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Hot Springs, Montana

town · Sanders County

At a glance

557
Population
$150,900
Median home value (all homes)
50% below U.S. median
$266,024
Typical market value
Zillow, 2026-07
$725/mo
Median rent
46% below U.S. median
$21,300
Median household income
73% below U.S. median
10.9 min
Average commute
75%
Homes with broadband
84.8%
Locations with fiber available
8.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 80 — 20% below the national average. how it's computed

Housing33% below
Goods & services5% below
Utilities22% below
Taxes60% below
Insurance14% below
Commute cost60% below
For business: Montana is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college26 mi
Nearest community college46 mi
Nearest technical college44 mi
High school graduates87.6%
College graduates18.5%

Doing business here

Economic development contacts, most local first:

state Montana Business Assistance Connection
MBAC is a non-profit economic development organization in Helena that helps businesses start up, improve, expand, relocate, or transition to new ownership, offering loans, incubator space, sites, development technical assistance, and market information.
state Montana Department of Commerce
Montana Department of Commerce supports innovative industries to grow businesses locally, state-wide and internationally, strengthening Montana's economy and creating job opportunities for hard-working Montanans. Commerce also encourages existing companies to relocate to Montana and enjoy the benefits of doing business under the Big Sky.
state Montana Eco Developers Association
The Montana Economic Developers Association (MEDA) is a 501(c)(3) nonprofit formed to connect economic developers and partners to grow Montana’s economy through education, advocacy, and collaboration.
state NorthWestern Energy Economic Development
NorthWestern Energy's Economic Development team works to retain existing jobs, promote business expansion, and recruit new businesses in the Montana, South Dakota, Nebraska service area, partnering with local and statewide economic development entities and community, state, and national leaders.
State sales taxNone
State income taxYes
Right-to-work stateNo

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