Charlo, MT
Population 344 · Montana
About Charlo, MT
Charlo is a small community located in Montana with a population of 344 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,107 per year, which is 48% below the national median of $75,149. The median age of 45.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Charlo features a median home value of $162,500, which is 34% below the national median of $244,900. This positions Charlo in a moderately priced market relative to the rest of the country. Median monthly rent is $833, 28% below the national average of $1,163/month. Of the 172 total housing units, 62% are owner-occupied (93 units) and 38% are renter-occupied (56 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Charlo shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.0%, above the national average of 12.4%. Workers in Charlo have an average one-way commute time of 30.6 minutes.
Education & Demographics
16.7% of Charlo 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 2.3% White, 14.8% Hispanic or Latino, 0.0% Black or African American, and 2.9% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Charlo, MT
Compared to national averages, Charlo has a median household income of $39,107 (48% below the national median of $75,149). Home values average $162,500, which is 34% below the national median. Monthly rent at $833 is 28% below the US average of $1,163. Within Montana, Charlo's income is 41% below the state average of $65,821, and home values are 44% below the state median of $288,703.
Why Live in Charlo, MT?
Charlo offers affordable housing with a median home value of $162,500, below the US average of $244,900, and rent that’s lower than the national average at $833/month, and a strong job market with an unemployment rate of just 3.6%.
Potential considerations include median household income ($39,107) that falls below the national average. However, Charlo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Charlo has a population of 344 with a median age of 45.5 years. Compare Charlo with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Charlo
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Regis | 344 | $50,833 | $186,100 | Compare |
| Frazer | 346 | $33,750 | $28,200 | Compare |
| Trout Creek | 340 | $62,162 | $226,400 | Compare |
| Parker School | 357 | $43,000 | $42,800 | Compare |
| Basin | 360 | $49,167 | $228,600 | Compare |
| Simms | 326 | $95,938 | $193,900 | Compare |
| Rudyard | 363 | $86,250 | $93,800 | Compare |
| Clyde Park | 364 | $57,813 | $237,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Charlo With Other Cities
Frequently Asked Questions about Charlo
What is the population of Charlo, MT?
The population of Charlo, MT is 344 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Charlo?
The median household income in Charlo, MT is $39,107 per year, which is 48% below the national median of $75,149.
What is the median home value in Charlo?
The median home value in Charlo, MT is $162,500, which is 34% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Charlo?
The median monthly rent in Charlo, MT is $833, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Charlo?
The unemployment rate in Charlo, MT is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Charlo, MT a good place to live?
Charlo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 344 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Charlo, MT?
16.7% of residents in Charlo 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 Charlo?
Key cost-of-living indicators for Charlo, MT: median home value is $162,500 (34% below national), median rent is $833/month, and median household income is $39,107. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Charlo?
The poverty rate in Charlo, MT is 14.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Charlo, MT?
Charlo's population is 2.3% White, 14.8% Hispanic or Latino, 0.0% Black or African American, 2.9% Asian, and 1.2% two or more races. 1.7% of residents are foreign-born.