Jamie Stitt

Assistant Commissioner, Business and Workforce Development

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
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Tipton County

County Profile Tool
Tipton County

Population & Demographics

Location

Time Zone

Central Time Zone

Grand Division

West Tennessee

Area (Square Miles)

455.6

County Seat

Covington

Metropolitan Area

Memphis, TN-MS-AR

ECD Region

Memphis

Population

Population

(2020)

60,970

Population

(2022)

61,116

Population Change

(2020 - 2022)

0.2%

Population Forecast

(2040)

60,346

Foreign Born Population

914

Foreign Born Persons (Percentage of Population)

1.50%

Language Other Than English Spoken At Home

3.00%

Civilian Veteran Population

4,807

Race (Percentage of Population)

White Alone

76.10%

Black or African American, alone

18.50%

American Indian And Alaska Native, alone

0.20%

Asian, alone

0.60%

Native Hawaiian or Other Pacific Islander, alone

0.00%

Some Other Race, alone

0.90%

Two or More Races

3.70%

Hispanic or Latino

2.90%

Age (Percentage of Population)
Male
Female
Total

Under 5 Years Old

Male: 5.60%

Female: 0.055

Total: 5.60%

Under 18 Years Old

Male: 24.80%

Female: 23.30%

Total: 24.00%

18-64 Years Old

Male: 61.60%

Female: 60.40%

Total: 61.00%

65 Years and Over

Male: 13.60%

Female: 16.30%

Total: 15.00%

Median Age

Male: 38.4

Female: 37.2

Total: 39.2

Sources:
U.S. Census Bureau, 2018-2022 5-Year American Community Survey
U.S. Bureau of Labor Statistics
Tennessee State Data Center (2024)

Housing & Income

Housing & Income

Households

22,366

Homeownership Rate

75.8%

Persons Per Household

2.7

Living In Same House 1 Year & Over

89.8%

Median Home Value

$203,500

Annual Home Sales

827

Median Sale Price of Homes Sold

$262,000

Persons In Households With Income Below Poverty Level

10.8%

Total Personal Income

$3.0B

Personal Income Per Capita

$48,866

County Median Wage

$18.94

Household Income & Benefits
Percent of Household

Less Than $10,000

5.2%

$10,000 to $14,999

3.8%

$15,000 to $24,999

5.9%

$25,000 to $34,999

7.3%

$35,000 to $49,999

12.9%

$50,000 to $74,999

17.9%

$75,000 to $99,999

15.2%

$100,000 to $149,999

18.8%

$150,000 to $199,999

7.4%

$200,000 or More

5.5%

Median Household Income

$70,674

Percentage of Households by Income Range

Sources:
U.S. Census Bureau, 2018-2022 5-Year American Community Survey
Tennessee Housing Development Agency (2023)
U.S. Bureau of Economic Analysis (2023)
Lightcast (2023)

Tax Structure

Property Tax

Property Tax Rate (County)

$1.5217

State Property Tax

None

Assessment Ratio: Residential Property

25%

Assessment Ratio: Farm Property

25%

Assessment Ratio: Commercial/Industrial Property

40%

Assessment Ratio: Public Utility Property

55%

Assessment Ratio: Business Personal Property

30%

State Tax

State Income Tax on Wages

None

State Income Tax: Interest from Bonds and Notes and Dividends from Stock

None (Hall Income tax was fully repealed January 1, 2021)

Excise Tax (State)

6.5% of Tennessee taxable income

Franchise Tax (state)

0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum tax is $100.

Unemployment Insurance Tax (state)

2.7% of the first $7,000 in wages for new employers

Sales Tax

State Sales Tax Rate

7.0%

County Sales Tax Rate

2.25% - 2.75%

Local Sales Tax Collections

(FY 2023)

$18,310,087

Local Sales Tax Collections

(FY 2024)

$18,207,822

Local Sales Tax Collections Growth

(FY 2023 - FY 2024)

0.56%

State Bond Ratings

Moody's

Aaa

Standard & Poor's

AAA

Fitch

AAA

Debt per Capita

State Debt per Capita

$988

County Debt Per Capita

N/A

Sources:
Tennessee Comptroller of the Treasury (2024)
Tennessee Department of Revenue (2024)
The Tax Foundation (2024)

Labor Force

Labor Force Estimates (2023)
Tennessee
Tipton

Labor Force

Tennessee: 3,379,605

Tipton: 27,320

Employment

Tennessee: 3,267,935

Tipton: 26,290

Unemployment

Tennessee: 111,670

Tipton: 1030

Unemployment Rate

Tennessee: 3.30%

Tipton: 3.80%

Unemployment Rate*
Tennessee
Tipton

2019

Tennessee: 7.40%

Tipton: 6.70%

2020

Tennessee: 4.50%

Tipton: 4.50%

2021

Tennessee: 3.40%

Tipton: 3.60%

2022

Tennessee: 3.30%

Tipton: 3.80%

Unemployment Rate (by percentage)

Sources:
U.S. Bureau of Labor Statistics

Industries

Industry
Employment
Establishments
Avg. Annual Wages

Crop and Animal Production

Employment: 74

Establishments: 14

Avg. Annual Wages: $37,479

Utilities

Employment: 29

Establishments: 2

Employment: $80,955

Construction

Employment: 1,448

Establishments: 112

Employment: $66,914

Manufacturing

Employment: 2,115

Establishments: 36

Employment: $57,441

Wholesale Trade

Employment: 300

Establishments: 46

Employment: $63,065

Retail Trade

Employment: 1,651

Establishments: 139

Employment: $30,344

Transportation and Warehousing

Employment: 337

Establishments: 21

Employment: $54,863

Information

Employment: 30

Establishments: 15

Employment: $57,422

Finance and Insurance

Employment: 264

Establishments: 58

Employment: $70,832

Real Estate and Rental and Leasing

Employment: 64

Establishments: 26

Employment: $45,512

Professional, Scientific, and Technical Services

Employment: 237

Establishments: 63

Employment: $55,618

Management of Companies and Enterprises

Employment: 24

Establishments: 3

Employment: $77,182

Administrative, Support, Waste Management and Remediation

Employment: 836

Establishments: 50

Employment: $37,937

Educational Services

Employment: 280

Establishments: 4

Employment: $55,163

Health Care and Social Assistance

Employment: 1,085

Establishments: 106

Employment: $48,115

Arts, Entertainment, and Recreation

Employment: 68

Establishments: 8

Employment: $14,138

Accommodation and Food Services

Employment: 1,023

Establishments: 75

Employment: $16,976

Other Services (except Public Administration)

Employment: 189

Establishments: 54

Employment: $39,370

Government

Employment: 2,490

Establishments: 44

Employment: $43,775

Total

Employment: 12,571

Establishments: 883

Employment: $46,409

Unique Occupations*
Employment
Location Quotient*

Tire Builders

Employment: 27

Location Quotient*: 17.37

Food Cooking Machine Operators and Tenders

Employment: 41

Location Quotient*: 16.04

Airfield Operations Specialists

Employment: 16

Location Quotient*: 12.37

Brickmasons and Blockmasons

Employment: 49

Location Quotient*: 10.58

Reinforcing Iron and Rebar Workers

Employment: 15

Location Quotient*: 10.35

Key Cluster
Total Employment

Advanced Materials

49

Aerospace & Defense

0

Appliances & Electrical

0

Automotive

112

Business Services

114

Chemicals

41

Distribution & Logistics

532

Film, Music & Entertainment

0

Food & Beverage

1,061

Healthcare & Medical Devices

152

Top Employers

Top County Employers
Estimated Employees
City

Tipton County School District

Est. Employees: 1,345

City: Covington

Unilever Manufacturing (US), Inc.

Est. Employees: 700

City: Covington

Baptist Memorial Hospital

Est. Employees: 499

City: Covington

Jay-Ton Construction Company, Inc.

Est. Employees: 465

City: Burlison

Walmart Inc.

Est. Employees: 335

City: Covington

Charms LP

Est. Employees: 300

City: Covington

Tipton County Government

Est. Employees: 252

City: Covington

United States Cold Storage

Est. Employees: 204

City: Covington

The Delfield Company

Est. Employees: 200

City: Covington

Town of Munford

Est. Employees: 171

City: Munford

Transportation & Logistics

Transportation

Nearest Commercial Service Airport

Memphis International

Distance to Nearest Commercial Service Airport

50

Daily Flights At Nearest Commercial Service Airport

494

Nearest General Aviation Airport

Covington Municipal

Runway Length at Nearest General Aviation Airport

5,004'

Mean Travel Time to Work (Minutes)

33.4

Access of Interstate

I-40 (6 miles)

U.S. Highways

51, 70, 79

State Highways

1, 3, 14, 54, 59, 178, 179, 206, 384

Nearest Port (From County Seat)

Memphis

Railroads Serving County

CSX, Illinois Central Railroad

Sources:
Tennessee Department of Transportation
Federal Aviation Administration, Aeronautical Data (2024)
U.S. Census Bureau, 2018-2022 5-Year American Community Survey

Education

General Stats
Tipton
Tennessee

Population Aged 25-64 With High School Degree Or Higher

Tipton: 90.3%

Tennessee: 91.5%

Population Aged 25-64 With Associate's Degree Or Higher

Tipton: 30.6%

Tennessee: 41.2%

Population Aged 25-64 With Bachelor's Degree Or Higher

Tipton: 19.8%

Tennessee: 32.8%

High School Graduation Rate

Tipton: 93.5%

Tennessee: 90.6%

College Going Rate

Tipton: 57.1%

Tennessee: 56.7%

Average ACT Score

Tipton: 19.4

Tennessee: 19.0

High School Graduation Rate
College Going Rate
Average ACT Score
Tipton County Schools
Enrollment

Elementary Schools

Enrollment: 4,462

Middle Schools

Enrollment: 2,313

High Schools

Enrollment: 3,091

Regional Higher Education Institutions
City
Enrollment

Tennessee College of Applied Technology-Covington

City: Covington

Enrollment: 364

University of Memphis

City: Memphis

Enrollment: 21,917

Southwest Tennessee Community College

City: Memphis

Enrollment: 6,443

Christian Brothers University

City: Memphis

Enrollment: 1,934

Rhodes College

City: Memphis

Enrollment: 2,008

Tennessee College of Applied Technology-Memphis

City: Memphis

Enrollment: 1,547

Baptist Health Sciences University

City: Memphis

Enrollment: 797

Le Moyne-Owen College

City: Memphis

Enrollment: 609

Southern College of Optometry

City: Memphis

Enrollment: 532

Sources:
U.S. Census Bureau, 2022 1-Year American Community Survey,
U.S. Census Bureau, 2022 5-Year American Community Survey
Tennessee Department of Education (2022-2023)
National Center for Education Statistics
Tennessee Board of Regents and Tennessee Higher Education Commission

† Regional higher education institutions include those within the selected and surrounding counties.

Due to data availability, federal graduation rates were used for Clay, Fentress, and Haywood counties.

Health & Public Safety

Doctors

Number of Doctors

34

Overweight & Obesity Prevalence

Adults*

39.3

Children** (Grade 8)

37.4

Regional Hospitals
Number of Beds
City

Baptist Memorial Hospital-Tipton

Number of Beds: 100

City: Covington

{63}

Number of Beds: {65}

City: {64}

{66}

Number of Beds: {68}

City: {67}

Sources:
American Medical Association (2023)

National Center for Chronic Disease Prevention and Health Promotion

Tennessee Department of Health

† Regional hospitals include those within the selected and surrounding counties.

 

Climate

Climate

Average High Temperature

71.8°F

Average Low Temperature

51.5°F

Average Annual Temperature

61.6°F

Annual Rainfall

56.49"

Elevation (at County Seat)

310'

Prevailing Winds

South-Southwest

Sources:
National Oceanic and Atmospheric Administration (2023)

Community Information

Atoka

Population (2022)

9,241

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$0.98

Phone Number

(901) 837-5300

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Brighton

Population (2022)

2,928

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.86

Phone Number

(901) 476-8661

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Burlison

Population (2019)

348

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

Phone Number

(901) 475-9068

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Covington

Population (2022)

8,857

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.24

Phone Number

(901) 476-9613

Retire Tennessee Participant

No

Tennessee Downtowns Participant

Yes

Main Street Participant

No

Garland

Population (2022)

316

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

Phone Number

(901) 476-7485

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Gilt Edge

Population (2022)

436

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

Phone Number

(901) 476-9402

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Mason

Population (2019)

1,242

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$1.46

Phone Number

(901) 294-3525

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Munford

Population (2022)

6,034

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.17

Phone Number

(901) 837-5955

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Additional Community Information

ThreeStar Certified County

Yes

Sources:
Tennessee Municipal Technical Advisory Service
Tennessee Department of Revenue (2015)
Tennessee Comptroller of the Treasury (2015)
U.S. Census Bureau, 2010-2014 5-Year American Community Survey

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
615.741.1888 |
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