Hot Springs, NC
Full City Profile · North Carolina · Madison County County
Hot Springs, NC
At a Glance
How Hot Springs Compares to the U.S. Average
Each bar shows Hot Springs's value as a percentage of the national average (100% = U.S. avg)
Is Hot Springs a Good Place to Live?
Economy & Jobs
Hot Springs residents earn a median household income of $39,167 , which is 48% below the national average of $75,149. Per capita income is $29,428. The unemployment rate stands at 4.2% (17% above the U.S. rate of 3.6%). 20.2% of residents live below the poverty line. The area is home to 576 business establishments, including 39 restaurants.
Housing & Cost of Living
The median home value in Hot Springs is $184,900 , 34% below the national median of $281,900. Zillow estimates the typical home at $325,481. Median rent is $488/month, with 33.3% of renters spending more than 30% of income on housing. The cost of living index is 94.3 (100 = national average). The median home was built in 1972.
Education
25.3% of adults in Hot Springs hold a bachelor's degree or higher (25% below the national average). 97.4% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Hot Springs has an average annual temperature of 58°F (14°C). Winters average 38°F in January while summers reach 76°F in July. Annual precipitation totals 46.7 inches.