 Some 95.2% of the population was born in Australia, with immigrants coming from New Zealand, United States of America and England.Agriculture, predominantly cereal cropping and to a lesser extent, sheep grazing, is still the area's main economic input, with a minor input from tourism during school holidays.Mining potential in the area is showing promise, with iron ore having been discovered in banded iron formations only 20 km to the southeast at Wilgerup by Centrex Metals Ltd.

Iron Road Ltd is also proposing to mine magnetite north of Lock.