Personal loans in Thompson, ND
Two households in Thompson with comparable incomes can still be offered different rates; the city's 1,069 residents are not the reason. State law, not city hall, decides what a lender may do to Thompson's roughly 1,069 residents, and a state regulator supervises it. At about 1,069 residents, Thompson is larger than roughly 88% of the places in North Dakota. Compare APR, not the interest rate, because the APR folds in most fees on a Thompson loan. Population in Thompson dropped about 2.6% over the three years from 2020 to 2023. The closest larger city is Grand Forks, ND about 10 miles away.
Where Thompson stands
Thompson is a small community; the notes below cover its population profile and the statewide rules that apply.
- Population: a Census-estimated 1,069, 44th among North Dakota's 355 places (Vintage 2023).
- Population trend: A decline of about 2.6% across the 2020-to-2023 comparison.
- Absolute change: 29 residents lost between 2020 and 2023.
- Size percentile: about 88% of North Dakota communities are smaller than Thompson (1,069 residents).
- Population density: about 2,475 people per square mile (Census land area 0.4 sq mi).
- Land area: Thompson covers 0.4 square miles, the 206th-largest area among North Dakota's 355 places.
- Share of North Dakota: Thompson holds about 0.2% of the state's population, some 1,069 people.
- National rank: Thompson is 9,959th of 19,457 places nationwide.
- Growth rank: Thompson's 2020-to-2023 change ranks 232nd of 355 places in North Dakota.
- Versus North Dakota: the state average change is -1.2%, while Thompson moved 2.6%.
- Density rank: Thompson places 5th among North Dakota's places by people per square mile.
- Against the state median: Thompson runs about 2,475 residents per square mile, where the North Dakota median is 352.
- Location: the Census Gazetteer records it at 47.7746, -97.1044.
- Nearest larger cities: Grand Forks (10 mi); East Grand Forks (11 mi); Mayville (22 mi); Crookston (23 mi); Hillsboro (26 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
- Smaller communities within reach: Reynolds (7 mi); Buxton (12 mi); Fisher (14 mi).
- Smaller neighbours: 47 places smaller than Thompson sit within 50 miles.
- Within 100 miles: 37 places are larger than Thompson.
Thompson's place among North Dakota's 355 places
Among North Dakota's 355 places, Thompson sits at 44th for population, a share of roughly 0.2% of the state. On the 2020-to-2023 trend, Thompson stands 232nd among North Dakota's 355 places — roughly the 35th percentile. By density, at about 2,475 people per square mile, it ranks 5th in North Dakota. Between 2020 and 2023 the count changed by roughly 29 residents.
What North Dakota law requires in Thompson
Read the table as a lender's compliance picture for Thompson: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | North Dakota Department of Financial Institutions (NDDFI) Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters." | North Dakota Department of Financial Institutions as of 2026-09-16 |
| Usury penalties (state-specific rule) | Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor. Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11). | North Dakota Legislative Branch as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%. Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%). | North Dakota Department of Financial Institutions as of 2026-09-16 |
Lender access in Thompson
Thompson is fairly dense, with about 2,475 people per square mile and 11 larger places within 50 miles. Distance to a branch rarely matters for Thompson's 1,069 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Grand Forks, ND about 10 miles away.
Before you apply in Thompson
These steps shape the offer you get in Thompson, a place of about 1,069 people:
- Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
- Use the loan calculator to test the payment on your intended amount and term.
- Collect three or more offers and compare them on APR, not on the advertised rate.
- Confirm the lender holds a North Dakota licence by checking the regulator named above.
- Do not borrow more than the expense calls for, even if a lender approves a larger amount.
- Be clear on what the loan is for and how it gets repaid.
- If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
The process is identical across North Dakota; what changes is your credit file, not the fact that Thompson holds 1,069 people.
The geography behind Thompson
Thompson's land area is roughly 0.4 square miles, and the Gazetteer records no significant water area within it. With 1,069 residents, the land area yields roughly 2,475 people per square mile. The largest place in North Dakota, Fargo, lies about 64 miles away. Counting outward 50 miles, 11 larger communities surround Thompson. By land area it ranks 206th of 355 North Dakota places.
Common questions
What are my options in Thompson if my credit is poor?
What loan size can I expect in Thompson?
Do I have to pledge anything to borrow in Thompson?
Does comparing loans in Thompson cost me credit score points?
Nearby places
- Reynolds, ND — population 268
- Grand Forks, ND — population 58,921
- Buxton, ND — population 349
- East Grand Forks, MN — population 8,929
- Emerado, ND — population 441
- Fisher, MN — population 404
- Manvel, ND — population 369
- Climax, MN — population 240