Medicine Lake, MT
Full City Profile · Montana · Sheridan County County
Medicine Lake, MT
At a Glance
How Medicine Lake Compares to the U.S. Average
Each bar shows Medicine Lake's value as a percentage of the national average (100% = U.S. avg)
Is Medicine Lake a Good Place to Live?
Economy & Jobs
Medicine Lake residents earn a median household income of $41,000 , which is 45% below the national average of $75,149. Per capita income is $36,117. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 4.8% of residents live below the poverty line. The area is home to 224 business establishments, including 16 restaurants.
Housing & Cost of Living
The median home value in Medicine Lake is $95,000 , 66% below the national median of $281,900. Zillow estimates the typical home at $137,503. Median rent is $492/month, with 29.4% of renters spending more than 30% of income on housing. The cost of living index is 94.6 (100 = national average). The median home was built in 1964.
Education
21.6% of adults in Medicine Lake hold a bachelor's degree or higher (36% below the national average). 92.6% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Medicine Lake has an average annual temperature of 41°F (5°C). Winters average 11°F in January while summers reach 69°F in July. Annual precipitation totals 14.1 inches.