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Montana · Census place 48775

Medicine Lake town, MT

Quick answer

Medicine Lake town has 190 residents, ranking #256 of 497 places in Montana. Median household income is $41,000, the median home is worth $95,000 and median gross rent runs $492 a month.

Population
190Medicine Lake town residents
Median household income
$41,000Past 12 months, inflation adjusted
Median home value
$95,000Owner-occupied units
Median gross rent
$492Rent plus utilities, monthly
Median age
49.8 yrsAll residents
Homeownership rate
71.8%Owner-occupied households

What the numbers mean in Medicine Lake town

Housing cost measured against local earnings.

A household earning the Medicine Lake town median would spend about 14.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.3% of residents and 71.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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