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The total population of Hot Springs is estimated to be 613 with 347 males (56.61%) and 266 females (43.39%). There are 81 less females than males in Hot Springs.
The median household income in Hot Springs was $21,250 in 2021, which marked an an increase of 1,481(7.49%) from $19,769 in 2020. This income is 28.48% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Hot Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $24,827. Overall, the median household income for the town of Hot Springs stands at $21,250.
In Hot Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $15,913 for males and $16,117 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,763 for males and $43,387 for females.
In Hot Springs, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $30,625, followed by White households at $21,831, and American Indian and Alaska Native households with a median household income of $12,836.
In 2022, the population of Hot Springs was 603, a 3.43% increase year-by-year from 2021. Previously, in 2021, Hot Springs's population was 583, an increase of 3.74% compared to a population of 562 in 2020.
The median age in Hot Springs, MT is 52.0, as per 2021 ACS 5-Year Estimates. Of the total population, 5.02% were under the age of 15, 21.20% aged 15 to 29, 41.75% aged 30 to 64, 28.32% aged 65 to 84, and 3.72% were 85 years of age and older.
Racial distribution of Hot Springs population: 92.56% are White, 2.75% are American Indian and Alaska Native and 4.69% are multiracial.