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The total population of Tipton is estimated to be 3,130 with 1,456 males (46.52%) and 1,674 females (53.48%). There are 218 more females than males in Tipton.
The median household income in Tipton was $78,735 in 2021, which marked an an increase of 659(0.84%) from $78,076 in 2020. This income is 105.53% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Tipton sees its highest median household income among householders in the age group of 25 to 44 years old, at $99,309. Overall, the median household income for the city of Tipton stands at $78,735.
In Tipton, the median income for all workers aged 15 years and older, regardless of work hours, was $41,495 for males and $26,304 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,682 for males and $53,693 for females.
In Tipton, population is primarily represented by White households, reporting a median income of $79,380.
In 2022, the population of Tipton was 3,094, a 0.96% decrease year-by-year from 2021. Previously, in 2021, Tipton's population was 3,124, a decline of 0.70% compared to a population of 3,146 in 2020.
The median age in Tipton, IA is 41.3, as per 2021 ACS 5-Year Estimates. Of the total population, 17.47% were under the age of 15, 18.55% aged 15 to 29, 41.36% aged 30 to 64, 16.39% aged 65 to 84, and 6.24% were 85 years of age and older.
Racial distribution of Tipton population: 97.04% are White, 1.30% are Black or African American, 0.92% are American Indian and Alaska Native, 0.32% are some other race and 0.41% are multiracial.