Tipton, Oklahoma, is a small city located in Tillman County. With a population of 1,722 according to the 2010 census and a median household income of $31,250, it is considered to be an affordable place to live. The average rent for two-bedroom apartments in Tipton is only $770 compared to the US average of $1,430. Additionally, Tipton’s grocery cost index is 88 compared to the US average of 100. This means that groceries purchased here are relatively lower in cost than other places in the United States.
The town of Tipton offers many amenities such as churches, banks, restaurants and retail stores. Local businesses include D&S Pharmacy & Gift Shop which provides medication and gift items for locals; Valley View Market which offers fresh produce and deli meats; and Pringle's Well Drilling & Pump Service which provides service for maintenance and repair for water wells. There are also local services like All Around Lawn Care & Landscaping that offer lawn care service as well as landscape design.
Tipton (zip 73570) has an unemployment rate of 4.0%. The US average is 6.0%.
Tipton (zip 73570) has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 13.4%, which is lower than the US average of 33.5%.
Tax Rates for Tipton (zip 73570)
- The Sales Tax Rate for Tipton (zip 73570) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Tipton (zip 73570) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tipton (zip 73570)
- The average income of a Tipton (zip 73570) resident is $24,661 a year. The US average is $37,638 a year.
- The Median household income of a Tipton (zip 73570) resident is $42,885 a year. The US average is $69,021 a year.