Tipton County, Indiana Income Statistics
Tipton County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Tipton County Around averageWealthier than 86% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,091 | $71,967 | $80,455 |
| Median Personal Income | $56,226 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 8.8% | 10.2% | 13.9% |
| $200k+ Households | 4.4% | 8.2% | 13.2% |
The median household income in Tipton County is about 6% higher than in Indiana. Income has been growing slower in Tipton County (4.4%/yr) than in Indiana (4.5%/yr).
About 9% of adults in Tipton County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Tipton County, Indiana grew by 50.0% from 2009 to 2024, reaching $76,091 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Tipton County
| Metric | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.534 | 0.552 |
| Male Median Income | $66,377 | $65,086 | $69,667 |
| Female Median Income | $54,839 | $51,220 | $56,850 |
| Gender Pay Gap | 17.4% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Tipton County, it is 0.504, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Tipton County, Indiana. Over a 35-year career, a 21% wage gap accumulates to roughly $403,830 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tipton County, Indiana has narrowed from about 24% to 17% in 2024. Over that period the gap was widest at 33% in 2020. In dollar terms, the gap has widened by $1,096 since 2009.
Employment
| Metric | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.3% | 5.2% |
| Working from Home | 8.2% | 10.7% | 15.0% |
| Commute time (minutes) | 25 | 21 | 22 |
Approximately 171 people are unemployed in Tipton County, Indiana.
The average commute time in Tipton County is 25 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tipton County, Indiana has fallen from 7.0% to 2.3% in 2024. Over that period the rate peaked at 8.4% in 2012.
Tipton County, IN Wealth Compared With Nearby Counties
Tipton County, IN is the smallest of the 6 counties compared here, 15,346 residents against a local median of 83,752. Tipton County, IN's unemployment, at 2.3%, runs 61% below the 5.8% typical of the counties around it. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $76,091 against a local median of $64,338, 18% above it. Every measure here with a clear better direction points the same way, so Tipton County, IN is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 3.7% on unemployment, so Tipton County, IN sits at one end of an already wide local range rather than apart from it. Tipton County, IN has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Tipton County, IN | 15,346 | $76,091 #2/6 | 4.4%/yr #2/6 | 2.3% #1/6 | 0.504 #2/6 |
| Howard County, IN | 83,752 | $64,338 | 4.3%/yr | 5.8% | 0.522 |
| Hamilton County, IN | 365,056 | $121,444 | 4.1%/yr | 2.8% | 0.517 |
| Madison County, IN | 131,900 | $63,494 | 4.5%/yr | 5.9% | 0.522 |
| Clinton County, IN | 32,944 | $65,223 | 3.4%/yr | 2.6% | 0.494 |
| Grant County, IN | 66,295 | $53,252 | 3.6%/yr | 6.3% | 0.534 |
Conclusion
Considering all these factors, Tipton County, Indiana has an overall wealth index grade of B, making it somewhat better than Indiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Tipton County, Indiana.
How Rich Is Tipton County, Indiana?
Tipton County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $76,091, about 6% higher than the Indiana average of $71,967.
How has median household income changed in Tipton County, Indiana?
Between 2009 and 2024, the median household income in Tipton County, Indiana rose 50%, from $50,718 to $76,091. Over the same years, income here lagged behind Indiana as a whole: +50% against +52%.
What was the median household income in Tipton County in 2023?
In 2023, the median household income in Tipton County, Indiana was $78,094, up 6% from $73,461 in 2022. The Indiana median that year was $70,115.
What was the median household income in Tipton County in 2020?
In 2020, the median household income in Tipton County, Indiana was $68,962. By 2024 it had risen 10% to $76,091.
Is unemployment high in Tipton County, Indiana?
Unemployment in Tipton County, Indiana is only 2.3%, well below the Indiana rate of 4.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Tipton County, Indiana?
The Gini coefficient in Tipton County is 0.504. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Tipton County, Indiana?
Since 2009, the income gap between men and women in Tipton County, Indiana has narrowed from about 24% to 17% in 2024. Over that period the gap was widest at 33% in 2020. In dollar terms, the gap has widened by $1,096 since 2009.
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