Last updated: 2024 BLS data · Page refreshed:
Tipton has a population of 2,667 with a median age of 39.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,667 |
| Median Age | 39.6 |
| White | 84.5% |
| Black or African American | 11.2% |
| Asian | 0.2% |
| Hispanic or Latino | 2.3% |
| Other / Two or More Races | 1.8% |
The median household income in Tipton is $49,257, which is 38.9% below the national median of $80,610. The per capita income is $14,832. The poverty rate is 20.4%.
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In Tipton, 85.5% of residents age 25+ have a high school diploma or higher, and 7.0% hold a bachelor's degree or higher (2.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 85.5% |
| Bachelor's Degree or Higher | 7.0% |
| Graduate or Professional Degree | 2.2% |
The median home value in Tipton is $130,200, below the national median of $303,400. The median monthly rent is $785. The homeownership rate is 70.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $130,200 |
| Median Monthly Rent | $785 |
| Homeownership Rate | 70.4% |
| Vacancy Rate | 13.9% |
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