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The total population of Thompson Falls is estimated to be 1,658 with 940 males (56.69%) and 718 females (43.31%). There are 222 less females than males in Thompson Falls.
The median household income in Thompson Falls was $46,325 in 2021, which marked an an increase of 1,515(3.38%) from $44,810 in 2020. This income is 62.09% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Thompson Falls sees its highest median household income among householders in the age group of 25 to 44 years old, at $77,765. Overall, the median household income for the city of Thompson Falls stands at $46,325.
In Thompson Falls, the median income for all workers aged 15 years and older, regardless of work hours, was $40,020 for males and $21,428 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,383 for males and $28,793 for females.
In Thompson Falls, population is primarily represented by White households, reporting a median income of $49,992.
In 2022, the population of Thompson Falls was 1,447, a 3.65% increase year-by-year from 2021. Previously, in 2021, Thompson Falls's population was 1,396, an increase of 4.10% compared to a population of 1,341 in 2020.
The median age in Thompson Falls, MT is 34.7, as per 2021 ACS 5-Year Estimates. Of the total population, 26.95% were under the age of 15, 16.31% aged 15 to 29, 41.52% aged 30 to 64, 11.93% aged 65 to 84, and 3.29% were 85 years of age and older.
Racial distribution of Thompson Falls population: 97.61% are White, 0.90% are American Indian and Alaska Native and 1.48% are multiracial.