Tipton County, TN Economy


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United States / Tennessee / / Tipton County / Cities / Zip Codes
Tipton, TN County is a great place to live for those looking for an affordable lifestyle. The two-bedroom rent in Tipton county is $1,030 compared to the US average of $1,430. Furthermore, grocery costs are lower than the national standard with an index of 95 versus 100 in the US. Thus, residents of Tipton county can enjoy a lower cost of living without sacrificing quality. Local businesses such as Walmart and Kroger offer merchandise at more affordable prices than larger chain stores, allowing residents to save even more money when shopping for everyday items. With lower rental costs and low-cost grocery options, Tipton County is an ideal location for those looking for an economical yet comfortable lifestyle.

Tipton County has an unemployment rate of 5.2%. The US average is 6.0%.

Tipton County has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.

Tax Rates for Tipton County
- The Sales Tax Rate for Tipton County is 9.4%. The US average is 7.3%.
- The Income Tax Rate for Tipton County is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Tipton County
- The average income of a Tipton County resident is $23,205 a year. The US average is $28,555 a year.
- The Median household income of a Tipton County resident is $63,783 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTipton, TennesseeUnited States
  5.26
  -5.8%-6.2%
  36.2%33.5%
  9.3%6.2%
  0.0%4.6%
  $29,552$37,638
  $63,783$69,021
  $72,779$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  9.5%6.8%
  13.0%10.0%
  2.7%2.5%
  13.2%11.0%
  5.6%4.8%
  0.8%0.8%
  0.7%1.9%
  3.4%4.7%
  0.9%1.9%
  4.1%7.6%
  0.0%0.1%
  3.7%4.2%
  8.7%9.3%
  13.6%14.0%
  1.1%2.1%
  4.0%7.0%
  5.7%4.8%
  8.0%4.7%
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