Tipton, California is a small town located in the San Joaquin Valley. It is known for its agricultural production and the surrounding natural beauty. The local economy is based mostly on agricultural industries such as farming and dairy production. Businesses in Tipton include a variety of services such as automotive repair shops, restaurants, grocery stores, and hardware stores. The cost of living in Tipton is quite reasonable with 2 bedroom rent averaging $1,150 compared to the national average of $1,430. Grocery costs are also favorable with a grocery index of 97 versus 100 nationally. All this makes Tipton an attractive place to live with a great deal on quality living.
Tipton has an unemployment rate of 11.6%. The US average is 6.0%.
Tipton has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Tipton
- The Sales Tax Rate for Tipton is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Tipton is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tipton
- The average income of a Tipton resident is $9,892 a year. The US average is $28,555 a year.
- The Median household income of a Tipton resident is $34,777 a year. The US average is $69,021 a year.