At a Glance
Median Income
$101,964
$39,439 per capita
Home Value
$254,400
Zillow: $218,786
Bachelor's Degree+
13.4%
91.5% high school+
Unemployment
1.5%
0.0% poverty rate
Obesity Rate
39.7%
20.9% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Hot Springs a Good Place to Live?
A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Hot Springs residents earn a median household income of $101,964 , which is 36% above the national average of $75,149.
Per capita income is $39,439. The unemployment rate stands at 1.5% (58% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 258 business establishments, including 18 restaurants.
Housing & Cost of Living
The median home value in Hot Springs is $254,400 , 10% below the national median of $281,900.
Zillow estimates the typical home at $218,786. The cost of living index is 101.1 (100 = national average). The median home was built in 1971.
Education
13.4% of adults in Hot Springs hold a bachelor's degree or higher
(60% below the national average).
91.5% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Hot Springs has an average annual temperature of 51°F (11°C).
Winters average 31°F in January while summers reach 71°F in July. Annual precipitation totals 46.5 inches.
Data Overview
People
Population540
Median Age59.5 yrs
Density97/mi²
Male / Female52% / 48%
Foreign Born3.3%
Veterans12.1%
Economy
A+
Median Income$101,964
Per Capita$39,439
Unemployment1.5%
Poverty0.0%
County GDP$327M
Avg Weekly Wage$1,085
Housing
A+
Home Value$254,400
Rent
Ownership77.4%
Zillow$218,786
Housing Units620
Rent Burden19.0%
Health
Obesity39.7%
Diabetes13.8%
Smoking20.9%
Heart Disease7.7%
Premature Death10,897/100K
Climate
Avg Temp51°F
Rain46.5 in/yr
Elevation2,415 ft
Education
C
Bachelor's+13.4%
High School+91.5%
Graduate+5.9%
School Score5.7/10
Community
2024 VoteR 77% / D 23%
Commute17 min
Broadband80.3%
Internet Speed45 Mbps
EV Stations2
Libraries1
Did You Know?
The median home in Hot Springs was built in 1971.
The nearest airport is Roanoke/Blacksburg Regional (Woodrum Field) (47 miles).
The Gini coefficient (income inequality) is 0.474 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
16.9% of the population has a disability.
The county recorded 1 fatal vehicle crashes.