Thompsonville, MI
Population 508 · Michigan
About Thompsonville, MI
Thompsonville is a small community located in Michigan with a population of 508 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,083 per year, which is 17% below the national median of $75,149. The median age of 37.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Thompsonville features a median home value of $100,700, which is 59% below the national median of $244,900. This makes Thompsonville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $731, 37% below the national average of $1,163/month. Of the 292 total housing units, 71% are owner-occupied (163 units) and 29% are renter-occupied (68 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thompsonville shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.4%, above the national average of 12.4%. Workers in Thompsonville have an average one-way commute time of 25.5 minutes.
Education & Demographics
9.0% of Thompsonville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.8% White, 7.7% Hispanic or Latino, 0.6% Black or African American, and 1.0% Asian residents, with 4.1% of the population being foreign-born.
Cost of Living in Thompsonville, MI
Compared to national averages, Thompsonville has a median household income of $62,083 (17% below the national median of $75,149). Home values average $100,700, which is 59% below the national median. Monthly rent at $731 is 37% below the US average of $1,163. Within Michigan, Thompsonville's income is 6% below the state average of $66,017, and home values are 45% below the state median of $183,391.
Why Live in Thompsonville, MI?
Thompsonville offers affordable housing with a median home value of $100,700, below the US average of $244,900, and rent that’s lower than the national average at $731/month, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($62,083) that falls below the national average. However, Thompsonville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Thompsonville has a population of 508 with a median age of 37.9 years. Compare Thompsonville with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Thompsonville
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eau Claire | 507 | $62,500 | $130,000 | Compare |
| Mecosta | 509 | $70,069 | $92,200 | Compare |
| Millers Lake | 505 | $68,068 | $216,000 | Compare |
| Pewamo | 511 | $76,250 | $179,500 | Compare |
| Atlantic Mine | 513 | $47,361 | $90,000 | Compare |
| Shaftsburg | 498 | $90,054 | $235,900 | Compare |
| Galien | 519 | $51,458 | $126,300 | Compare |
| Kaleva | 520 | $43,333 | $88,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Thompsonville With Other Cities
Frequently Asked Questions about Thompsonville
What is the population of Thompsonville, MI?
The population of Thompsonville, MI is 508 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Thompsonville?
The median household income in Thompsonville, MI is $62,083 per year, which is 17% below the national median of $75,149.
What is the median home value in Thompsonville?
The median home value in Thompsonville, MI is $100,700, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thompsonville?
The median monthly rent in Thompsonville, MI is $731, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Thompsonville?
The unemployment rate in Thompsonville, MI is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Thompsonville, MI a good place to live?
Thompsonville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 508 and a median age of 37.9, the city appeals to a broad range of residents.
How educated is Thompsonville, MI?
9.0% of residents in Thompsonville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Thompsonville?
Key cost-of-living indicators for Thompsonville, MI: median home value is $100,700 (59% below national), median rent is $731/month, and median household income is $62,083. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Thompsonville?
The poverty rate in Thompsonville, MI is 15.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Thompsonville, MI?
Thompsonville's population is 0.8% White, 7.7% Hispanic or Latino, 0.6% Black or African American, 1.0% Asian, and 0.0% two or more races. 4.1% of residents are foreign-born.