Lake Mills vs Thompson

A side-by-side comparison of Lake Mills and Thompson: population, income, housing, and more.

Lake Mills and Thompson are places in Iowa. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lake Mills has the higher population (2,054 vs 448 in Thompson). Lake Mills has the higher median household income ($70,333 vs $49,375 in Thompson). Lake Mills has the higher median home value ($127,100 vs $99,600 in Thompson).

Population, income & housing

	Lake Mills	Thompson
Population	2,054	448
Median age	43.8 yrs	60.3 yrs
Median household income	$70,333	$49,375
Median home value	$127,100	$99,600
Median gross rent	$615	$696
Housing units	999	311
Homeownership rate	67.1%	76.7%
Bachelor's degree or higher	17.3%	34.0%
Unemployment rate	2.9%	4.5%

Trends (ACS 5-year, 2019–2023)

	Lake Mills	Thompson
Population	2,067 → 2,054 (-0.6%)	382 → 448 (+17.3%)
Median household income	$48,542 → $70,333 (+44.9%)	$44,500 → $49,375 (+11.0%)
Median home value	$101,600 → $127,100 (+25.1%)	$68,300 → $99,600 (+45.8%)
Median gross rent	$616 → $615 (-0.2%)	$689 → $696 (+1.0%)

Lake Mills

Population

2,0672,054

Median household income

$48,542$70,333

Median home value

$101,600$127,100

Median gross rent

$616$615

Thompson

Population

382448

Median household income

$44,500$49,375

Median home value

$68,300$99,600

Median gross rent

$689$696

Age & race/ethnicity

Age distribution (share)

	Lake Mills	Thompson
Under 5	3.7%	1.8%
5 to 17	16.9%	9.4%
18 to 24	6.4%	4.7%
25 to 34	15.3%	5.1%
35 to 44	9.4%	10.3%
45 to 54	10.0%	12.1%
55 to 64	14.5%	17.0%
65 to 74	8.5%	25.9%
75 and over	15.3%	13.8%

Race & ethnicity (share)

	Lake Mills	Thompson
White (non-Hispanic)	90.2%	92.0%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.2%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	0.6%	1.1%
Hispanic or Latino	9.0%	6.9%

Educational attainment (age 25+)

Share of adults 25+

	Lake Mills	Thompson
No high school diploma	5.1%	11.7%
High school graduate	40.1%	31.8%
Some college or associate's	37.6%	22.5%
Bachelor's degree	12.1%	29.2%
Graduate or professional degree	5.2%	4.8%

Commute to work

How workers get to work (share)

	Lake Mills	Thompson
Drove alone	87.4%	80.1%
Carpooled	6.1%	2.5%
Public transit	0.0%	0.0%
Walked	2.2%	4.5%
Bicycle	0.0%	0.0%
Worked from home	3.8%	8.0%
Other means	0.5%	5.0%

Housing

Units in structure (share)

	Lake Mills	Thompson
1-unit, detached	81.3%	91.0%
1-unit, attached	0.3%	0.0%
2 to 4 units	7.0%	0.0%
5 to 19 units	9.0%	7.7%
20 or more units	1.4%	0.0%
Mobile home & other	1.0%	1.3%

Poverty & households

	Lake Mills	Thompson
Poverty rate	15.9%	8.1%
Average household size	2.15	1.61
Mean commute (minutes)	16	18
Median year structure built	1965	1958