Tipton, IN is an affordable and attractive city to live in. The 2 bedroom rent is $1,480 compared to the US average of $1,430 making it a great value for anyone looking to move into the area. Tipton is even more attractive when factoring in the cost of groceries. It's Grocery Cost Index is 92 versus 100 in the US making food cheaper than most other cities. Those wishing to live in Tipton have many local companies such as D & K Electric Co., Tipton Builders Supply Co., Tipton Times newspaper, Direct Impressions Marketing Solutions, and Hoosier Harvest Farms.
Tipton (zip 46072) has an unemployment rate of 3.2%. The US average is 6.0%.
Tipton (zip 46072) has seen the job market increase by 5.5% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Tipton (zip 46072)
- The Sales Tax Rate for Tipton (zip 46072) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tipton (zip 46072) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tipton (zip 46072)
- The average income of a Tipton (zip 46072) resident is $26,502 a year. The US average is $28,555 a year.
- The Median household income of a Tipton (zip 46072) resident is $59,756 a year. The US average is $69,021 a year.