Living in Thompson, Pennsylvania
Cost of living, income, home prices, rent and demographics of Thompson · Census data 2020–2024
Thompson has 952 residents with a median age of 50.4. The median household income is $81,932 (5% higher than the Pennsylvania median), the median home value is $261,900, the median rent is $1,104/month.
Thompson is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Thompson at a glance
- Population
- 952
- Median age
- 50.4State: 40.9
- Median household income
- $81,932State: $77,971
- Median home value
- $261,900State: $254,500
- Median rent
- $1,104/moState: $1,209
- Homeowners
- 89.1%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 41 min
Is Thompson a good place to live?
Pros: Median household income 5% higher than the Pennsylvania median; unemployment of 0.9%; a poverty rate of 6.5%.
Cons: Home values about the same as the state median; an average commute of 41 minutes.
The weather is best in June to September.
Cost of living in Thompson
Housing is the biggest part of the cost of living. In Thompson the median home value is $261,900, 21% lower than the U.S. median. Renters pay a median of $1,104 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,435 a month in housing costs.
Thompson median household income
The median household income in Thompson is $81,932 and the income per person is $45,933. 6.5% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Thompson: homes for sale and rent
- Housing units
- 435
- Owner-occupied
- 89.1%
- Renter-occupied
- 10.9%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.36
Thompson demographics
- Population
- 952
- Median age
- 50.4
- Under 18
- 16.2%
- 65 and older
- 24.3%
- Households
- 404
- Foreign-born
- 0.5%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Thompson ›
Education in Thompson
16.9% of adults 25 and older in Thompson have a bachelor's degree or higher (Pennsylvania: 35.2%), and 9.4% have a graduate or professional degree.
Jobs and commute in Thompson
- Unemployment rate
- 0.9%State: 5.3%
- Average commute
- 41 minState: 26 min
- Work from home
- 7.8%
- Drive alone
- 82.3%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 83.4%
Thompson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Thompson | 952 | $81,932 | $261,900 | $1,104 |
| Needmore | 196 | $71,979 | $144,900 | $1,672 |
| Warren | 372 | $84,750 | $330,700 | $763 |
| Bethel | 1,533 | $74,856 | $264,200 | $823 |
| Hancock | 1,625 | $34,886 | $190,900 | $924 |
| Belfast | 1,403 | $64,074 | $198,700 | $854 |
| Ayr | 2,011 | $61,818 | $223,700 | $788 |
| Union | 972 | $96,023 | $264,800 | $900 |
| Montgomery | 5,754 | $98,640 | $302,400 | $1,303 |
More for people moving to Thompson
Thompson ZIP code ›Weather and climate ›Living in Thompson: FAQ
What is the median household income in Thompson, PA?
The median household income in Thompson is $81,932, 5% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Thompson?
The median home value in Thompson is $261,900, compared with $254,500 in Pennsylvania.
How much is rent in Thompson?
The median gross rent in Thompson is $1,104 per month, about 28.8% of household income.
Is Thompson, PA a good place to live?
Pluses: median household income 5% higher than the Pennsylvania median; unemployment of 0.9%; a poverty rate of 6.5%. Minuses: home values about the same as the state median; an average commute of 41 minutes.
What is the median age in Thompson?
The median age in Thompson is 50.4 years (Pennsylvania: 40.9).
How long is the commute in Thompson?
The average commute to work in Thompson is 41 minutes; 7.8% of workers work from home.
What is the unemployment rate in Thompson?
The unemployment rate in Thompson is 0.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Thompson?
16.9% of adults in Thompson have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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