Cost of Living in Thompsonville, IL

With a cost of living index of 62, Thompsonville, IL is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 18% below the Illinois state average of 80. Thompsonville is a small community of 475 residents.

Housing costs are the biggest factor in Thompsonville's cost of living. The median monthly rent is $708 (46% below the US median of $1,319), and the median home value sits at $85,700 (72% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Thompsonville is $46,023, which is 39% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Thompsonville. The area sees an average annual temperature of 56.4°F, with summers averaging 76°F and winters around 36°F. Annual rainfall totals 44 inches spread over roughly 130 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.