Tipton, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
81
Tipton's Overall Cost Of Living
0.8x
Lower Than The National Average
16 out of 126
In Indiana
305 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Tipton is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Tipton, IN?

According to the most recent data on the cost of living, Tipton has an overall cost of living index of 81 which is 0.8x lower than the national index of 100.

Compared to only Indiana, Tipton has a cost of living index that's 0.9x lower than Indiana's index of 89.

The standard of living in Tipton ranks as #305 most affordable out of the 6,522 places we measured in Indiana. By definition, that implies Tipton ranks as the #6,102 most expensive place in the Hoosier State.

For more reading on life in Tipton, check out:

Tipton Cost Of Living Vs. Indiana

Living Expense Tipton Indiana National Average
Overall 81 89 100
Services 90 97 100
Groceries 89 92 100
Health 103 94 100
Housing 54 72 100
Transportation 97 100 100
Utilities 99 99 100
For more reading on cost of living around Indiana, check out:
Tipton Cost of Living Vs. IN

Tipton, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$91,200
Median Home Value
$775
Median Rent
$52,538
Median Income
Statistic Tipton Indiana United States
Median Home Value $91,200 $141,700 $217,500
Median Rent $775 $826 $1,062
Median Income $52,538 $56,303 $62,843
Home Value To Income 1.7x 2.5x 3.5x
Rent To Monthly Income 0.18x 0.18x 0.2x

Detailed Tipton Services Costs Vs. Indiana

Item Tipton Indiana
Shampoo $0.88 $1.01
Movie $5.99 $10.72
Bowling $10.0 $13.86

Detailed Tipton Groceries Costs Vs. Indiana

Item Tipton Indiana
Ground Beef $3.75 $3.9
Fried Chicken $1.28 $1.4
Milk $1.24 $1.96

Detailed Tipton Health Costs Vs. Indiana

Item Tipton Indiana
Haircut $16.99 $17.49
Beauty Salon $26.66 $38.17
Toothpaste $2.1 $2.32

Detailed Tipton Transportation Costs Vs. Indiana

Item Tipton Indiana
Potatoes $2.79 $3.18
Pizza $9.99 $10.39
Beer $8.65 $9.23
Optometrist $134.67 $106.34
Doctor $125.33 $115.25
Dentist $95.67 $98.38

Detailed Tipton Utilities Costs Vs. Indiana

Item Tipton Indiana
Gasoline $2.84 $2.59
Tire Balancing $38.96 $48.9
All Electricity $163.77 $167.6
Phone $181.42 $163.42

Tipton SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
5
Affordability
8.5
Diversity
5
Safety
8
Amenities
8
Education
6
Commute
8

Cost Of Living In Cities Around Tipton

City Population Cost Of Living Vs. Tipton
Noblesville, IN 63,071 98 1.2x
Kokomo, IN 58,145 81 1.0x
Westfield, IN 39,610 105 1.3x
Elwood, IN 8,441 79 1.0x

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