Living in Tipton, Missouri
Cost of living, income, home prices, rent and demographics of Tipton · Census data 2020–2024
Tipton has 2,667 residents with a median age of 39.6. The median household income is $49,257 (30% lower than the Missouri median), the median home value is $130,200, the median rent is $785/month.
Tipton at a glance
- Population
- 2,667
- Median age
- 39.6State: 39
- Median household income
- $49,257State: $70,702
- Median home value
- $130,200State: $230,300
- Median rent
- $785/moState: $1,033
- Homeowners
- 70.4%
- Bachelor's degree or higher
- 7%
- Average commute
- 21 min
Is Tipton a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 21 minutes; unemployment of 0.6%.
Cons: Median household income 30% lower than the Missouri median; a poverty rate of 20.4%.
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 $130,200, 61% lower than the U.S. median. Renters pay a median of $785 per month, which is 25.7% of household income. Homeowners with a mortgage pay $1,064 a month in housing costs.
Tipton median household income
The median household income in Tipton is $49,257 and the income per person is $14,832. 20.4% of residents live below the poverty line (Missouri: 12.6%).
Housing in Tipton: homes for sale and rent
- Housing units
- 769
- Owner-occupied
- 70.4%
- Renter-occupied
- 29.6%
- Vacant
- 13.9%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.34
Tipton demographics
- Population
- 2,667
- Median age
- 39.6
- Under 18
- 19.4%
- 65 and older
- 15.6%
- Households
- 662
- Foreign-born
- 1.9%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Tipton ›
Education in Tipton
7% of adults 25 and older in Tipton have a bachelor's degree or higher (Missouri: 32.4%), and 2.2% have a graduate or professional degree.
Jobs and commute in Tipton
- Unemployment rate
- 0.6%State: 4%
- Average commute
- 21 minState: 24 min
- Work from home
- 10%
- Drive alone
- 76.4%
- Public transit
- 0%
- Walk to work
- 6%
- Homes with broadband
- 80.4%
Tipton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tipton | 2,667 | $49,257 | $130,200 | $785 |
| Fortuna | 256 | $115,560 | $422,400 | — |
| Clarksburg | 304 | $41,250 | $94,200 | $715 |
| Bunceton | 256 | $43,500 | $82,500 | $650 |
| California | 4,509 | $63,864 | $152,700 | $756 |
| Otterville | 489 | $48,828 | $122,800 | $800 |
| Prairie Home | 251 | $53,750 | $131,300 | $825 |
| Versailles | 2,610 | $33,586 | $117,500 | $474 |
| Pilot Grove | 744 | $73,977 | $133,000 | $717 |
More for people moving to Tipton
Tipton ZIP code ›Weather and climate ›Living in Tipton: FAQ
What is the median household income in Tipton, MO?
The median household income in Tipton is $49,257, 30% lower than the Missouri median of $70,702 (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 $130,200, compared with $230,300 in Missouri.
How much is rent in Tipton?
The median gross rent in Tipton is $785 per month, about 25.7% of household income.
Is Tipton, MO a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 21 minutes; unemployment of 0.6%. Minuses: median household income 30% lower than the Missouri median; a poverty rate of 20.4%.
What is the median age in Tipton?
The median age in Tipton is 39.6 years (Missouri: 39).
How long is the commute in Tipton?
The average commute to work in Tipton is 21 minutes; 10% of workers work from home.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton is 0.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tipton?
7% 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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