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Hot Springs, Montana Demographics & Population 2026

During the 2020–2024 ACS period, Hot Springs, Montana had a total population of 557, the 147th largest town in Montana, with a median household income of $21,300, which is 71% lower than the state average. The poverty rate is 29.2%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Hot Springs Quick Facts

Population 557
Median Household Income $21,300
Median Home Value $150,900
Poverty Rate 29.2%
Unemployment Rate 8.2%
Median Age 52.0 years
Homeownership Rate 64.2%
Affordability Ratio 7.1x
Bachelor's Degree or Higher 18.5%
High School Graduation Rate 87.6%
Diversity Index 27/100
Population 557 147th of 475
Median Income $21,300 bottom 10%
Poverty Rate 29.2% 134% higher than national
Median Home Value $150,900 bottom 20%

How Hot Springs Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population558557-0.2%
Median household income$21,319$21,300-0.1%
Median home value$139,100$150,900+8.5%

How Hot Springs Compares

Economy & Housing

Household Income Distribution

Under $25K 58.6%
$25K-$50K 14.9%
$50K-$100K 15.3%
$100K+ 11.2%
Detailed income brackets
Under $10K
11.2%
$10K-$15K
19.0%
$15K-$20K
14.9%
$20K-$25K
13.4%
$25K-$30K
3.4%
$30K-$35K
3.0%
$35K-$40K
2.6%
$40K-$45K
0.8%
$45K-$50K
5.2%
$50K-$60K
6.3%
$60K-$75K
5.2%
$75K-$100K
3.7%
$100K-$125K
7.8%
$125K-$150K
1.1%
$150K-$200K
1.5%
$200K+
0.8%

Employment

8.2% Unemployment Rate State: 3.6%|National: 5.2%
41.7% Labor Force Participation

Housing Overview

Owner 64.2%
Renter 35.8%
Affordability Index Very Expensive
7.1x home value to income ratio
Median gross rent $725/mo 40.8% of median household income annually

People & Demographics

Diversity Index

27out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 29 | National average: 61

Education

Hot Springs Rankings in Montana

#147 Population of 475
#336 Median Income of 341
#273 Education of 473
#258 Home Value of 320

Other Cities in Sanders County

CityPopulationMedian IncomePovertyHome Value
Thompson Falls 1,500 $46,313 6.5% $266,400
Plains 1,195 $25,491 31.2% $248,300
Heron 328 $29,207 59.8% $433,300
Dixon 281 $48,333 28.5% $234,400
Trout Creek 252 $64,853 0.0% N/A
Noxon 209 $60,167 0.0% $197,500
Weeksville 147 $64,333 0.0% $782,300
Old Agency 129 $45,750 52.7% N/A
Lonepine 122 $31,667 19.7% $375,000
Paradise 76 N/A 0.0% N/A

Cities Similar to Hot Springs

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Lindisfarne533N/A$653,80048.1%14.3%
Kerr463N/A$558,20046.2%27.9%
Brockton439N/A$62,5002.1%49.0%
Heart Butte521$31,389$46,30010.7%47.1%
Muddy724N/A$163,8006.2%52.3%

A note before these figures: with a population of 557, Hot Springs's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Hot Springs is a small community located in Montana, within Sanders County. The total population is 557. It ranks as the 147th most populous out of 475 Census-designated places in Montana.

Age Demographics

The median age in Hot Springs is 52.0 years. This is 29% higher than the state median of 40.4 years. Only 11.1% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Hot Springs is $21,300. This is 71% lower than the state median of $72,509. It is also 74% lower than the national median of $80,734. The poverty rate stands at 29.2%. This is 153% higher than the state poverty rate of 11.5%. 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 8.2%. This is 127% higher than the state rate of 3.6%. The median home value is $150,900. Housing costs are 60% lower than the state median of $375,800. The home-value-to-income ratio of 7.1x suggests that housing affordability is a significant concern for many residents. 64.2% of occupied housing units are owner-occupied. This homeownership rate is 7% lower than the state average of 69.2%.

Race & Ethnicity

The largest racial or ethnic group in Hot Springs is White (non-Hispanic), making up 84.7% of the population. Hispanic or Latino residents account for 3.0%. The Asian population (0.4%) is well below the state average of 0.8%.

Education

18.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 47% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.6%.

Data Sources & Methodology

All demographic data for Hot Springs, Montana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Montana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 475 Census-designated places in Montana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Hot Springs, Montana?

Hot Springs, Montana has a population of 557 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Hot Springs, MT?

The median household income in Hot Springs is $21,300, which is 74% lower than the national median of $80,734.

What is the poverty rate in Hot Springs, MT?

The poverty rate in Hot Springs is 29.2%. This means approximately 154 residents live below the federal poverty line.

What is the racial makeup of Hot Springs, Montana?

Hot Springs's population is 84.7% White, 0.4% Black, 3.0% Hispanic/Latino, and 0.4% Asian.

What is the median home value in Hot Springs, MT?

The median home value in Hot Springs is $150,900. The home-value-to-income ratio is 7.1x.

How educated is Hot Springs, Montana?

18.5% of adults (25+) in Hot Springs hold a bachelor's degree or higher, and 7.0% hold a graduate or professional degree.