Tippecanoe County, Indiana
Income Data
At a Glance
How Tippecanoe County Compares
Detailed Income Statistics
Data Story
About Household Income in Tippecanoe County, Indiana
Tippecanoe significantly below national mark
Tippecanoe County's median household income of $58,622 lags the national median of $74,755 by over $16,000, the second-largest gap in this profile. Per capita income of $32,271 also trails national averages, despite the presence of Purdue University and higher-education jobs.
Lower-middle tier in Indiana
Tippecanoe County's $58,622 median falls about $10,000 below Indiana's state average of $68,681, ranking in the lower half of the state. Per capita income of $32,271 slightly underperforms the state average, reflecting income inequality and a significant student population.
Weaker than comparable counties
Tippecanoe County's $58,622 median trails most neighboring counties, including Spencer County ($70,890), Steuben County ($71,483), and Tipton County ($78,309). The county's economy reflects the influence of university employment and student housing rather than robust private-sector growth.
Housing costs strain budgets
Tippecanoe County's 22.3% rent-to-income ratio is the highest among these eight counties, approaching affordability crisis levels for renters. Median home values of $217,600—inflated by university-area demand—make homeownership challenging for average-income households.
Control housing to build wealth
Tippecanoe residents face genuine housing cost pressures; the priority is negotiating lower rent or exploring homeownership alternatives before aggressive investing. Once housing stability is secured, even modest monthly contributions to retirement accounts build meaningful long-term wealth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Tippecanoe County median
County median: $58,622 per year
vs. County Median
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vs. State Average
-15%
vs. National Median
-22%
Income Adequacy
Your monthly income ($4,885) vs. median rent ($1,088/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.