Tipton

Population: 5,255
Median household income: $64,709
Median home value: $148,800

Located in Tipton County, Indiana, Tipton is a community with a population of 5,255. The median household income of $64,709 is below the Tipton County median ($78,309).

Between 2019 and 2023, Tipton's population grew 5.8% from 4,969 to 5,255, while its median home value rose 63.2% from $91,200 to $148,800.

The largest age group is 25 to 34, 16.9% of residents. White (non-Hispanic) residents are the largest group, 91.5% of the population.

Demographics

ACS 2019–2023

Population: 5,255
Median age: 40.3 yrs
Median household income: $64,709
Median home value: $148,800
Median gross rent: $853
Housing units: 2,518
Homeownership rate: 67.8%
Bachelor's degree or higher: 23.2%
Unemployment rate: 4.4%

Trends

ACS 5-year · 2019–2023

Population

4,9695,255

Median household income

$52,538$64,709

Median home value

$91,200$148,800

Median gross rent

$775$853

Year	Population	Median household income	Median home value	Median gross rent
2019	4,969	$52,538	$91,200	$775
2020	4,974	$63,451	$104,200	$745
2021	5,211	$57,176	$116,300	$766
2022	5,255	$64,167	$138,500	$835
2023	5,255	$64,709	$148,800	$853

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.8%

5 to 1713.9%

18 to 245.7%

25 to 3416.9%

35 to 449.8%

45 to 5413.3%

55 to 6410.3%

65 to 749.8%

75 and over13.4%

	Count	Share
Under 5	358	6.8%
5 to 17	733	13.9%
18 to 24	301	5.7%
25 to 34	888	16.9%
35 to 44	515	9.8%
45 to 54	701	13.3%
55 to 64	539	10.3%
65 to 74	516	9.8%
75 and over	704	13.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,806	91.5%
Black or African American	94	1.8%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	30	0.6%
Two or more races	152	2.9%
Hispanic or Latino (any race)	173	3.3%

Educational attainment (age 25+)

No high school diploma11.4%

High school graduate39.2%

Some college or associate's26.1%

Bachelor's degree15.8%

Graduate or professional degree7.4%

	Count	Share
No high school diploma	442	11.4%
High school graduate	1,516	39.2%
Some college or associate's	1,008	26.1%
Bachelor's degree	610	15.8%
Graduate or professional degree	287	7.4%

Commute to work

Mean travel time to work: 22 min

Drove alone70.4%

Carpooled15.0%

Public transit0.0%

Walked2.7%

Bicycle3.9%

Worked from home6.3%

Other means1.7%

How workers get to work

	Count	Share
Drove alone	1,657	70.4%
Carpooled	354	15.0%
Public transit	0	0.0%
Walked	64	2.7%
Bicycle	91	3.9%
Worked from home	149	6.3%
Other means	40	1.7%

Travel time

	Count	Share
Under 15 min	864	39.2%
15 to 29 min	639	29.0%
30 to 44 min	450	20.4%
45 to 59 min	167	7.6%
60+ min	86	3.9%

Households

Average household size: 2.28
Poverty rate: 18.1% (916 of 5,050)

	Count	Share
Family households	1,555	70.2%
Nonfamily households	659	29.8%

Housing

Median year structure built: 1950

Occupancy

	Count	Share
Occupied	2,214	87.9%
Vacant	304	12.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,501	67.8%
Renter-occupied	713	32.2%

1-unit, detached73.2%

1-unit, attached2.9%

2 to 4 units9.0%

5 to 19 units8.8%

20 or more units2.3%

Mobile home & other3.8%

Units in structure

	Count	Share
1-unit, detached	1,844	73.2%
1-unit, attached	72	2.9%
2 to 4 units	227	9.0%
5 to 19 units	221	8.8%
20 or more units	59	2.3%
Mobile home & other	95	3.8%

Geography

Place GEOID: 1875986
Type (LSAD): 25
Land area: 2.74 sq mi
Water area: 0 sq mi
Center point: 40.2825, -86.0432