Thompson, IA
Population 448 · Iowa
About Thompson, IA
Thompson is a small community in Iowa with a population of 448 residents. The median household income is $49,375 per year, which is below the national average. The median age in Thompson is 60.3 years.
Housing in Thompson has a median home value of $99,600 and median monthly rent of $696. Of the 311 total housing units, the majority are owner-occupied, with 214 owner-occupied and 65 renter-occupied units.
The unemployment rate in Thompson is 4.5% and the poverty rate is 8.1%. 34.0% of residents hold a bachelor's degree or higher. The average commute time is 18 minutes.
Cost of Living in Thompson, IA
Compared to national averages, Thompson has a median household income of $49,375 (34% below the national median of $75,149). Home values average $99,600, which is 59% below the national median. Monthly rent at $696 is 40% below the US average of $1,163. Within Iowa, Thompson's income is 27% below the state average of $67,947, and home values are 25% below the state median of $132,237.
Why Live in Thompson, IA?
Thompson offers affordable housing with a median home value of $99,600, below the US average of $244,900, and rent that’s lower than the national average at $696/month, and a well-educated community where 34.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 18 minutes.
Potential considerations include median household income ($49,375) that falls below the national average. However, Thompson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Thompson has a population of 448 with a median age of 60.3 years. Compare Thompson with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Thompson
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Maynard | 448 | $49,375 | $129,500 | Compare |
| Oxford Junction | 447 | $61,250 | $66,700 | Compare |
| Milton | 451 | $41,875 | $54,400 | Compare |
| Arlington | 452 | $41,250 | $110,900 | Compare |
| Clearfield | 444 | $47,083 | $63,000 | Compare |
| Clermont | 452 | $73,906 | $117,200 | Compare |
| Bussey | 453 | $47,857 | $62,500 | Compare |
| Conesville | 440 | $59,250 | $67,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Thompson
What is the population of Thompson, IA?
The population of Thompson, IA is 448 according to the latest Census data.
What is the median household income in Thompson?
The median household income in Thompson, IA is $49,375 per year.
What is the median home value in Thompson?
The median home value in Thompson, IA is $99,600.
What is the average rent in Thompson?
The median monthly rent in Thompson, IA is $696.
What is the unemployment rate in Thompson?
The unemployment rate in Thompson, IA is 4.5%.