Philo, IL
Population 1,461 · Illinois
About Philo, IL
Philo is a small community in Illinois with a population of 1,461 residents. The median household income is $103,438 per year, which is above the national average. The median age in Philo is 34.5 years.
Housing in Philo has a median home value of $198,100 and median monthly rent of $1,063. Of the 526 total housing units, the majority are owner-occupied, with 426 owner-occupied and 58 renter-occupied units.
The unemployment rate in Philo is 1.1% and the poverty rate is 7.0%. 28.4% of residents hold a bachelor's degree or higher. The average commute time is 21.1 minutes.
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.
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Frequently Asked Questions about Philo
What is the population of Philo, IL?
The population of Philo, IL is 1,461 according to the latest Census data.
What is the median household income in Philo?
The median household income in Philo, IL is $103,438 per year.
What is the median home value in Philo?
The median home value in Philo, IL is $198,100.
What is the average rent in Philo?
The median monthly rent in Philo, IL is $1,063.
What is the unemployment rate in Philo?
The unemployment rate in Philo, IL is 1.1%.