Hot Springs, MT
Population 558 · Montana
About Hot Springs, MT
Hot Springs is a small community in Montana with a population of 558 residents. The median household income is $21,319 per year, which is below the national average. The median age in Hot Springs is 53.9 years.
Housing in Hot Springs has a median home value of $139,100 and median monthly rent of $683. Of the 357 total housing units, the majority are owner-occupied, with 167 owner-occupied and 106 renter-occupied units.
The unemployment rate in Hot Springs is 10.5% and the poverty rate is 23.7%. 14.7% of residents hold a bachelor's degree or higher. The average commute time is 14.6 minutes.
Cost of Living in Hot Springs, MT
Compared to national averages, Hot Springs has a median household income of $21,319 (72% below the national median of $75,149). Home values average $139,100, which is 43% below the national median. Monthly rent at $683 is 41% below the US average of $1,163. Within Montana, Hot Springs's income is 68% below the state average of $65,821, and home values are 52% below the state median of $288,703.
Why Live in Hot Springs, MT?
Hot Springs offers affordable housing with a median home value of $139,100, below the US average of $244,900, and rent that’s lower than the national average at $683/month, and short commute times averaging just 14.6 minutes.
Potential considerations include median household income ($21,319) that falls below the national average. However, Hot Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hot Springs has a population of 558 with a median age of 53.9 years. Compare Hot Springs with other cities to see how it stacks up, or explore all cities in Montana.
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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 Hot Springs
What is the population of Hot Springs, MT?
The population of Hot Springs, MT is 558 according to the latest Census data.
What is the median household income in Hot Springs?
The median household income in Hot Springs, MT is $21,319 per year.
What is the median home value in Hot Springs?
The median home value in Hot Springs, MT is $139,100.
What is the average rent in Hot Springs?
The median monthly rent in Hot Springs, MT is $683.
What is the unemployment rate in Hot Springs?
The unemployment rate in Hot Springs, MT is 10.5%.