Lamont, IA
Population 503 · Iowa
About Lamont, IA
Lamont is a small community located in Iowa with a population of 503 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,250 per year, which is 25% below the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lamont features a median home value of $91,700, which is 63% below the national median of $244,900. This makes Lamont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $836, 28% below the national average of $1,163/month. Of the 206 total housing units, 76% are owner-occupied (152 units) and 24% are renter-occupied (48 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lamont shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lamont have an average one-way commute time of 33.4 minutes.
Education & Demographics
7.6% of Lamont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.8% White, 6.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Lamont, IA
Compared to national averages, Lamont has a median household income of $56,250 (25% below the national median of $75,149). Home values average $91,700, which is 63% below the national median. Monthly rent at $836 is 28% below the US average of $1,163. Within Iowa, Lamont's income is 17% below the state average of $67,947, and home values are 31% below the state median of $132,237.
Why Live in Lamont, IA?
Lamont offers affordable housing with a median home value of $91,700, below the US average of $244,900, and rent that’s lower than the national average at $836/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a low poverty rate of 11.1%, better than the national average.
Potential considerations include median household income ($56,250) that falls below the national average. However, Lamont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lamont has a population of 503 with a median age of 38.3 years. Compare Lamont with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lamont
What is the population of Lamont, IA?
The population of Lamont, IA is 503 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Lamont?
The median household income in Lamont, IA is $56,250 per year, which is 25% below the national median of $75,149.
What is the median home value in Lamont?
The median home value in Lamont, IA is $91,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lamont?
The median monthly rent in Lamont, IA is $836, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Lamont?
The unemployment rate in Lamont, IA is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lamont, IA a good place to live?
Lamont offers a moderate cost of living, affordable housing, and a strong job market. With a population of 503 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Lamont, IA?
7.6% of residents in Lamont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lamont?
Key cost-of-living indicators for Lamont, IA: median home value is $91,700 (63% below national), median rent is $836/month, and median household income is $56,250. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lamont?
The poverty rate in Lamont, IA is 11.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lamont, IA?
Lamont's population is 5.8% White, 6.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 0.6% of residents are foreign-born.