States › Indiana › Tipton

Is Tipton, IN expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$93847% lower than U.S. average
💵 Families earn per year (2026)$64,524about $5,377/month · 26% lower than U.S. average
🔑 House price$161,70051% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $37,520 a year. That is $18 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 20 of 132 cities from cheapest to most expensive.

Tipton
$938
Westville
$1,127
Winchester
$1,001
Linton
$898
Pendleton
$1,490
Porter
$1,135
Lawrenceburg
$848

How much do households earn in Tipton?

Under $25k
10.3%
$25k–50k
28.9%
$50k–100k
35.9%
$100k–150k
9.7%
$150k+
5.0%

Share of households by yearly income. 14.6% of households earn $100,000 or more.

Rent by apartment size in Tipton

SizeTiptonU.S. average
1 bedroom$581$1,324
2 bedrooms$925$1,509
3 bedrooms$986$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Tipton overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Tipton, so the Indiana figure is shown.

Taxes and bills in Tipton

🏛️ Property tax$1,150a year · 0.71% of home value · U.S. $3,119
⚡ Electric bill$149a month (typical) · U.S. $156

Life in Tipton

Commute to work26.1 minU.S.: 26.4 min
College degree22.1%U.S.: 35.7%
Own their home67.4%U.S.: 65.2%
Below poverty line17.7%U.S.: 12.5%
Unemployment1.7%U.S.: 5.2%

Is it cheaper to rent or buy in Tipton?

Renting is cheaper right now: about $184 a month less.

Renting
$938
Owning
$1,122

Owning assumes a typical $161,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,170 for the down payment.

Frequently asked questions

What is the average rent in Tipton, IN?

Renting in Tipton costs a median of about $938 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Tipton?

To keep rent under 30% of income, you need about $37,520 a year, or $18 an hour at a full-time job.

Is Tipton cheap or expensive?

Tipton is rated Cheap: rent takes 17.4% of the typical household income of $64,524. It ranks 20th cheapest of 132 Indiana cities we track.

How much are property taxes in Tipton?

The median homeowner in Tipton pays $1,150 a year in property taxes, about 0.71% of the median home value.

Is Tipton more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Tipton?

The median home value in Tipton is $161,700, about 2.5 times the typical yearly household income.

5,280 people live in Tipton. Numbers are typical (middle) values.