Living in Red Lodge, Montana
Cost of living, income, home prices, rent and demographics of Red Lodge · Census data 2020–2024
Red Lodge has 2,502 residents with a median age of 59.7. The median household income is $55,750 (23% lower than the Montana median), the median home value is $380,700, the median rent is $717/month.
Red Lodge at a glance
- Population
- 2,502
- Median age
- 59.7State: 40.4
- Median household income
- $55,750State: $72,509
- Median home value
- $380,700State: $375,800
- Median rent
- $717/moState: $1,081
- Homeowners
- 66.2%
- Bachelor's degree or higher
- 46.3%
- Average commute
- 19 min
Is Red Lodge a good place to live?
Pros: An average commute of 19 minutes; unemployment of 2.8%; a poverty rate of 6.7%.
Cons: Median household income 23% lower than the Montana median; home values about the same as the state median.
The weather is best in June to September.
Cost of living in Red Lodge
Housing is the biggest part of the cost of living. In Red Lodge the median home value is $380,700, 14% higher than the U.S. median. Renters pay a median of $717 per month, which is 23.1% of household income. Homeowners with a mortgage pay $1,723 a month in housing costs.
Red Lodge median household income
The median household income in Red Lodge is $55,750 and the income per person is $52,568. 6.7% of residents live below the poverty line (Montana: 11.5%).
Housing in Red Lodge: homes for sale and rent
- Housing units
- 2,012
- Owner-occupied
- 66.2%
- Renter-occupied
- 33.8%
- Vacant
- 31%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 1.75
31% of homes are vacant most of the year, a sign that Red Lodge has many vacation and second homes.
Red Lodge demographics
- Population
- 2,502
- Median age
- 59.7
- Under 18
- 11.5%
- 65 and older
- 33.8%
- Households
- 1,389
- Foreign-born
- 1%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Red Lodge ›
Education in Red Lodge
46.3% of adults 25 and older in Red Lodge have a bachelor's degree or higher (Montana: 35.2%), and 17.7% have a graduate or professional degree.
Jobs and commute in Red Lodge
- Unemployment rate
- 2.8%State: 3.6%
- Average commute
- 19 minState: 19 min
- Work from home
- 7.7%
- Drive alone
- 61.7%
- Public transit
- 9.5%
- Walk to work
- 9.1%
- Homes with broadband
- 86.6%
Red Lodge vs nearby towns
More for people moving to Red Lodge
Red Lodge ZIP code ›Weather and climate ›Living in Red Lodge: FAQ
What is the median household income in Red Lodge, MT?
The median household income in Red Lodge is $55,750, 23% lower than the Montana median of $72,509 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Red Lodge?
The median home value in Red Lodge is $380,700, compared with $375,800 in Montana.
How much is rent in Red Lodge?
The median gross rent in Red Lodge is $717 per month, about 23.1% of household income.
Is Red Lodge, MT a good place to live?
Pluses: an average commute of 19 minutes; unemployment of 2.8%; a poverty rate of 6.7%. Minuses: median household income 23% lower than the Montana median; home values about the same as the state median.
What is the median age in Red Lodge?
The median age in Red Lodge is 59.7 years (Montana: 40.4).
How long is the commute in Red Lodge?
The average commute to work in Red Lodge is 19 minutes; 7.7% of workers work from home.
What is the unemployment rate in Red Lodge?
The unemployment rate in Red Lodge is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Red Lodge?
46.3% of adults in Red Lodge have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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