Living in Tipton, Indiana
Cost of living, income, home prices, rent and demographics of Tipton · Census data 2020–2024
Tipton has 5,280 residents with a median age of 37. The median household income is $59,828 (17% lower than the Indiana median), the median home value is $161,700, the median rent is $848/month.
Tipton at a glance
- Population
- 5,280
- Median age
- 37State: 38.1
- Median household income
- $59,828State: $71,957
- Median home value
- $161,700State: $218,200
- Median rent
- $848/moState: $1,062
- Homeowners
- 67.4%
- Bachelor's degree or higher
- 22.1%
- Average commute
- 26 min
Is Tipton a good place to live?
Pros: Home values 26% lower than the state median; unemployment of 1.7%.
Cons: Median household income 17% lower than the Indiana median; an average commute of 26 minutes; a poverty rate of 17.7%.
The weather is best in May–June and August–September.
Cost of living in Tipton
Housing is the biggest part of the cost of living. In Tipton the median home value is $161,700, 51% lower than the U.S. median. Renters pay a median of $848 per month, which is 17.2% of household income. Homeowners with a mortgage pay $1,219 a month in housing costs.
Tipton median household income
The median household income in Tipton is $59,828 and the income per person is $33,301. 17.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Tipton: homes for sale and rent
- Housing units
- 2,442
- Owner-occupied
- 67.4%
- Renter-occupied
- 32.6%
- Vacant
- 9.6%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.30
Tipton demographics
- Population
- 5,280
- Median age
- 37
- Under 18
- 22.6%
- 65 and older
- 23%
- Households
- 2,207
- Foreign-born
- 3.2%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Tipton ›
Education in Tipton
22.1% of adults 25 and older in Tipton have a bachelor's degree or higher (Indiana: 29.5%), and 7.9% have a graduate or professional degree.
Jobs and commute in Tipton
- Unemployment rate
- 1.7%State: 4.3%
- Average commute
- 26 minState: 24 min
- Work from home
- 7.4%
- Drive alone
- 73.6%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 89.4%
Tipton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tipton | 5,280 | $59,828 | $161,700 | $848 |
| Atlanta | 816 | $69,286 | $148,400 | $1,134 |
| Goldsmith | 279 | $160,439 | $291,200 | — |
| Windfall City | 705 | $58,550 | $88,700 | $869 |
| Sharpsville | 662 | $92,500 | $116,700 | $1,116 |
| Arcadia | 1,556 | $66,901 | $182,900 | $971 |
| Hemlock | 132 | $126,083 | $208,300 | — |
| Kempton | 225 | $52,500 | $118,800 | $808 |
| Center | 605 | $103,875 | $230,000 | — |
More for people moving to Tipton
Tipton ZIP code ›Weather and climate ›Living in Tipton: FAQ
What is the median household income in Tipton, IN?
The median household income in Tipton is $59,828, 17% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Tipton?
The median home value in Tipton is $161,700, compared with $218,200 in Indiana.
How much is rent in Tipton?
The median gross rent in Tipton is $848 per month, about 17.2% of household income.
Is Tipton, IN a good place to live?
Pluses: home values 26% lower than the state median; unemployment of 1.7%. Minuses: median household income 17% lower than the Indiana median; an average commute of 26 minutes; a poverty rate of 17.7%.
What is the median age in Tipton?
The median age in Tipton is 37 years (Indiana: 38.1).
How long is the commute in Tipton?
The average commute to work in Tipton is 26 minutes; 7.4% of workers work from home.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tipton?
22.1% of adults in Tipton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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