Its economy is dependent on remittance from expatriate workers in the Persian Gulf, particularly Dubai.

Thalangara consists of areas like Padinhar(Westyork), Kunnil, Kadavath ("ferry stand"), Khazilane, Nuppadamail, Bangod, Theruvath, and Korkode ("street" in Malayalam).

His dargah is located at Thalangara which is consecrated inside a structure that was formerly a Tharavad of a local Tulu Chief.

The mosque is dedicated to Malik Deenar, who arrived from Arabia with his family on a mission to spread Islam on the coast of Kerala.

However, with the advent of mechanized production, the handmade Thalangara caps were unable to compete with lower market prices, leading to a significant reduction in production and a subsequent impact on Thalangara's economy