Living in Tipton, Oklahoma
Cost of living, income, home prices, rent and demographics of Tipton · Census data 2020–2024
Tipton has 784 residents with a median age of 42.5. The median household income is $63,125 (about the same as the Oklahoma median), the median home value is $73,300, the median rent is $549/month.
Tipton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Tipton at a glance
- Population
- 784
- Median age
- 42.5State: 37
- Median household income
- $63,125State: $65,039
- Median home value
- $73,300State: $199,800
- Median rent
- $549/moState: $1,014
- Homeowners
- 76.5%
- Bachelor's degree or higher
- 17%
- Average commute
- 27 min
Is Tipton a good place to live?
Pros: Home values 63% lower than the state median; unemployment of 4.3%.
Cons: Median household income about the same as the Oklahoma median; an average commute of 27 minutes; a poverty rate of 23.5%.
The weather is best in April–May and September–October.
Cost of living in Tipton
Housing is the biggest part of the cost of living. In Tipton the median home value is $73,300, 78% lower than the U.S. median. Renters pay a median of $549 per month, which is 17.9% of household income. Homeowners with a mortgage pay $978 a month in housing costs.
Tipton median household income
The median household income in Tipton is $63,125 and the income per person is $24,939. 23.5% of residents live below the poverty line (Oklahoma: 15.3%).
Housing in Tipton: homes for sale and rent
- Housing units
- 399
- Owner-occupied
- 76.5%
- Renter-occupied
- 23.5%
- Vacant
- 29.6%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.56
Tipton demographics
- Population
- 784
- Median age
- 42.5
- Under 18
- 25%
- 65 and older
- 16.6%
- Households
- 281
- Foreign-born
- 1.5%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Tipton ›
Education in Tipton
17% of adults 25 and older in Tipton have a bachelor's degree or higher (Oklahoma: 28.3%), and 4.4% have a graduate or professional degree.
Jobs and commute in Tipton
- Unemployment rate
- 4.3%State: 5%
- Average commute
- 27 minState: 22 min
- Work from home
- 7.2%
- Drive alone
- 80.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 85.1%
Tipton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tipton | 784 | $63,125 | $73,300 | $549 |
| Manitou | 224 | $86,875 | $41,600 | — |
| Frederick | 3,445 | $44,595 | $89,300 | $743 |
| Altus | 18,646 | $55,295 | $152,200 | $854 |
| Snyder | 1,297 | $41,099 | $102,400 | $651 |
| Olustee | 555 | $63,145 | $113,300 | $582 |
| Mountain Park | 265 | $24,938 | $66,300 | $533 |
| Davidson | 169 | $33,750 | $40,500 | $572 |
| Martha | 134 | $64,375 | $107,100 | $625 |
More for people moving to Tipton
Tipton ZIP code ›Weather and climate ›Living in Tipton: FAQ
What is the median household income in Tipton, OK?
The median household income in Tipton is $63,125, about the same as the Oklahoma median of $65,039 (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 $73,300, compared with $199,800 in Oklahoma.
How much is rent in Tipton?
The median gross rent in Tipton is $549 per month, about 17.9% of household income.
Is Tipton, OK a good place to live?
Pluses: home values 63% lower than the state median; unemployment of 4.3%. Minuses: median household income about the same as the Oklahoma median; an average commute of 27 minutes; a poverty rate of 23.5%.
What is the median age in Tipton?
The median age in Tipton is 42.5 years (Oklahoma: 37).
How long is the commute in Tipton?
The average commute to work in Tipton is 27 minutes; 7.2% of workers work from home.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tipton?
17% 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.
Last updated: