Philpot, KY
Population 1,098 · Kentucky
About Philpot, KY
Philpot is a small town located in Kentucky with a population of 1,098 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,833 per year, which is 14% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Philpot features a median home value of $242,100, which is 1% below the national median of $244,900. This positions Philpot in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 429 total housing units, 80% are owner-occupied (333 units) and 20% are renter-occupied (81 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Philpot shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Philpot have an average one-way commute time of 17.2 minutes, one of the shorter commutes in the region.
Education & Demographics
42.6% of Philpot 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Philpot, KY
Compared to national averages, Philpot has a median household income of $85,833 (14% above the national median of $75,149). Home values average $242,100, which is 1% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Philpot's income is 30% above the state average of $66,273, and home values are 33% above the state median of $182,504.
Why Live in Philpot, KY?
Philpot offers a strong local economy with a median household income of $85,833, well above the national average, and affordable housing with a median home value of $242,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 42.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.8%, better than the national average, and short commute times averaging just 17.2 minutes.
Philpot has a population of 1,098 with a median age of 41.1 years. Compare Philpot with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Philpot
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lewisburg | 1,093 | $37,684 | $101,000 | Compare |
| Northfield | 1,104 | $110,714 | $485,800 | Compare |
| Silver Grove | 1,104 | $46,315 | $103,400 | Compare |
| Heritage Creek | 1,090 | $96,696 | $245,900 | Compare |
| Clay | 1,112 | $43,884 | $75,600 | Compare |
| Earlington | 1,113 | $34,904 | $64,400 | Compare |
| Irvington | 1,129 | $48,750 | $113,500 | Compare |
| Brownsville | 1,066 | $37,500 | $156,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Philpot With Other Cities
Frequently Asked Questions about Philpot
What is the population of Philpot, KY?
The population of Philpot, KY is 1,098 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Philpot?
The median household income in Philpot, KY is $85,833 per year, which is 14% above the national median of $75,149.
What is the median home value in Philpot?
The median home value in Philpot, KY is $242,100, which is 1% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Philpot?
The median monthly rent in Philpot, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Philpot?
The unemployment rate in Philpot, KY is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Philpot, KY a good place to live?
Philpot offers above-average incomes, affordable housing, and a strong job market. With a population of 1,098 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Philpot, KY?
42.6% of residents in Philpot aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Philpot?
Key cost-of-living indicators for Philpot, KY: median home value is $242,100 (1% below national), median rent is $0/month, and median household income is $85,833. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Philpot?
The poverty rate in Philpot, KY is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Philpot, KY?
Philpot's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.