Cost of Living in Tipton, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.5
100 = national avg
-6.5 vs national average
Living Wage (1 Adult)
$41,122
per year
Living Wage (Family of 4)
$97,197
per year
Cost Index by Category
Housing83.6
Food99.5
Transportation98.9
Healthcare99.6
Utilities96.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$845
per month
2 Bedroom
$1,109
per month
The overall cost of living index in Tipton is 93.5, which is 6.5% below the national average. Housing costs are below the national average at an index of 83.6. A single adult needs to earn approximately $41,122 per year to cover basic expenses.