Cost of Living in Thompson, CT

Population 9,275 · Connecticut · Data vintage 2023

84
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Thompson a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $272,000. At 7.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Thompson sits roughly 20 miles south of Worcester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 20% lower than Worcester's $340,000.

Cost Overview

Housing 89
Rent 76

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Thompson

The median home value in Thompson is $272,400 — 11% below the national median of $305,000. Median rent runs $993/month, 24% lower than the national median of $1,314/month. The median household income of $88,421/year is 19% higher than the US median of $74,580. The local unemployment rate is 7.1%, above the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 61.1°F and lows of 43.1°F, with about 36.6" of annual snowfall. Overall, Thompson has a cost of living index of 84 versus the US average of 100, meaning it is 16% less expensive.

🏠 Housing

Median Home Value
$272,400
11% below avg
Median Rent
$993/mo
24% below avg
Price-to-Rent Ratio
22.9x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,135
1 BR
$1,220
2 BR
$1,600
3 BR
$1,958
4 BR
$2,344
Owner-occupied 81.8%
Renter-occupied 18.2%

💰 Estimated Monthly Budget

Rent median rent
$993
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,607/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.9 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.4%

Commute Mode

Drove alone
80.9%
Carpooled
4.9%
Walked
0.5%
Work from home
13.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$88,421
19% above avg
Per Capita Income
$46,885
Unemployment Rate
7.1%
48% above avg
Poverty Rate
6.1%
Labor Force Participation
62.2%

🎓 Education

Bachelor's degree+ 15.3%
Graduate degree 9.2%

👥 Demographics

Median Age 53.4
Male median age 52.6
Female median age 53.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
43.1°F
Annual Precip
47.5"
Annual Snowfall
36.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384148596978848275645343
Low °F 222430404959656457453628
Precip" 3.963.444.904.293.373.812.913.594.174.184.274.65
Snow" 10.310.56.40.60.00.00.00.00.00.21.07.6

Frequently Asked Questions

What is the cost of living in Thompson, CT?

Thompson has a cost index of 84 (100 = national average). It is 16% below the national average.

What is average rent in Thompson, CT?

The median gross rent in Thompson is $993 per month based on 2023 Census data.

What is the average home price in Thompson?

The median home value in Thompson is $272,400 according to 2023 Census ACS data.

What is the median income in Thompson?

The median household income in Thompson is $88,421 per year (2023 ACS 5-year estimates).

What is the sales tax in Thompson, CT?

The combined state and local sales tax rate in Thompson is 6.3%. The Connecticut state income tax top rate is 7.0%.

Is Thompson, CT affordable?

Yes, Thompson is generally considered affordable, with a cost of living index of 84 — about 16% below the US national average of 100.

What is the weather like in Thompson?

Thompson has average high temperatures of 61.1°F and average lows of 43.1°F. Annual precipitation is 47.5". Average annual snowfall is 36.6". Data from NOAA 1991–2020 Climate Normals.

Thompson at a Glance

Population
9,275
Median Income
$88,421
Home Value
$272,400
Median Rent
$993/mo
Unemployment
7.1%
Avg High Temp
61.1°F
Sales Tax
6.3%
View all cities in Connecticut →
🗺️ County data for Connecticut

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs