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Thompson Falls, Montana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,500
Population
$46,313
Median Income
$266,400
Home Value
48.8
Median Age

Demographics

Thompson Falls has a population of 1,500 with a median age of 48.8. Here is the racial and ethnic breakdown of the population:

White
86.4%
Other
8.8%
Hispanic
4.3%
Demographic Value
Total Population1,500
Median Age48.8
White86.4%
Black or African American0.5%
Hispanic or Latino4.3%
Other / Two or More Races8.8%
Thompson Falls, Montana — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 86.4%Other: 8.8%Hispanic/Latino: 4.3%Other: 0.5%1,500PopulationWhiteWhite86.4%OtherOther8.8%Hispanic/LatinoHispanic/Latino4.3%OtherOther0.5%

Income & Economy

The median household income in Thompson Falls is $46,313, which is 42.5% below the national median of $80,610. The per capita income is $25,576. The poverty rate is 6.5%.

$46,313
Median Household Income
$25,576
Per Capita Income
6.5%
Poverty Rate

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Education

In Thompson Falls, 94.1% of residents age 25+ have a high school diploma or higher, and 18.6% hold a bachelor's degree or higher (2.8% with a graduate or professional degree).

HS Diploma+
94.1%
Bachelor's+
18.6%
Graduate+
2.8%
Education Level % of Adults (25+)
High School Diploma or Higher94.1%
Bachelor's Degree or Higher18.6%
Graduate or Professional Degree2.8%

Housing

The median home value in Thompson Falls is $266,400, below the national median of $303,400. The median monthly rent is $543. The homeownership rate is 73.4%.

$266,400
Median Home Value
$543/mo
Median Rent
73.4%
Homeownership Rate
Housing Metric Value
Median Home Value$266,400
Median Monthly Rent$543
Homeownership Rate73.4%
Vacancy Rate14.2%

Salaries in Montana

Explore salary data for popular occupations in Montana:

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Other Cities in Montana

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Frequently Asked Questions

What is the population of Thompson Falls, Montana?
The population of Thompson Falls, Montana is 1,500 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Thompson Falls, Montana?
The median household income in Thompson Falls, Montana is $46,313. This is 42.5% below the national median of $80,610.
What is the median home value in Thompson Falls, Montana?
The median home value in Thompson Falls, Montana is $266,400. The median monthly rent is $543.
What percentage of people in Thompson Falls have a college degree?
In Thompson Falls, Montana, 18.6% of adults age 25 and older hold a bachelor's degree or higher, and 94.1% have a high school diploma or higher.
Is Thompson Falls, Montana an affordable place to live?
The home price-to-income ratio in Thompson Falls, Montana is 5.8x (median home value $266,400 vs. median income $46,313), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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