Housing costs in Thompson?
A typical home costs
$120,700, which is 64.3% less expensive than the national average of
$338,100 and 38.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Thompson costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford Thompson?
To live comfortably in Thompson, Iowa, a minimum annual income of
$23,040 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Thompson?
The cost of living in Thompson, IA is relatively low compared to the national average. The overall cost of living index for the city is 93.3 which is 7 points below the US average. Housing expenses are also relatively low, with an index score of 87.6, meaning that it costs roughly 13% less than the national average to find a home in Thompson. Other factors like utilities, transportation and healthcare are also lower than the average across the US, making it an affordable place to live.