In prehispanic Mesoamerica, basic utilitarian artifacts, such as non-obsidian chipped stone tools, have rarely been considered outside the realms of technology or the economics of manufacture and circulation. Yet in recent excavations of residential terraces at the Classic period hilltop settlement of El Palmillo, Oaxaca, we have noted spatial patterning in the distribution of chipped stone tools that parallels variation previously observed in a range of nonlocal goods including obsidian, marine shell, and greenstone. Compared to the inhabitants of terraces situated near the base of the site, the apparently higher-status residents of households residing closer to the hill’s apex not only were associated with a somewhat different assemblage of stone tools and debris, but their chipped stone implements tended to be made on better-quality raw materials. As a consequence, chipped stone assemblages can serve as an additional axis of variation for examining status distinctions in the Classic period Valley of Oaxaca, and potentially elsewhere in Mesoamerica.