Living in Medicine Lake, Montana
Cost of living, income, home prices, rent and demographics of Medicine Lake · Census data 2020–2024
Medicine Lake has 213 residents with a median age of 52.2. The median household income is $48,125 (34% lower than the Montana median), the median home value is $106,800, the median rent is $493/month.
Medicine Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Medicine Lake at a glance
- Population
- 213
- Median age
- 52.2State: 40.4
- Median household income
- $48,125State: $72,509
- Median home value
- $106,800State: $375,800
- Median rent
- $493/moState: $1,081
- Homeowners
- 76.5%
- Bachelor's degree or higher
- 20.9%
- Average commute
- 24 min
Is Medicine Lake a good place to live?
Pros: Home values 72% lower than the state median; unemployment of 2.6%.
Cons: Median household income 34% lower than the Montana median; an average commute of 24 minutes; a poverty rate of 13.4%.
The weather is best in June to September.
Cost of living in Medicine Lake
Housing is the biggest part of the cost of living. In Medicine Lake the median home value is $106,800, 68% lower than the U.S. median. Renters pay a median of $493 per month, which is 30.3% of household income. Homeowners with a mortgage pay $1,125 a month in housing costs.
Medicine Lake median household income
The median household income in Medicine Lake is $48,125 and the income per person is $35,720. 13.4% of residents live below the poverty line (Montana: 11.5%).
Housing in Medicine Lake: homes for sale and rent
- Housing units
- 156
- Owner-occupied
- 76.5%
- Renter-occupied
- 23.5%
- Vacant
- 26.3%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 1.85
Medicine Lake demographics
- Population
- 213
- Median age
- 52.2
- Under 18
- 18.8%
- 65 and older
- 22.5%
- Households
- 115
- Foreign-born
- 0.9%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Medicine Lake ›
Education in Medicine Lake
20.9% of adults 25 and older in Medicine Lake have a bachelor's degree or higher (Montana: 35.2%), and 7% have a graduate or professional degree.
Jobs and commute in Medicine Lake
- Unemployment rate
- 2.6%State: 3.6%
- Average commute
- 24 minState: 19 min
- Work from home
- 6.3%
- Drive alone
- 66.1%
- Public transit
- 0%
- Walk to work
- 10.7%
- Homes with broadband
- 90.4%
Medicine Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Medicine Lake | 213 | $48,125 | $106,800 | $493 |
| Froid | 324 | $72,000 | $102,800 | $550 |
| Plentywood | 1,654 | $68,438 | $161,000 | $760 |
| Culbertson | 567 | $101,136 | $217,200 | $1,154 |
| Bainville | 334 | $92,917 | — | $788 |
| Westby | 290 | $32,500 | $65,800 | $358 |
| Poplar | 635 | $43,438 | $95,000 | $665 |
| Scobey | 861 | $52,250 | $188,200 | $573 |
More for people moving to Medicine Lake
Medicine Lake ZIP code ›Weather and climate ›Living in Medicine Lake: FAQ
What is the median household income in Medicine Lake, MT?
The median household income in Medicine Lake is $48,125, 34% lower than the Montana median of $72,509 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Medicine Lake?
The median home value in Medicine Lake is $106,800, compared with $375,800 in Montana.
How much is rent in Medicine Lake?
The median gross rent in Medicine Lake is $493 per month, about 30.3% of household income.
Is Medicine Lake, MT a good place to live?
Pluses: home values 72% lower than the state median; unemployment of 2.6%. Minuses: median household income 34% lower than the Montana median; an average commute of 24 minutes; a poverty rate of 13.4%.
What is the median age in Medicine Lake?
The median age in Medicine Lake is 52.2 years (Montana: 40.4).
How long is the commute in Medicine Lake?
The average commute to work in Medicine Lake is 24 minutes; 6.3% of workers work from home.
What is the unemployment rate in Medicine Lake?
The unemployment rate in Medicine Lake is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Medicine Lake?
20.9% of adults in Medicine Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: