You could do the following:
def Lists():
my_list1 = [30,34,56]
my_list2 = [29,500,43]
for element in my_list1:
print(element >= 30)
for element in my_list2:
print(element >= 30)
Lists()
This will return the values that are greater than 30 as True, and the values that are smaller as false.