Philo, IL
Population 1,461 · Illinois
About Philo, IL
Philo is a small town located in Illinois with a population of 1,461 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,438 per year, which is 38% above the national median of $75,149. The median age of 34.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Philo features a median home value of $198,100, which is 19% below the national median of $244,900. This positions Philo in a moderately priced market relative to the rest of the country. Median monthly rent is $1,063, 9% below the national average of $1,163/month. Of the 526 total housing units, 88% are owner-occupied (426 units) and 12% are renter-occupied (58 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Philo shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Philo have an average one-way commute time of 21.1 minutes.
Education & Demographics
28.4% of Philo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.5% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Philo, IL
Compared to national averages, Philo has a median household income of $103,438 (38% above the national median of $75,149). Home values average $198,100, which is 19% below the national median. Monthly rent at $1,063 is 9% below the US average of $1,163. Within Illinois, Philo's income is 38% above the state average of $75,072, and home values are 19% above the state median of $165,779.
Why Live in Philo, IL?
Philo offers a strong local economy with a median household income of $103,438, well above the national average, and affordable housing with a median home value of $198,100, below the US average of $244,900, and rent that’s lower than the national average at $1,063/month. Additionally, the city features a strong job market with an unemployment rate of just 1.1%, and a low poverty rate of 7.0%, better than the national average, and short commute times averaging just 21.1 minutes.
Philo has a population of 1,461 with a median age of 34.5 years. Compare Philo with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Philo
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Granville | 1,463 | $70,893 | $134,300 | Compare |
| Hebron | 1,458 | $86,964 | $213,400 | Compare |
| Hartford | 1,456 | $39,364 | $65,800 | Compare |
| Waverly | 1,456 | $55,882 | $97,600 | Compare |
| Downs | 1,451 | $106,809 | $237,700 | Compare |
| Dunlap | 1,448 | $137,240 | $283,800 | Compare |
| Barry | 1,442 | $66,017 | $88,600 | Compare |
| Warren | 1,439 | $73,500 | $104,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Philo With Other Cities
Frequently Asked Questions about Philo
What is the population of Philo, IL?
The population of Philo, IL is 1,461 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Philo?
The median household income in Philo, IL is $103,438 per year, which is 38% above the national median of $75,149.
What is the median home value in Philo?
The median home value in Philo, IL is $198,100, which is 19% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Philo?
The median monthly rent in Philo, IL is $1,063, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Philo?
The unemployment rate in Philo, IL is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Philo, IL a good place to live?
Philo offers above-average incomes, affordable housing, and a strong job market. With a population of 1,461 and a median age of 34.5, the city appeals to young professionals and families.
How educated is Philo, IL?
28.4% of residents in Philo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Philo?
Key cost-of-living indicators for Philo, IL: median home value is $198,100 (19% below national), median rent is $1,063/month, and median household income is $103,438. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Philo?
The poverty rate in Philo, IL is 7.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Philo, IL?
Philo's population is 0.5% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.