Red Lodge, MT
Population 2,399 · Montana
About Red Lodge, MT
Red Lodge is a small community in Montana with a population of 2,399 residents. The median household income is $43,857 per year, which is below the national average. The median age in Red Lodge is 57.9 years.
Housing in Red Lodge has a median home value of $374,900 and median monthly rent of $805. Of the 1,944 total housing units, the majority are owner-occupied, with 854 owner-occupied and 560 renter-occupied units.
The unemployment rate in Red Lodge is 4.1% and the poverty rate is 7.0%. 44.7% of residents hold a bachelor's degree or higher. The average commute time is 15.6 minutes.
How Red Lodge Ranks in Montana
Cost of Living in Red Lodge, MT
Compared to national averages, Red Lodge has a median household income of $43,857 (42% below the national median of $75,149). Home values average $374,900, which is 53% above the national median. Monthly rent at $805 is 31% below the US average of $1,163. Within Montana, Red Lodge's income is 33% below the state average of $65,821, and home values are 30% above the state median of $288,703.
Why Live in Red Lodge, MT?
Red Lodge offers rent that’s lower than the national average at $805/month, and a well-educated community where 44.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.0%, better than the national average. Additionally, the city features short commute times averaging just 15.6 minutes.
Potential considerations include median household income ($43,857) that falls below the national average, and a competitive housing market where the typical home costs $374,900. However, Red Lodge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Red Lodge has a population of 2,399 with a median age of 57.9 years. Compare Red Lodge with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Red Lodge
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Big Sky | 2,388 | $103,625 | $884,700 | Compare |
| King Arthur Park | 2,343 | $107,341 | $333,500 | Compare |
| Conrad | 2,553 | $47,348 | $158,400 | Compare |
| Townsend | 2,232 | $70,774 | $212,800 | Compare |
| Wolf Point | 2,604 | $48,750 | $124,600 | Compare |
| Stevensville | 2,172 | $52,745 | $336,500 | Compare |
| Colstrip | 2,156 | $86,000 | $193,700 | Compare |
| Manhattan | 2,149 | $69,671 | $460,400 | 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.
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Frequently Asked Questions about Red Lodge
What is the population of Red Lodge, MT?
The population of Red Lodge, MT is 2,399 according to the latest Census data.
What is the median household income in Red Lodge?
The median household income in Red Lodge, MT is $43,857 per year.
What is the median home value in Red Lodge?
The median home value in Red Lodge, MT is $374,900.
What is the average rent in Red Lodge?
The median monthly rent in Red Lodge, MT is $805.
What is the unemployment rate in Red Lodge?
The unemployment rate in Red Lodge, MT is 4.1%.