The size of Lipson is approximately 271.6 square kilometres. The population of Lipson in 2011 was 315 people. By 2016 the population was 217 showing a population decline of 31.1% in the area during that time. The predominant age group in Lipson is 50-59 years. Households in Lipson are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lipson work in a managers occupation. In 2011, 74.4% of the homes in Lipson were owner-occupied compared with 79.2% in 2016.