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Population & People
Population
1,658
Median age
48.8
Median household income
$46,313
Poverty rate
6.5%
Unemployment rate
0.0%
Bachelor's degree+
18.6%
Avg. commute
14 min
Hispanic or Latino
4.3%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$266,400
Median gross rent
$543/mo
Homeownership rate
73.35%
HUD FMR — 2 bedroom
$1,336
HUD Fair Market Rent (Montana statewide average across 56 areas — not specific to Thompson Falls), 2026. Efficiency $988, 1BR $1076, 2BR $1336, 3BR $1789, 4BR $2113. This is a different official figure from Census median gross rent above.
Energy
Montana commercial electricity
11.88¢/kWh
Montana industrial electricity
7.02¢/kWh
Montana residential electricity
12.98¢/kWh
Economy
Gross Domestic Product: All Industry Total
82357.8
Real Gross Domestic Product: All Industry Total
61939.7
All-Transactions House Price Index for Montana
821.72
Unemployment Rate
3.2%
Source: FRED, Montana-specific series.