Tipton, IN
Population 5,255 · Indiana
About Tipton, IN
Tipton is a small community in Indiana with a population of 5,255 residents. The median household income is $64,709 per year, which is near the national average. The median age in Tipton is 40.3 years.
Housing in Tipton has a median home value of $148,800 and median monthly rent of $853. Of the 2,518 total housing units, the majority are owner-occupied, with 1,501 owner-occupied and 713 renter-occupied units.
The unemployment rate in Tipton is 4.4% and the poverty rate is 18.1%. 23.2% of residents hold a bachelor's degree or higher. The average commute time is 21.7 minutes.
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.
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Frequently Asked Questions about Tipton
What is the population of Tipton, IN?
The population of Tipton, IN is 5,255 according to the latest Census data.
What is the median household income in Tipton?
The median household income in Tipton, IN is $64,709 per year.
What is the median home value in Tipton?
The median home value in Tipton, IN is $148,800.
What is the average rent in Tipton?
The median monthly rent in Tipton, IN is $853.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton, IN is 4.4%.