Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.6 yrs |
|---|---|
| Avg HH Size | 2.64 |
| Below Poverty | 11.4% ▲ 14% above avg |
| College Grads | 28.2% ▼ 27% below avg |
| Unemployment | 3.9% ▼ 20% below avg |
| HS Graduate | 454 (31.5%) |
| Some College | 218 (15.1%) |
| Associates | 362 (25.1%) |
| Bachelors | 176 (12.2%) |
| Graduate Degree | 231 (16%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $87,411 ▲ 15% above avg |
|---|---|
| Median Home Value | $235,800 ▼ 15% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $773/mo |
| Total Housing Units | 1,055 |
| Vacant Units | 251 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Tipton is a city in Michigan, located in Lenawee County. The city spans 1 ZIP code and is home to approximately 2,122 residents. It is a mature city, with a median age of 46.6 years.
Economically, Tipton is a middle-income community. The median household income of $87,411 is near the national average. Approximately 11.4% of residents live below the poverty line. The unemployment rate is 3.9%, below the national average.
The real estate market in Tipton is an affordable housing market. Median home values stand at $235,800, which is below the national average. Renters typically pay around $773 per month. Homeownership is high at 90.3%, typical of suburban and family-oriented communities.
The population of Tipton is moderately educated. 28.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.93%).
Tipton, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49287 | 2,122 | $87,411 | $235,800 | $773 | 3.9% | 28.2% | 90.3% |