Lost Springs was first inhabited in the 1880s and received its name from railroad workers who were unable to find the springs shown on survey maps of the area. When the town was incorporated in 1911, 200 people lived there, mostly coalminers.
The road sign that lists Lost Spring’s population as one, which is based on the 2000 census, is a source of contention for the town’s few residents. Lost Springs Mayor Leda Price says she’s lived there for 37 years and there has always been more than one person. In fact, before the 2010 census, a woman moved in with one of the town’s three residents, increasing the population by 33 percent. Today, Lost Springs is home to four people and two businesses: the general store, which is owned by Mayor Price, and a post office.