacturing | 1,994 | 114 | $75,042 |
| Transportation and warehousing | 1,743 | 125 | $80,952 |
Health care and social assistance is the largest private sector at 6,103 jobs, 15.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Natrona County
How many businesses are 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. 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.
Natrona County
Building permits in Natrona County
- Housing units authorized by permit, 2024310
- Declared construction value permitted$57.8 m
- Single family units authorized206
- Multifamily units authorized104
- Multifamily share of units33.5 percent
- Average declared value per unit$186,533
- Units authorized per 1,000 households9.1
Single-family homes are 66.5 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Natrona County
SBA loans in Natrona County (7(a) and 504)
- 7(a) approvals recorded74
- 7(a) gross approval dollars$33.6 m
- Average 7(a) approval$454,153
- Median 7(a) approval$202,500
- 10th percentile approval$30,200
- 90th percentile approval$1,699,900
- 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$508,500
- Distinct CDCs active3
- 504 jobs per approval8.8
- 504 jobs per million dollars approved8.2
- Most active CDCWyoming Capital Access (28)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$76.5 m
The average approval of $454,153 sits well above the median of $202,500, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in Natrona County
Do SBA loans in Natrona County get paid back?
- Loans with a final outcome recorded14
- Paid in full13
- Charged off1
- Status: Paid in full13
- Status: Exempt from disclosure37
- Status: Charged off1
- Status: Cancelled17
- Status: Committed, not yet disbursed6
Only 14 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.
Natrona County
SBA lending by place in Natrona County
- Borrower cities with recorded lending4
- Casper, approvals67
- Mills, approvals3
- Evansville, approvals3
- Bar Nunn, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Casper | 67 | $32,689,100 |
| Mills | 3 | $357,200 |
| Evansville | 3 | $331,000 |
| Bar Nunn | 1 | $230,000 |
Casper accounts for 67 approvals against 3 in Mills. 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 large 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.
Natrona County
Flood risk in Natrona County
- Participation of the county's own NFIP community Natrona County, unincorporated areasParticipating, community 560036
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 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 Natrona 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 Natrona County (community 560036), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Natrona 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. 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 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.
- Population, American Community Survey 2020-202479,977
- 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?
The Census Bureau estimates 80,410 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 0.56 percent since the 2020 census base of 79,964, to 80,410 on July 1, 2024. 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 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 employment by industry in Natrona County?
Health care and social assistance is the largest private sector at 6,103 jobs, 15.2 percent of covered employment. Covered employment averages 40,029 jobs at an average annual pay of $61,394, or $1,181 a week. 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 totaling $33.6 m since FY2020, across 26 lenders, with a median approval of $202,500, plus 40 504 approvals worth $42.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Natrona County?
310 housing units were authorized 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 Converse County, with 107 households. Arriving households report an average income of $95,810 against $69,386 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?
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.
Natrona County
Cities and places in Natrona.
18 Census places lie wholly or partly in Natrona County. 16 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.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Casper | city | 58,839 | 67 | Wholly in this county |
| Mills | town | 4,390 | 3 | Wholly in this county |
| Bar Nunn | town | 3,008 | 1 | Wholly in this county |
| Evansville | town | 2,779 | 3 | Wholly in this county |
| Hartrandt | CDP | 975 | None recorded | Wholly in this county |
| Vista West | CDP | 953 | None recorded | Wholly in this county |
| Red Butte | CDP | 580 | None recorded | Wholly in this county |
| Casper Mountain | CDP | 435 | None recorded | Wholly in this county |
| Midwest | town | 267 | None recorded | Wholly in this county |
| Homa Hills | CDP | 235 | None recorded | Wholly in this county |
| Bessemer Bend | CDP | 143 | None recorded | Wholly in this county |
| Meadow Acres | CDP | 124 | None recorded | Wholly in this county |
| Alcova | CDP | 99 | None recorded | Wholly in this county |
| Brookhurst | CDP | 99 | None recorded | Wholly in this county |
| Edgerton | town | 87 | None recorded | Wholly in this county |
| Antelope Hills | CDP | 72 | None recorded | Wholly in this county |
| Mountain View | CDP | 0 | None recorded | Wholly in this county |
| Powder River | CDP | 0 | None recorded | Wholly in this county |
Nearby