Tipton, PA is a small city in the State of Pennsylvania. It is home to many local businesses that offer a variety of services including restaurants, retail stores, and entertainment venues. The cost of living in Tipton is lower than the US average for both rent and grocery costs. A two bedroom apartment in Tipton can be rented for $1,160 compared to $1,430 nationally. Groceries also have a lower price index in Tipton with the index at 100 compared to the national average of 100 as well. Popular local companies in the area include Rea & Derick Construction Co., D'Angelo Funeral Home, and Bower Trucking LLC. With its low cost of living and abundance of local companies, Tipton is an ideal place for families and individuals looking for affordable housing and employment opportunities.
Tipton has an unemployment rate of 6.7%. The US average is 6.0%.
Tipton has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Tipton
- The Sales Tax Rate for Tipton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tipton is 3.1%. 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 $26,777 a year. The US average is $28,555 a year.
- The Median household income of a Tipton resident is $59,265 a year. The US average is $69,021 a year.