Tipton, OK
Population 773 · Oklahoma
About Tipton, OK
Tipton is a small community located in Oklahoma with a population of 773 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,125 per year, which is 43% below the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Tipton features a median home value of $74,700, which is 69% 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 $583, 50% below the national average of $1,163/month. Of the 401 total housing units, 79% are owner-occupied (202 units) and 21% are renter-occupied (54 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tipton shows an unemployment rate of 8.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.1%, above the national average of 12.4%. Workers in Tipton have an average one-way commute time of 24.8 minutes.
Education & Demographics
21.2% 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 21.1% White, 5.8% Hispanic or Latino, 0.6% Black or African American, and 2.8% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Tipton, OK
Compared to national averages, Tipton has a median household income of $43,125 (43% below the national median of $75,149). Home values average $74,700, which is 69% below the national median. Monthly rent at $583 is 50% below the US average of $1,163. Within Oklahoma, Tipton's income is 24% below the state average of $56,382, and home values are 38% below the state median of $119,992.
Why Live in Tipton, OK?
Tipton offers affordable housing with a median home value of $74,700, below the US average of $244,900, and rent that’s lower than the national average at $583/month, and short commute times averaging just 24.8 minutes.
Potential considerations include median household income ($43,125) 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 773 with a median age of 44.5 years. Compare Tipton with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Demographics
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Economy & Education
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Other Cities in Oklahoma
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, OK?
The population of Tipton, OK is 773 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Tipton?
The median household income in Tipton, OK is $43,125 per year, which is 43% below the national median of $75,149.
What is the median home value in Tipton?
The median home value in Tipton, OK is $74,700, which is 69% 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, OK is $583, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Tipton?
The unemployment rate in Tipton, OK is 8.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tipton, OK a good place to live?
Tipton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 773 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Tipton, OK?
21.2% 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, OK: median home value is $74,700 (69% below national), median rent is $583/month, and median household income is $43,125. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tipton?
The poverty rate in Tipton, OK is 24.1%, 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, OK?
Tipton's population is 21.1% White, 5.8% Hispanic or Latino, 0.6% Black or African American, 2.8% Asian, and 4.7% two or more races. 1.4% of residents are foreign-born.