Tipton, IN
Population 5,255 · Indiana
About Tipton, IN
Tipton is a small town located in Indiana with a population of 5,255 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,709 per year, which is 14% below the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Tipton features a median home value of $148,800, which is 39% below the national median of $244,900. This positions Tipton in a moderately priced market relative to the rest of the country. Median monthly rent is $853, 27% below the national average of $1,163/month. Of the 2,518 total housing units, 68% are owner-occupied (1,501 units) and 32% are renter-occupied (713 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tipton shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 18.1%, above the national average of 12.4%. Workers in Tipton have an average one-way commute time of 21.7 minutes.
Education & Demographics
23.2% of Tipton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.6% White, 0.3% Hispanic or Latino, 0.7% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Tipton, IN
Compared to national averages, Tipton has a median household income of $64,709 (14% below the national median of $75,149). Home values average $148,800, which is 39% below the national median. Monthly rent at $853 is 27% below the US average of $1,163. Within Indiana, Tipton's income is 7% below the state average of $69,330, and home values are 9% below the state median of $163,409.
Why Live in Tipton, IN?
Tipton offers affordable housing with a median home value of $148,800, below the US average of $244,900, and rent that’s lower than the national average at $853/month, and short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($64,709) that falls below the national average. However, Tipton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tipton has a population of 5,255 with a median age of 40.3 years. Compare Tipton with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Tipton
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westville | 5,291 | $59,732 | $152,000 | Compare |
| Porter | 5,208 | $74,155 | $259,700 | Compare |
| Highland | 5,188 | $95,696 | $216,800 | Compare |
| Lawrenceburg | 5,155 | $52,778 | $191,400 | Compare |
| Linton | 5,153 | $41,968 | $86,800 | Compare |
| Alexandria | 5,145 | $60,616 | $92,700 | Compare |
| Rensselaer | 5,369 | $61,648 | $149,100 | Compare |
| Pendleton | 5,115 | $87,971 | $236,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Tipton With Other Cities
Frequently Asked Questions about Tipton
What is the population of Tipton, IN?
The population of Tipton, IN is 5,255 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Tipton?
The median household income in Tipton, IN is $64,709 per year, which is 14% below the national median of $75,149.
What is the median home value in Tipton?
The median home value in Tipton, IN is $148,800, which is 39% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tipton?
The median monthly rent in Tipton, IN is $853, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton, IN is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tipton, IN a good place to live?
Tipton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 5,255 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Tipton, IN?
23.2% of residents in Tipton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Tipton?
Key cost-of-living indicators for Tipton, IN: median home value is $148,800 (39% below national), median rent is $853/month, and median household income is $64,709. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tipton?
The poverty rate in Tipton, IN is 18.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Tipton, IN?
Tipton's population is 2.6% White, 0.3% Hispanic or Latino, 0.7% Black or African American, 0.0% Asian, and 1.8% two or more races. 2.4% of residents are foreign-born.