Lolo, MT
Population 4,378 · Montana
About Lolo, MT
Lolo is a small town located in Montana with a population of 4,378 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,700 per year, which is 2% below the national median of $75,149. The median age of 32.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lolo features a median home value of $353,700, which is 44% above the national median of $244,900. This positions Lolo in a moderately priced market relative to the rest of the country. Median monthly rent is $1,126, 3% below the national average of $1,163/month. Of the 1,826 total housing units, 77% are owner-occupied (1,398 units) and 23% are renter-occupied (428 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lolo shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lolo have an average one-way commute time of 24.6 minutes.
Education & Demographics
40.3% of Lolo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.8% White, 3.6% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 0.8% of the population being foreign-born.
How Lolo Ranks in Montana
Cost of Living in Lolo, MT
Compared to national averages, Lolo has a median household income of $73,700 (2% below the national median of $75,149). Home values average $353,700, which is 44% above the national median. Monthly rent at $1,126 is 3% below the US average of $1,163. Within Montana, Lolo's income is 12% above the state average of $65,821, and home values are 23% above the state median of $288,703.
Why Live in Lolo, MT?
Lolo offers rent that’s lower than the national average at $1,126/month, and a strong job market with an unemployment rate of just 1.9%, and a well-educated community where 40.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.2%, better than the national average, and short commute times averaging just 24.6 minutes.
Potential considerations include median household income ($73,700) that falls below the national average. However, Lolo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lolo has a population of 4,378 with a median age of 32.7 years. Compare Lolo with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Lolo
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Helena Valley Northeast | 4,398 | $137,724 | $462,400 | Compare |
| Malmstrom AFB | 4,191 | $64,079 | $0 | Compare |
| Dillon | 4,020 | $51,458 | $237,500 | Compare |
| Glendive | 4,831 | $71,063 | $176,900 | Compare |
| Hamilton | 4,949 | $52,917 | $299,800 | Compare |
| Hardin | 3,766 | $60,463 | $142,800 | Compare |
| Helena Valley Northwest | 5,070 | $101,278 | $358,600 | Compare |
| Bigfork | 5,249 | $82,648 | $614,300 | 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 Lolo With Other Cities
Frequently Asked Questions about Lolo
What is the population of Lolo, MT?
The population of Lolo, MT is 4,378 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Montana.
What is the median household income in Lolo?
The median household income in Lolo, MT is $73,700 per year, which is 2% below the national median of $75,149.
What is the median home value in Lolo?
The median home value in Lolo, MT is $353,700, which is 44% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lolo?
The median monthly rent in Lolo, MT is $1,126, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Lolo?
The unemployment rate in Lolo, MT is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lolo, MT a good place to live?
Lolo offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 4,378 and a median age of 32.7, the city appeals to young professionals and families.
How educated is Lolo, MT?
40.3% of residents in Lolo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lolo?
Key cost-of-living indicators for Lolo, MT: median home value is $353,700 (44% above national), median rent is $1,126/month, and median household income is $73,700. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Lolo?
The poverty rate in Lolo, MT is 7.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lolo, MT?
Lolo's population is 4.8% White, 3.6% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 0.4% two or more races. 0.8% of residents are foreign-born.