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Hot Springs, Montana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
557
Population
$21,300
Median Income
$150,900
Home Value
52.0
Median Age

Demographics

Hot Springs has a population of 557 with a median age of 52.0. Here is the racial and ethnic breakdown of the population:

White
84.7%
Other
11.4%
Hispanic
3.1%
Demographic Value
Total Population557
Median Age52.0
White84.7%
Black or African American0.4%
Asian0.4%
Hispanic or Latino3.1%
Other / Two or More Races11.4%
Hot Springs, Montana — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 84.7%Other: 11.4%Hispanic/Latino: 3.1%Other: 0.8%557PopulationWhiteWhite84.7%OtherOther11.4%Hispanic/LatinoHispanic/Latino3.1%OtherOther0.8%

Income & Economy

The median household income in Hot Springs is $21,300, which is 73.6% below the national median of $80,610. The per capita income is $19,365. The poverty rate is 29.2%.

$21,300
Median Household Income
$19,365
Per Capita Income
29.2%
Poverty Rate

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Education

In Hot Springs, 87.6% of residents age 25+ have a high school diploma or higher, and 18.5% hold a bachelor's degree or higher (7.0% with a graduate or professional degree).

HS Diploma+
87.6%
Bachelor's+
18.5%
Graduate+
7.0%
Education Level % of Adults (25+)
High School Diploma or Higher87.6%
Bachelor's Degree or Higher18.5%
Graduate or Professional Degree7.0%

Housing

The median home value in Hot Springs is $150,900, below the national median of $303,400. The median monthly rent is $725. The homeownership rate is 64.2%.

$150,900
Median Home Value
$725/mo
Median Rent
64.2%
Homeownership Rate
Housing Metric Value
Median Home Value$150,900
Median Monthly Rent$725
Homeownership Rate64.2%
Vacancy Rate20.7%

Salaries in Montana

Explore salary data for popular occupations in Montana:

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Other Cities in Montana

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Frequently Asked Questions

What is the population of Hot Springs, Montana?
The population of Hot Springs, Montana is 557 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hot Springs, Montana?
The median household income in Hot Springs, Montana is $21,300. This is 73.6% below the national median of $80,610.
What is the median home value in Hot Springs, Montana?
The median home value in Hot Springs, Montana is $150,900. The median monthly rent is $725.
What percentage of people in Hot Springs have a college degree?
In Hot Springs, Montana, 18.5% of adults age 25 and older hold a bachelor's degree or higher, and 87.6% have a high school diploma or higher.
Is Hot Springs, Montana an affordable place to live?
The home price-to-income ratio in Hot Springs, Montana is 7.1x (median home value $150,900 vs. median income $21,300), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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