Tipton, KS is a small town located in northeast Kansas. It offers a variety of services and amenities for its residents including local businesses such as Tipton Supermarket, Tipton Feed Store, and The Grindhouse Cafe. Rent for two bedrooms in Tipton is $800 compared to $1,430 nationwide which makes it more affordable to live there. Furthermore, the Grocery Cost Index in Tipton is 92 compared to 100 in the US. This means that groceries are cheaper in Tipton than on average across the country which allows residents to stretch their incomes further while maintaining an enjoyable lifestyle. Overall, living in Tipton can provide its residents with an affordable lifestyle when compared to the rest of the United States.
Tipton has an unemployment rate of 2.2%. The US average is 6.0%.
Tipton has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Tipton
- The Sales Tax Rate for Tipton is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Tipton is 5.7%. 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 $36,696 a year. The US average is $37,638 a year.
- The Median household income of a Tipton resident is $35,750 a year. The US average is $69,021 a year.