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Hot Springs, NC
Full City Profile · North Carolina · Madison County County
3.1
/5.0
B
Good
494
Population
172/sq mi density
$39,167
Median Income
$29,428 per capita
$184,900
Home Value
$317,853 Zillow
$488
Median Rent
33.3% income on rent
58°F
Avg Temperature
310 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$39,167 median income, 2.5% unemployment
A
Affordability
4.0 / 5.0
$184,900 home value, $488/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B
Education
3.0 / 5.0
25.3% bachelor's degree or higher
Income Overview
Median Household Income
$39,167
48% below
US avg: $75,149
Per Capita Income
$29,428
25% below
US avg: $39,052
Unemployment Rate
2.5%
31% below
US avg: 3.6%
Poverty Rate
20.2%
63% above
US avg: 12.4%
Income Comparison: Hot Springs vs. U.S. Average
Each bar shows Hot Springs’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$39,167
52%
Per Capita
US: $39,052
$29,428
75%
IRS Avg AGI
US: $72,000
$59,099
82%
Avg Weekly Wage
US: $1,432
$915
64%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$915
36% below US avg ($1,432)
Mean Commute Time
25 min
9% below US avg (28 min)
Work From Home
8.9%
41% below US avg (15.2%)
Drive Alone
80.1%
9% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$632M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
80.1%
Public Transit
0%
Work From Home
8.9%
Other
11%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
576
Restaurants
39
Healthcare
41
Retail
45
Manufacturing
18
Tax & Financial
IRS Avg Adjusted Gross Income
$59,099
18% below US avg ($72,000)
Avg Property Tax
$3,111
11% below US avg ($3,500)
Cost of Living Index
94.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $39,167 |
| Per Capita Income | $29,428 |
| IRS Avg Adjusted Gross Income | $59,099 |
| Avg Weekly Wage | $915 |
| County GDP | $632M |
Hardship Indicators
| Unemployment Rate | 2.5% |
| Poverty Rate | 20.2% |
| Gini Coefficient | 0.484 |
| Cost of Living Index | 94.3 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 80.1% |
| Public Transit | 0.0% |
| Work From Home | 8.9% |
Businesses
| Total Establishments | 576 |
| Restaurants | 39 |
| Healthcare | 41 |
| Retail | 45 |
| Manufacturing | 18 |
Tax
| IRS Avg AGI | $59,099 |
| Avg Property Tax | $3,111 |