Cost of Living in Hot Springs, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
59.3
100 = national avg
-40.7 vs national average
Living Wage (1 Adult)
$26,103
per year
Living Wage (Family of 4)
$61,699
per year
Cost Index by Category
Housing71.1
Food66.3
Transportation32.6
Healthcare73.0
Utilities74.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$878
per month
2 Bedroom
$1,115
per month
The overall cost of living index in Hot Springs is 59.3, which is 40.7% below the national average. Housing costs are below the national average at an index of 71.1. A single adult needs to earn approximately $26,103 per year to cover basic expenses.