Cost of Living in Tipton, IN

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13%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
36%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Tipton Indiana National
Cost of living8789100
Groceries9897100
Health care9697100
Housing6472100
Transportation9996100
Utilities9996100
Lifestyle & Entertainment9595100
Household Items9698100
Education & Childcare9394100
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Homes For Sale In Tipton, IN

property for sale

611 N Main St

Tipton, IN
property for sale

728 E State Road 28

Tipton, IN
property for sale

515 N West St

Tipton, IN
property for sale

West

Tipton, IN
See the Newest Homes For Sale In Tipton, IN

Cost Of Living Quick Facts

  • The cost of living in Tipton is 2% lower than the Indiana average
  • The cost of living in Tipton is 13% lower than the national average
  • Tipton housing is 36% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,149$8,262$2,313$2,975
      Renters$74,758$6,230$1,744$2,243
      A good way to judge both the affordability of the housing and the cost of living in Tipton is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Tipton has a median income of about $99,149 for people who own homes. Based on that number, a maximum of $2,313 should be spent on expenses related to housing. Renters have a slightly different median income, which is $74,758. Based on this average, renters should spend no more than $1,744 on all rental costs if they want to maintain a non-impoverished standard of living.

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Point Isabel, IN95973.1%
      Sims, IN95973.1%
      Windfall City, IN7328118.7%
      Elwood, IN8,6398118.6%
      Kempton, IN3498316.5%
      Tipton, IN5,1608713.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lochmoor Waterway Estates, FL5,15911716.7%
      Hutchinson Island South, FL5,15812221.5%
      Pawcatuck, CT5,16211514.7%
      Doolittle, TX5,1627822.5%
      Spotsylvania Courthouse, VA5,16211919.0%
      Tipton, IN5,1608713.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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