Cost of Living in Tipton, IA
Population 3,111 · Iowa · Data vintage 2023
(100 = US avg)
Buyers in Tipton can reasonably expect a home to cost less than three years of household income — $146,000 against $67,625 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.
Tipton is about 30 miles west of Davenport, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 10% lower than Davenport's $163,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Tipton
The median home value in Tipton is $146,000 — 52% below the national median of $305,000. Median rent runs $823/month, 37% lower than the national median of $1,314/month. The median household income of $67,625/year is 9% lower than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Iowa's top state income tax rate is 5.7% and the combined sales tax is 6.9%. Overall, Tipton has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.
Tipton has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Tipton, IA?
Tipton has a cost index of 54 (100 = national average). It is 46% below the national average.
What is average rent in Tipton, IA?
The median gross rent in Tipton is $823 per month based on 2023 Census data.
What is the average home price in Tipton?
The median home value in Tipton is $146,000 according to Zillow and Census data.
What is the median income in Tipton?
The median household income in Tipton is $67,625 per year (2023 ACS 5-year estimates).
What is the sales tax in Tipton, IA?
The combined state and local sales tax rate in Tipton is 6.9%. The Iowa state income tax top rate is 5.7%.
Is Tipton, IA affordable?
Yes, Tipton is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.
Tipton at a Glance
- Population
- 3,111
- Median Income
- $67,625
- Home Value
- $146,000
- Median Rent
- $823/mo
- Unemployment
- 2.8%
- Sales Tax
- 6.9%
Nearby Cities
Explore county-level cost of living data
Iowa Rankings
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