Phillips, NE
Population 376 · Nebraska
About Phillips, NE
Phillips is a small community located in Nebraska with a population of 376 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,750 per year, which is 5% above the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Phillips features a median home value of $140,400, which is 43% below the national median of $244,900. This makes Phillips one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $695, 40% below the national average of $1,163/month. Of the 125 total housing units, 89% are owner-occupied (106 units) and 11% are renter-occupied (13 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Phillips shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 24.6%, above the national average of 12.4%. Workers in Phillips have an average one-way commute time of 23.2 minutes.
Education & Demographics
7.0% of Phillips residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 19.7% White, 4.8% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 8.0% of the population being foreign-born.
Cost of Living in Phillips, NE
Compared to national averages, Phillips has a median household income of $78,750 (5% above the national median of $75,149). Home values average $140,400, which is 43% below the national median. Monthly rent at $695 is 40% below the US average of $1,163. Within Nebraska, Phillips's income is 20% above the state average of $65,895, and home values are 12% above the state median of $125,824.
Why Live in Phillips, NE?
Phillips offers a strong local economy with a median household income of $78,750, well above the national average, and affordable housing with a median home value of $140,400, below the US average of $244,900, and rent that’s lower than the national average at $695/month. Additionally, the city features a strong job market with an unemployment rate of just 1.3%, and short commute times averaging just 23.2 minutes.
Phillips has a population of 376 with a median age of 40.4 years. Compare Phillips with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Phillips
What is the population of Phillips, NE?
The population of Phillips, NE is 376 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Phillips?
The median household income in Phillips, NE is $78,750 per year, which is 5% above the national median of $75,149.
What is the median home value in Phillips?
The median home value in Phillips, NE is $140,400, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Phillips?
The median monthly rent in Phillips, NE is $695, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Phillips?
The unemployment rate in Phillips, NE is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Phillips, NE a good place to live?
Phillips offers above-average incomes, affordable housing, and a strong job market. With a population of 376 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Phillips, NE?
7.0% of residents in Phillips 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 Phillips?
Key cost-of-living indicators for Phillips, NE: median home value is $140,400 (43% below national), median rent is $695/month, and median household income is $78,750. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Phillips?
The poverty rate in Phillips, NE is 24.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Phillips, NE?
Phillips's population is 19.7% White, 4.8% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 0.0% two or more races. 8.0% of residents are foreign-born.