Living in Tipton, Iowa
Cost of living, income, home prices, rent and demographics of Tipton · Census data 2020–2024
Tipton has 3,106 residents with a median age of 38.3. The median household income is $61,115 (19% lower than the Iowa median), the median home value is $165,500, the median rent is $845/month.
Tipton at a glance
- Population
- 3,106
- Median age
- 38.3State: 38.6
- Median household income
- $61,115State: $75,059
- Median home value
- $165,500State: $208,000
- Median rent
- $845/moState: $972
- Homeowners
- 72.2%
- Bachelor's degree or higher
- 20.2%
- Average commute
- 26 min
Is Tipton a good place to live?
Pros: Home values 20% lower than the state median; unemployment of 1%.
Cons: Median household income 19% lower than the Iowa median; an average commute of 26 minutes; a poverty rate of 12.3%.
The weather is best in June to September.
Cost of living in Tipton
Housing is the biggest part of the cost of living. In Tipton the median home value is $165,500, 50% lower than the U.S. median. Renters pay a median of $845 per month, which is 39% of household income. Homeowners with a mortgage pay $1,359 a month in housing costs.
Tipton median household income
The median household income in Tipton is $61,115 and the income per person is $33,452. 12.3% of residents live below the poverty line (Iowa: 11.1%).
Housing in Tipton: homes for sale and rent
- Housing units
- 1,540
- Owner-occupied
- 72.2%
- Renter-occupied
- 27.8%
- Vacant
- 13.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.23
Tipton demographics
- Population
- 3,106
- Median age
- 38.3
- Under 18
- 24.1%
- 65 and older
- 20.2%
- Households
- 1,339
- Foreign-born
- 1%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Tipton ›
Education in Tipton
20.2% of adults 25 and older in Tipton have a bachelor's degree or higher (Iowa: 31.4%), and 4.8% have a graduate or professional degree.
Jobs and commute in Tipton
- Unemployment rate
- 1%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 9.1%
- Drive alone
- 75.1%
- Public transit
- 0%
- Walk to work
- 4.5%
- Homes with broadband
- 83.2%
Tipton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tipton | 3,106 | $61,115 | $165,500 | $845 |
| Bennett | 390 | $69,375 | $130,300 | $886 |
| Stanwood | 533 | $63,264 | $145,000 | $945 |
| Clarence | 1,166 | $56,250 | $154,300 | $888 |
| Mechanicsville | 964 | $70,000 | $161,400 | — |
| Lowden | 699 | $56,118 | $119,800 | $839 |
| West Branch | 2,594 | $92,209 | $216,100 | $1,053 |
| New Liberty | 141 | $86,250 | $127,800 | $1,375 |
| Wilton | 2,920 | $76,648 | $189,200 | $805 |
More for people moving to Tipton
Tipton ZIP code ›Weather and climate ›Living in Tipton: FAQ
What is the median household income in Tipton, IA?
The median household income in Tipton is $61,115, 19% lower than the Iowa median of $75,059 (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 $165,500, compared with $208,000 in Iowa.
How much is rent in Tipton?
The median gross rent in Tipton is $845 per month, about 39% of household income.
Is Tipton, IA a good place to live?
Pluses: home values 20% lower than the state median; unemployment of 1%. Minuses: median household income 19% lower than the Iowa median; an average commute of 26 minutes; a poverty rate of 12.3%.
What is the median age in Tipton?
The median age in Tipton is 38.3 years (Iowa: 38.6).
How long is the commute in Tipton?
The average commute to work in Tipton is 26 minutes; 9.1% of workers work from home.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tipton?
20.2% 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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