residing in the city. The population density was . There were 2,401 housing units at an average density of . The racial makeup of the city was 98.00% White, 0.15% African American, 0.17% Native American, 0.55% Asian, 0.27% from other races, and 0.86% from two or more races. Hispanic or Latino of any race were 1.54% of the population. There were 2,239 households, out of which 29.4% had children under the age of 18 living with them, 47.9% were married couples living together, 11.1% had a female householder with no husband present, and 36.8% were non-families. 32.5% of all households were made up of individuals, and 15.9% had someone living alone who was 65 years of age or older. The average household size was 2.30 and the average family size was 2.91. In the city, the population was spread out, with 23.7% under the age of 18, 8.1% from 18 to 24, 28.5% from 25 to 44, 22.2% from 45 to 64, and 17.5% who were 65 years of age or older. The median age was 38 years. For every 100 females, there were 88.6 males. For every 100 females age 18 and over, there were 83.6 males. The median income for a household in the city was $34,075, and the median income for a family was $47,083. Males had a median income of $35,805 versus $22,112 for females. The per capita income for the city was $19,489. About 3.8% of families and 7.2% of the population were below the poverty line, including 7.2% of those under age 18 and 9.6% of those age 65 or over. Economy 19th century Daniel Smith opened the first tavern in Tipton, then known as Canton, called the Canton House. A second tavern was opened in 1846 by Andrew J. Redmond, who would eventually become the town sheriff. John Cassler was the first merchant to locate his business in Tipton. On the east side of the town square, Cassler ran his business out of a log cabin. In 1845, he was granted the license to sell groceries and liquor. Starting in 1850, Newton J. Jackson began selling goods. He eventually became the first auditor for the county. Charles and Conde Bishop were the first carpenters in Tipton. A tanyard was founded by William and Elijah Hall in 1847. The business closed in 1882 due to innovations in tanning. Merchandise was delivered to Tipton via