Tipton, MO is a small town located in southwest Missouri, near the Arkansas border. It has a thriving business district filled with local stores and restaurants. The 2 bedroom rent in Tipton is significantly lower than the national average, at $720 compared to $1430. This makes it a great option for those looking for an affordable place to live. The grocery cost index in Tipton is 93 relative to the US's 100, making groceries more affordable here than in many US cities. Local businesses in Tipton include Big B's Home Center, which specializes in construction supplies and materials; Small Town Cafe, which serves classic diner favorites; and Coleman Hardware & Supply Inc., where customers can find home improvement products and tools. All of these factors combined make Tipton an attractive option for those looking for a low-cost but quality lifestyle.
Tipton has an unemployment rate of 3.4%. The US average is 6.0%.
Tipton has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Tipton
- The Sales Tax Rate for Tipton is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Tipton is 5.9%. 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 $13,417 a year. The US average is $37,638 a year.
- The Median household income of a Tipton resident is $43,631 a year. The US average is $69,021 a year.