Hobson, MT
Population 145 · Montana
About Hobson, MT
Hobson is a small community located in Montana with a population of 145 residents according to the latest US Census Bureau American Community Survey data. The median household income is $34,750 per year, which is 54% below the national median of $75,149. The median age of 66.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hobson features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Hobson one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $619, 47% below the national average of $1,163/month. Of the 93 total housing units, 85% are owner-occupied (63 units) and 15% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hobson shows an unemployment rate of 23.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 18.6%, above the national average of 12.4%. Workers in Hobson have an average one-way commute time of 17 minutes, one of the shorter commutes in the region.
Education & Demographics
24.3% of Hobson 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 2.1% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Hobson Ranks in Montana
Cost of Living in Hobson, MT
Compared to national averages, Hobson has a median household income of $34,750 (54% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $619 is 47% below the US average of $1,163. Within Montana, Hobson's income is 47% below the state average of $65,821, and home values are 61% below the state median of $288,703.
Why Live in Hobson, MT?
Hobson offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $619/month, and short commute times averaging just 17 minutes.
Potential considerations include median household income ($34,750) that falls below the national average. However, Hobson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hobson has a population of 145 with a median age of 66.4 years. Compare Hobson with other cities to see how it stacks up, or explore all cities in Montana.
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Demographics
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Economy & Education
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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 Hobson
What is the population of Hobson, MT?
The population of Hobson, MT is 145 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Hobson?
The median household income in Hobson, MT is $34,750 per year, which is 54% below the national median of $75,149.
What is the median home value in Hobson?
The median home value in Hobson, MT is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hobson?
The median monthly rent in Hobson, MT is $619, which is 47% below the national average of $1,163/month.
What is the unemployment rate in Hobson?
The unemployment rate in Hobson, MT is 23.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hobson, MT a good place to live?
Hobson offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 145 and a median age of 66.4, the city appeals to established professionals and retirees.
How educated is Hobson, MT?
24.3% of residents in Hobson 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 Hobson?
Key cost-of-living indicators for Hobson, MT: median home value is $112,500 (54% below national), median rent is $619/month, and median household income is $34,750. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hobson?
The poverty rate in Hobson, MT is 18.6%, 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 Hobson, MT?
Hobson's population is 2.1% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.