Cost of Living in Thompson, PA

With a cost of living index of 84, Thompson, PA is a very affordable place to live. Living here is 16% cheaper than the national average and in line with the Pennsylvania state average. Thompson is a small community of 297 residents.

Housing costs are the biggest factor in Thompson's cost of living. The median monthly rent is $1,300 (1% below the US median of $1,319), and the median home value sits at $134,100 (56% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Thompson is $62,500, which is 17% lower than the national median of $75,149. Residents spend roughly 25% 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 Thompson. The area sees an average annual temperature of 46.3°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 42 inches spread over roughly 164 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.