Cost of Living in Thompson, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.0
100 = national avg
-23.0 vs national average
Living Wage (1 Adult)
$33,873
per year
Living Wage (Family of 4)
$80,063
per year
Cost Index by Category
Housing67.3
Food87.7
Transportation75.5
Healthcare90.2
Utilities86.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$731
per month
2 Bedroom
$919
per month
The overall cost of living index in Thompson is 77.0, which is 23.0% below the national average. Housing costs are below the national average at an index of 67.3. A single adult needs to earn approximately $33,873 per year to cover basic expenses.