Thompson is a city in Winnebago County, Iowa, United States. The population was 502 at the 2010 census. Thompson is home to the Winnebago County Fair held annually. Thompson was platted in 1892. It was incorporated as a city in 1894.
As of 2025 the population of Thompson is 528. The population is expected to grow to 528 by 2030 - a growth rate of 0.00%.
The median age of Thompson residents is 47.
The diversity index of Thompson is 25.9, meaning that there is a 26% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Thompson is $70,920 and projected to be $75,743 in 2030. Per capita income is $32,371, projected to be $33,855 in 2030. 0.76% of households – 4 – have an income of $200,000 or higher. Average net worth is $610,594 and the average disposable income is $54,294.
There are 271 housing units in Thompson; 186 are owner-occupied, 55 are rented, and 30 are vacant. The average home value is $196,788, with 3 homes built in 2010 or later, and 86 built in 1939 or earlier.
There are 44 businesses in Thompson, employing 223 workers and pulling from a labor force of 201 age 16 and above. 41 workers commute into Thompson from outside the county or state. Key industries for the area include:
158 residents both live and work in/around Thompson. The average travel time is 0.0 minutes. 6.96% people have a commute of less than 5 minutes while 1.27% commute 90 minutes or more each way. Of commuters, 161 drive alone, 5 carpool, and 0 take public transportation. 19 use other modes of transport such as motorcycle, bicycle, walking, etc. 16 residents work from home.
121 members of the workforce hold a high school diploma or GED. 42 have associates degrees, 110 have bachelor’s degrees, and 26 hold a graduate or professional degree.
