Thompson, ND
Population 1,092 · North Dakota
About Thompson, ND
Thompson is a small town located in North Dakota with a population of 1,092 residents according to the latest US Census Bureau American Community Survey data. The median household income is $110,909 per year, which is 48% above the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Thompson features a median home value of $274,000, which is 12% above the national median of $244,900. This positions Thompson in a moderately priced market relative to the rest of the country. Median monthly rent is $706, 39% below the national average of $1,163/month. Of the 439 total housing units, 92% are owner-occupied (379 units) and 8% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thompson shows an unemployment rate of 0.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Thompson have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
39.7% of Thompson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.0% White, 1.6% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 3.0% of the population being foreign-born.
How Thompson Ranks in North Dakota
Cost of Living in Thompson, ND
Compared to national averages, Thompson has a median household income of $110,909 (48% above the national median of $75,149). Home values average $274,000, which is 12% above the national median. Monthly rent at $706 is 39% below the US average of $1,163. Within North Dakota, Thompson's income is 53% above the state average of $72,691, and home values are 96% above the state median of $139,496.
Why Live in Thompson, ND?
Thompson offers a strong local economy with a median household income of $110,909, well above the national average, and rent that’s lower than the national average at $706/month, and a strong job market with an unemployment rate of just 0.2%. Additionally, the city features a well-educated community where 39.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.0%, better than the national average, and short commute times averaging just 19.5 minutes.
Thompson has a population of 1,092 with a median age of 44.5 years. Compare Thompson with other cities to see how it stacks up, or explore all cities in North Dakota.
Similar Cities Near Thompson
Cities in North Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shell Valley | 1,112 | $43,281 | $55,200 | Compare |
| Crosby | 1,116 | $80,000 | $111,800 | Compare |
| Hettinger | 1,141 | $50,750 | $112,600 | Compare |
| Kenmare | 1,027 | $64,167 | $122,000 | Compare |
| Rolla | 1,164 | $52,841 | $121,500 | Compare |
| Burlington | 1,169 | $95,216 | $237,800 | Compare |
| Velva | 997 | $81,354 | $208,700 | Compare |
| Enderlin | 987 | $70,625 | $120,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Thompson With Other Cities
Frequently Asked Questions about Thompson
What is the population of Thompson, ND?
The population of Thompson, ND is 1,092 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in North Dakota.
What is the median household income in Thompson?
The median household income in Thompson, ND is $110,909 per year, which is 48% above the national median of $75,149.
What is the median home value in Thompson?
The median home value in Thompson, ND is $274,000, which is 12% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thompson?
The median monthly rent in Thompson, ND is $706, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Thompson?
The unemployment rate in Thompson, ND is 0.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Thompson, ND a good place to live?
Thompson offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,092 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Thompson, ND?
39.7% of residents in Thompson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Thompson?
Key cost-of-living indicators for Thompson, ND: median home value is $274,000 (12% above national), median rent is $706/month, and median household income is $110,909. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Thompson?
The poverty rate in Thompson, ND is 1.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Thompson, ND?
Thompson's population is 1.0% White, 1.6% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.0% of residents are foreign-born.