Thompson Falls, MT
Population 1,568 · Montana
About Thompson Falls, MT
Thompson Falls is a small community in Montana with a population of 1,568 residents. The median household income is $53,203 per year, which is near the national average. The median age in Thompson Falls is 47.2 years.
Housing in Thompson Falls has a median home value of $182,200 and median monthly rent of $575. Of the 746 total housing units, the majority are owner-occupied, with 490 owner-occupied and 138 renter-occupied units.
The unemployment rate in Thompson Falls is 0.0% and the poverty rate is 7.7%. 19.8% of residents hold a bachelor's degree or higher. The average commute time is 13.4 minutes.
How Thompson Falls Ranks in Montana
Cost of Living in Thompson Falls, MT
Compared to national averages, Thompson Falls has a median household income of $53,203 (29% below the national median of $75,149). Home values average $182,200, which is 26% below the national median. Monthly rent at $575 is 51% below the US average of $1,163. Within Montana, Thompson Falls's income is 19% below the state average of $65,821, and home values are 37% below the state median of $288,703.
Why Live in Thompson Falls, MT?
Thompson Falls offers affordable housing with a median home value of $182,200, below the US average of $244,900, and rent that’s lower than the national average at $575/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 7.7%, better than the national average, and short commute times averaging just 13.4 minutes.
Potential considerations include median household income ($53,203) that falls below the national average. However, Thompson Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Thompson Falls has a population of 1,568 with a median age of 47.2 years. Compare Thompson Falls with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Thompson Falls
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Helena West Side | 1,584 | $67,692 | $411,800 | Compare |
| Baker | 1,535 | $78,971 | $198,800 | Compare |
| Big Timber | 1,530 | $63,514 | $235,100 | Compare |
| Sun Prairie | 1,514 | $61,004 | $156,800 | Compare |
| Frenchtown | 1,629 | $90,767 | $391,600 | Compare |
| Fort Benton | 1,470 | $67,171 | $201,900 | Compare |
| Chinook | 1,460 | $71,500 | $205,900 | Compare |
| Plentywood | 1,677 | $62,163 | $148,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Thompson Falls
What is the population of Thompson Falls, MT?
The population of Thompson Falls, MT is 1,568 according to the latest Census data.
What is the median household income in Thompson Falls?
The median household income in Thompson Falls, MT is $53,203 per year.
What is the median home value in Thompson Falls?
The median home value in Thompson Falls, MT is $182,200.
What is the average rent in Thompson Falls?
The median monthly rent in Thompson Falls, MT is $575.
What is the unemployment rate in Thompson Falls?
The unemployment rate in Thompson Falls, MT is 0.0%.