Thompson's Station, TN cost of living
Income, rent, home values and the city tax rate for Thompson's Station, Tennessee, from the Census Bureau, Redfin and the City of Thompson's Station, with the source next to every number.
Thompson's Station cost of living at a glance
For Thompson's Station city, the Census Bureau's American Community Survey (2020-2024) reports a median household income of $132,647, median rent of $2,088 a month and a median owner-estimated home value of $700,500. Redfin's median sale price was $833,246 as of September 30, 2026, and the City of Thompson's Station's property tax rate is $0.103 per $100 of assessed value.
Sources: U.S. Census Bureau, American Community Survey (5-year estimates, 2020-2024); Redfin Data Center (rolling 3 months ending September 30, 2026); Williamson County 2026 Property Tax Rates.
Income, rent and home value: Thompson's Station and nearby cities
Numbers only, listed alphabetically after Thompson's Station. These are different places with different home types, so a lower or higher number is not a ranking.
| City | Median household income | Median rent | Median home value | Owner-occupied |
|---|---|---|---|---|
| Thompson's Station | $132,647 | $2,088 | $700,500 | 81.3% |
| Brentwood | $182,088 | $2,825 | $1,031,300 | 90.4% |
| Columbia | $63,719 | $1,197 | $308,700 | 63.3% |
| Franklin | $119,528 | $1,923 | $705,400 | 63.8% |
| Murfreesboro | $80,108 | $1,481 | $402,100 | 52.4% |
| Nolensville | $177,148 | $2,454 | $777,800 | 93.6% |
| Spring Hill | $112,013 | $1,844 | $493,800 | 73.4% |
Income is in 2024 inflation-adjusted dollars. Home value is the owner's own estimate. Rent is for units that pay rent. Estimates have margins of error. Redfin's sale prices measure actual recent sales, so the two home-value figures differ.
Thompson's Station cost of living FAQ
What is the cost of living in Thompson's Station, TN?
There is no single official number. The Census Bureau's American Community Survey (2020-2024) shows a median household income of $132,647, median rent of $2,088 a month and a median owner-estimated home value of $700,500 for Thompson's Station city. Redfin's median sale price was $833,246 as of September 30, 2026.
What is the median rent in Thompson's Station, TN?
The Census Bureau's median gross rent for Thompson's Station city was $2,088 a month (American Community Survey, 2020-2024). It covers units that pay rent and varies by size, age and location.
What is the median household income in Thompson's Station, TN?
$132,647, in 2024 inflation-adjusted dollars (American Community Survey, 2020-2024).
Why are the Census home value and the Redfin sale price different?
The Census figure is the owner's own estimate of what their home would sell for, averaged over five years of survey responses. Redfin's figure is the median price of homes that actually sold in the most recent three months. The two measure different things.
What is the property tax rate in Thompson's Station?
The City of Thompson's Station's rate is $0.103 per $100 of assessed value (2026 tax year). County property tax is separate. See the Thompson's Station property taxes page.
Another way buyers frame the question is to compare the full monthly cost of buying (payment, taxes, insurance, maintenance) with the monthly cost of renting a comparable home, and to weigh how long they expect to stay. This page is general information, not legal, tax, lending or financial advice. Equal Housing Opportunity.
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