Cost of Living in Tipton, IN
Population 5,255 · Indiana · Data vintage 2023
(100 = US avg)
Tipton offers a notably favorable income-to-housing ratio for its region. The typical home — $149,000 — costs less than 2.3 times median household income of $64,709, a threshold many coastal markets passed a decade ago.
Tipton sits roughly 25 miles north of Fishers — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 60% lower than Fishers' $370,000.
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 $148,800 — 51% below the national median of $305,000. Median rent runs $853/month, 35% lower than the national median of $1,314/month. The median household income of $64,709/year is 13% lower than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Tipton has a cost of living index of 55 versus the US average of 100, meaning it is 45% 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, IN?
Tipton has a cost index of 55 (100 = national average). It is 45% below the national average.
What is average rent in Tipton, IN?
The median gross rent in Tipton is $853 per month based on 2023 Census data.
What is the average home price in Tipton?
The median home value in Tipton is $148,800 according to Zillow and Census data.
What is the median income in Tipton?
The median household income in Tipton is $64,709 per year (2023 ACS 5-year estimates).
What is the sales tax in Tipton, IN?
The combined state and local sales tax rate in Tipton is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Tipton, IN affordable?
Yes, Tipton is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.
Tipton at a Glance
- Population
- 5,255
- Median Income
- $64,709
- Home Value
- $148,800
- Median Rent
- $853/mo
- Unemployment
- 4.4%
- Sales Tax
- 7.0%
Explore county-level cost of living data
Indiana Rankings
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