Tipton, Michigan is a small town located in the midwestern part of the state. It has a population of about 492 people, according to the 2010 census. The cost of living here is very affordable, with two bedroom rent coming in at just $1,050 compared to a national average of $1,430. And groceries come in even cheaper, with an index of 95 versus 100 in the US.
The local economy is mostly based on agriculture and small businesses. There are several farms and farms markets around Tipton where you can get fresh produce from local farmers. The town also has its own parks and recreation department for those who prefer outdoor activities like fishing, boating, and camping. In addition to these recreational facilities there are also several restaurants and shops downtown that provide great services to residents.
Tipton (zip 49287) has an unemployment rate of 5.5%. The US average is 6.0%.
Tipton (zip 49287) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Tipton (zip 49287)
- The Sales Tax Rate for Tipton (zip 49287) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tipton (zip 49287) 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 Tipton (zip 49287)
- The average income of a Tipton (zip 49287) resident is $28,199 a year. The US average is $28,555 a year.
- The Median household income of a Tipton (zip 49287) resident is $77,684 a year. The US average is $69,021 a year.