The town of Tieri was established by Mount Isa Mines (MIM) Holdings Pty Ltd to house the employees of the Oaky Creek Mine, 14km to the east. The town centre streets are named after cattle stations that originally surrounded the town site. The first house was completed in 1982 and since then a neat, modern township of approximately 1900 residents has developed, serviced by a golf club, pool, civic centre, schools and supermarket.
Tieri also holds the distinction of being rated as the postcode with the highest average income earnings per person in Queensland by the Australian Tax Office since 1998.
Bundoora Dam is located nearby, and is a popular spot for camping, boating and fishing. The dam has been stocked to suit the anglers, with golden perch, spangled perch, sleepy cod and redclaw crayfish among the varieties being found in the dam.