Hot Springs town, Montana Demographics & Population 2026

Population Overview

Hot Springs town is a small community located in Montana. The total population is 558. It ranks as the 146th most populous out of 470 cities and towns in Montana.

Age Demographics

The median age in Hot Springs town is 53.9 years. This is 34% higher than the state median of 40.2 years. Only 11.3% of residents are under 18, indicating fewer families with children. 12.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Hot Springs town is $21,319. This is 70% lower than the state median of $69,922. Compared to the national median of $78,538, household income here is 73% lower. The poverty rate stands at 23.7%. This is 96% higher than the state poverty rate of 12.0%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 10.5%. This is 180% higher than the state rate of 3.8%. The median home value is $139,100. Housing costs are 59% lower than the state median of $338,100. The home-value-to-income ratio of 6.5x suggests that housing affordability is a significant concern for many residents. 61.2% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 69.4%.

Race & Ethnicity

The largest racial or ethnic group in Hot Springs town is White (non-Hispanic), making up 84.6% of the population. Hispanic or Latino residents account for 4.8%. The Asian population (0.4%) is well below the state average of 0.8%.

Education

14.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 57% lower than the state rate of 34.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.9%.

Data Sources & Methodology

All demographic data for Hot Springs town, Montana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Montana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 470 Census-designated places in Montana. For official data, visit data.census.gov.