Tippecanoe County, IN Economy


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Tippecanoe, IN county is a great place to live due to its affordability. The average 2 bedroom rent of $1,070 is nearly $360 less than the national average making it a desirable location for those looking for an affordable living situation. Additionally, the Grocery Cost Index in Tippecanoe County is 94 versus the national average of 100, further contributing to the area's affordability. The area has plenty of local attractions and businesses that contribute to its charm. There are multiple local parks such as Prophetstown State Park, where visitors can enjoy camping and canoeing along with miles of hiking trails or take part in educational programs. Other attractions include the Lafayette Farmers Market, Purdue University, and Columbian Park Zoo where visitors can explore animal exhibits and feed the giraffes. Popular businesses include Fairfield Inn & Suites by Marriott West Lafayette, Indiana Beach Amusement Resort and Traders Point Creamery.

Tippecanoe County has an unemployment rate of 4.1%. The US average is 6.0%.

Tippecanoe County has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.

Tax Rates for Tippecanoe County
- The Sales Tax Rate for Tippecanoe County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tippecanoe County is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Tippecanoe County
- The average income of a Tippecanoe County resident is $23,337 a year. The US average is $28,555 a year.
- The Median household income of a Tippecanoe County resident is $53,468 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTippecanoe, IndianaUnited States
  4.16
  -7.2%-6.2%
  37.1%33.5%
  7.0%6.2%
  4.3%4.6%
  $29,095$37,638
  $53,468$69,021
  $77,262$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  4.5%6.8%
  18.1%10.0%
  1.2%2.5%
  10.0%11.0%
  2.8%4.8%
  0.4%0.8%
  0.8%1.9%
  2.5%4.7%
  1.2%1.9%
  4.9%7.6%
  0.0%0.1%
  3.0%4.2%
  23.1%9.3%
  10.7%14.0%
  1.5%2.1%
  8.6%7.0%
  4.0%4.8%
  2.1%4.7%
Health