Tipton, Iowa is a small town located in Cedar County. It is known for its friendly atmosphere and close-knit community. The city boasts a low cost of living when compared to the United States as a whole. For example, the 2 bedroom rent in Tipton is $810 compared to the US average of $1,430 and the grocery cost index in Tipton is 96 versus 100 in the US.
The city of Tipton has many local businesses that offer goods and services that benefit residents. Some of these include Meyers Hardware Store, Tom's Farm Supply, and Miller's Auto Repair. It also has several attractions like Hillside Park and Cedar Valley Golf Course which provide plenty of entertainment options for visitors and locals alike.
Tipton has an unemployment rate of 4.1%. The US average is 6.0%.
Tipton has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Tipton
- The Sales Tax Rate for Tipton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tipton is 9.0%. 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 $31,885 a year. The US average is $37,638 a year.
- The Median household income of a Tipton resident is $72,841 a year. The US average is $69,021 a year.