Thompson Falls, MT is a small town located in the northwestern part of the state near Sanders County. It is a peaceful and welcoming community that offers a variety of recreational activities. Despite its size, Thompson Falls has some great local businesses such as Evergreen Outfitters for outdoor gear, Salish Trading Company for souvenirs and gifts, and Montana Drug for pharmacy needs. The cost of living in this small town is quite affordable compared to the US average; rent is about $590 cheaper than the national average while the grocery cost index stands at 96.
Thompson Falls has an unemployment rate of 6.4%. The US average is 6.0%.
Thompson Falls has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Thompson Falls
- The Sales Tax Rate for Thompson Falls is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Thompson Falls is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Thompson Falls
- The average income of a Thompson Falls resident is $19,681 a year. The US average is $28,555 a year.
- The Median household income of a Thompson Falls resident is $42,857 a year. The US average is $69,021 a year.