Tipton is located in Tipton county Indiana with a geographic area of 2.6 square miles. The total population in Tipton is 4,974 with 49.4% male and 50.6% female. Children under age 5 represent 5.7% of the population, under age 18 equal 19.9% of the population and over age 65 is 21.2% of the population. The median household income is $63,451, per capita income is $28,963. There are a total of 2,190 housing units with 72.5% owner occupied. Education includes 47.9% of residents that are high school graduates and 20.3% with a bachelor's degree or higher. The average temperature in Tipton in the summer is 70 degrees, and in the winter 29 degrees.