Tipton, MO
Population 2,680 · Missouri
About Tipton, MO
Tipton is a small town located in Missouri with a population of 2,680 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,370 per year, which is 40% below the national median of $75,149. The median age of 38.2 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 $119,900, which is 51% below the national median of $244,900. This makes Tipton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $768, 34% below the national average of $1,163/month. Of the 739 total housing units, 63% are owner-occupied (417 units) and 37% are renter-occupied (245 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Tipton shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Tipton have an average one-way commute time of 29.7 minutes.
Education & Demographics
7.7% 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Tipton, MO
Compared to national averages, Tipton has a median household income of $45,370 (40% below the national median of $75,149). Home values average $119,900, which is 51% below the national median. Monthly rent at $768 is 34% below the US average of $1,163. Within Missouri, Tipton's income is 26% below the state average of $61,047, and home values are 20% below the state median of $150,786.
Why Live in Tipton, MO?
Tipton offers affordable housing with a median home value of $119,900, below the US average of $244,900, and rent that’s lower than the national average at $768/month, and a strong job market with an unemployment rate of just 1.8%.
Potential considerations include median household income ($45,370) 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 2,680 with a median age of 38.2 years. Compare Tipton with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Tipton
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oronogo | 2,685 | $81,111 | $186,300 | Compare |
| Green Park | 2,688 | $75,833 | $215,100 | Compare |
| Riverview | 2,688 | $53,506 | $74,000 | Compare |
| Marionville | 2,701 | $50,250 | $125,700 | Compare |
| Mountain View | 2,648 | $51,005 | $114,900 | Compare |
| Bel-Ridge | 2,714 | $39,878 | $88,900 | Compare |
| Lathrop | 2,646 | $76,468 | $156,500 | Compare |
| New Madrid | 2,720 | $51,250 | $120,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Tipton, MO is 2,680 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Tipton?
The median household income in Tipton, MO is $45,370 per year, which is 40% below the national median of $75,149.
What is the median home value in Tipton?
The median home value in Tipton, MO is $119,900, which is 51% 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, MO is $768, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton, MO is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Tipton, MO a good place to live?
Tipton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,680 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Tipton, MO?
7.7% 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, MO: median home value is $119,900 (51% below national), median rent is $768/month, and median household income is $45,370. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tipton?
The poverty rate in Tipton, MO is 17.2%, 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, MO?
Tipton's population is 2.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 11.8% two or more races. 2.4% of residents are foreign-born.