Medicine Lake, MT
Population 190 · Montana
About Medicine Lake, MT
Medicine Lake is a small community in Montana with a population of 190 residents. The median household income is $41,000 per year, which is below the national average. The median age in Medicine Lake is 49.8 years.
Housing in Medicine Lake has a median home value of $95,000 and median monthly rent of $492. Of the 143 total housing units, the majority are owner-occupied, with 79 owner-occupied and 31 renter-occupied units.
The unemployment rate in Medicine Lake is 3.3% and the poverty rate is 12.3%. 21.6% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
How Medicine Lake Ranks in Montana
Cost of Living in Medicine Lake, MT
Compared to national averages, Medicine Lake has a median household income of $41,000 (45% below the national median of $75,149). Home values average $95,000, which is 61% below the national median. Monthly rent at $492 is 58% below the US average of $1,163. Within Montana, Medicine Lake's income is 38% below the state average of $65,821, and home values are 67% below the state median of $288,703.
Why Live in Medicine Lake, MT?
Medicine Lake offers affordable housing with a median home value of $95,000, below the US average of $244,900, and rent that’s lower than the national average at $492/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a low poverty rate of 12.3%, better than the national average, and short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($41,000) that falls below the national average. However, Medicine Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Medicine Lake has a population of 190 with a median age of 49.8 years. Compare Medicine Lake with other cities to see how it stacks up, or explore all cities in Montana.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Medicine Lake
What is the population of Medicine Lake, MT?
The population of Medicine Lake, MT is 190 according to the latest Census data.
What is the median household income in Medicine Lake?
The median household income in Medicine Lake, MT is $41,000 per year.
What is the median home value in Medicine Lake?
The median home value in Medicine Lake, MT is $95,000.
What is the average rent in Medicine Lake?
The median monthly rent in Medicine Lake, MT is $492.
What is the unemployment rate in Medicine Lake?
The unemployment rate in Medicine Lake, MT is 3.3%.