Thompson cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexThompsonIowaNational
Cost of living index7789100
IndexThompsonIowaNational
Goods & Services index9695100
Groceries index9995100
Health care index10098100
Housing index3673100
Transportation index8297100
Utilities index9496100

Did you know?

  • The cost of living in Thompson is 14% lower than the Iowa average.
  • The cost of living in Thompson is 23% lower than the national average.
  • The cost of housing in Thompson is 64% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,500$4,292$1,202$1,545
Renters$24,519$2,043$572$736

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemThompsonNational avg.Difference
Haircut $18.99$15.5622.0%
Beauty Salon $25.45$36.1129.5%
Toothpaste $2.37$2.474.3%
Shampoo $1.02$0.966.0%
Movie $8.67$10.1314.4%
Bowling $3.50$4.7426.1%

Groceries

ItemThompsonNational avg.Difference
Ground Beef $3.47$3.9812.9%
Fried Chicken $1.96$1.4139.1%
Milk $1.90$2.067.8%
Potatoes $2.40$2.9819.6%
Pizza $9.32$9.471.6%
Beer $8.57$8.792.5%

Health Care

ItemThompsonNational avg.Difference
Optometrist $79.50$101.0421.3%
Doctor $120.67$107.4412.3%
Dentist $82.14$90.429.2%
Ibuprofen $10.41$9.2812.2%
Lipitor $441.04$426.503.4%

Housing

ItemThompsonNational avg.Difference
Home Price $47,500.00$175,700.0073.0%
Avg. Mortgage Payment $889.35$1,133.2321.5%
Apartment Rent $525.00$920.0042.9%

Transportation

ItemThompsonNational avg.Difference
Gasoline $1.86$1.996.6%
Tire Balancing $25.16$45.7645.0%

Utilities

ItemThompsonNational avg.Difference
All Electricity$174.36$163.816.4%
Phone $21.97$28.3922.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Miller, IA094-6%
Hayfield, IA094-6%
Scarville, IA9972-28%
Woden, IA22873-27%
Rake, IA17574-26%
Thompson, IA56877-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Simla, CO56886-14%
Farmersville, IL56885-15%
Hillsboro, IN56883-17%
Los Ebanos CDP (Starr County), TX56871-29%
Cuyamungue, NM5681000%
Thompson, IA56877-23%
Source: The Thompson, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.