Living in Hot Springs, South Dakota
Cost of living, income, home prices, rent and demographics of Hot Springs · Census data 2020–2024
Hot Springs has 3,548 residents with a median age of 59.4. The median household income is $66,338 (12% lower than the South Dakota median), the median home value is $202,600, the median rent is $897/month.
Hot Springs at a glance
- Population
- 3,548
- Median age
- 59.4State: 38
- Median household income
- $66,338State: $75,081
- Median home value
- $202,600State: $257,400
- Median rent
- $897/moState: $946
- Homeowners
- 62.3%
- Bachelor's degree or higher
- 28.9%
- Average commute
- 14 min
Is Hot Springs a good place to live?
Pros: Home values 21% lower than the state median; an average commute of 14 minutes; unemployment of 1.8%.
Cons: Median household income 12% lower than the South Dakota median; a poverty rate of 21.1%.
The weather is best in May–June and August–September.
Cost of living in Hot Springs
Housing is the biggest part of the cost of living. In Hot Springs the median home value is $202,600, 39% lower than the U.S. median. Renters pay a median of $897 per month, which is 22.3% of household income. Homeowners with a mortgage pay $1,193 a month in housing costs.
Hot Springs median household income
The median household income in Hot Springs is $66,338 and the income per person is $42,681. 21.1% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Hot Springs: homes for sale and rent
- Housing units
- 1,933
- Owner-occupied
- 62.3%
- Renter-occupied
- 37.7%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 1.74
Hot Springs demographics
- Population
- 3,548
- Median age
- 59.4
- Under 18
- 12.6%
- 65 and older
- 37.7%
- Households
- 1,885
- Foreign-born
- 4.3%
- Veterans
- 17.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Hot Springs ›
Education in Hot Springs
28.9% of adults 25 and older in Hot Springs have a bachelor's degree or higher (South Dakota: 31.9%), and 11.8% have a graduate or professional degree.
Jobs and commute in Hot Springs
- Unemployment rate
- 1.8%State: 2.9%
- Average commute
- 14 minState: 18 min
- Work from home
- 4.3%
- Drive alone
- 87.2%
- Public transit
- 0%
- Walk to work
- 4.4%
- Homes with broadband
- 83.6%
Hot Springs vs nearby towns
More for people moving to Hot Springs
Hot Springs ZIP code ›Weather and climate ›Living in Hot Springs: FAQ
What is the median household income in Hot Springs, SD?
The median household income in Hot Springs is $66,338, 12% lower than the South Dakota median of $75,081 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hot Springs?
The median home value in Hot Springs is $202,600, compared with $257,400 in South Dakota.
How much is rent in Hot Springs?
The median gross rent in Hot Springs is $897 per month, about 22.3% of household income.
Is Hot Springs, SD a good place to live?
Pluses: home values 21% lower than the state median; an average commute of 14 minutes; unemployment of 1.8%. Minuses: median household income 12% lower than the South Dakota median; a poverty rate of 21.1%.
What is the median age in Hot Springs?
The median age in Hot Springs is 59.4 years (South Dakota: 38).
How long is the commute in Hot Springs?
The average commute to work in Hot Springs is 14 minutes; 4.3% of workers work from home.
What is the unemployment rate in Hot Springs?
The unemployment rate in Hot Springs is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hot Springs?
28.9% of adults in Hot Springs 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.
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