Wolf Point, MT
Population 2,604 · Montana
About Wolf Point, MT
Wolf Point is a small town located in Montana with a population of 2,604 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,750 per year, which is 35% below the national median of $75,149. The median age of 32 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 Wolf Point features a median home value of $124,600, which is 49% below the national median of $244,900. This makes Wolf Point one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $730, 37% below the national average of $1,163/month. Of the 1,100 total housing units, 51% are owner-occupied (403 units) and 49% are renter-occupied (387 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Wolf Point shows an unemployment rate of 16.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 25.9%, above the national average of 12.4%. Workers in Wolf Point have an average one-way commute time of 12.7 minutes, one of the shorter commutes in the region.
Education & Demographics
11.7% of Wolf Point 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 4.6% White, 65.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.3% of the population being foreign-born.
How Wolf Point Ranks in Montana
Cost of Living in Wolf Point, MT
Compared to national averages, Wolf Point has a median household income of $48,750 (35% below the national median of $75,149). Home values average $124,600, which is 49% below the national median. Monthly rent at $730 is 37% below the US average of $1,163. Within Montana, Wolf Point's income is 26% below the state average of $65,821, and home values are 57% below the state median of $288,703.
Why Live in Wolf Point, MT?
Wolf Point offers affordable housing with a median home value of $124,600, below the US average of $244,900, and rent that’s lower than the national average at $730/month, and short commute times averaging just 12.7 minutes.
Potential considerations include median household income ($48,750) that falls below the national average. However, Wolf Point’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wolf Point has a population of 2,604 with a median age of 32 years. Compare Wolf Point with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Wolf Point
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Conrad | 2,553 | $47,348 | $158,400 | Compare |
| Lakeside | 2,730 | $83,958 | $589,500 | Compare |
| Red Lodge | 2,399 | $43,857 | $374,900 | Compare |
| Big Sky | 2,388 | $103,625 | $884,700 | Compare |
| King Arthur Park | 2,343 | $107,341 | $333,500 | Compare |
| North Browning | 2,894 | $40,813 | $131,300 | Compare |
| Montana City | 2,899 | $125,223 | $519,100 | Compare |
| Libby | 2,948 | $39,261 | $218,500 | 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 Wolf Point With Other Cities
Frequently Asked Questions about Wolf Point
What is the population of Wolf Point, MT?
The population of Wolf Point, MT is 2,604 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 Wolf Point?
The median household income in Wolf Point, MT is $48,750 per year, which is 35% below the national median of $75,149.
What is the median home value in Wolf Point?
The median home value in Wolf Point, MT is $124,600, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wolf Point?
The median monthly rent in Wolf Point, MT is $730, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Wolf Point?
The unemployment rate in Wolf Point, MT is 16.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wolf Point, MT a good place to live?
Wolf Point offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,604 and a median age of 32, the city appeals to young professionals and families.
How educated is Wolf Point, MT?
11.7% of residents in Wolf Point 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 Wolf Point?
Key cost-of-living indicators for Wolf Point, MT: median home value is $124,600 (49% below national), median rent is $730/month, and median household income is $48,750. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wolf Point?
The poverty rate in Wolf Point, MT is 25.9%, 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 Wolf Point, MT?
Wolf Point's population is 4.6% White, 65.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.3% of residents are foreign-born.