Philmont, NY
Population 1,575 · New York
About Philmont, NY
Philmont is a small town located in New York with a population of 1,575 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,972 per year, which is 16% below the national median of $75,149. The median age of 42.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Philmont features a median home value of $215,700, which is 12% below the national median of $244,900. This positions Philmont in a moderately priced market relative to the rest of the country. Median monthly rent is $1,036, 11% below the national average of $1,163/month. Of the 744 total housing units, 59% are owner-occupied (338 units) and 41% are renter-occupied (232 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Philmont shows an unemployment rate of 8.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Philmont have an average one-way commute time of 20.4 minutes.
Education & Demographics
26.5% of Philmont 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, 0.8% Hispanic or Latino, 2.3% Black or African American, and 1.6% Asian residents, with 10.2% of the population being foreign-born.
Cost of Living in Philmont, NY
Compared to national averages, Philmont has a median household income of $62,972 (16% below the national median of $75,149). Home values average $215,700, which is 12% below the national median. Monthly rent at $1,036 is 11% below the US average of $1,163. Within New York, Philmont's income is 35% below the state average of $96,987, and home values are 44% below the state median of $387,181.
Why Live in Philmont, NY?
Philmont offers affordable housing with a median home value of $215,700, below the US average of $244,900, and rent that’s lower than the national average at $1,036/month, and a low poverty rate of 8.9%, better than the national average. Additionally, the city features short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($62,972) that falls below the national average. However, Philmont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Philmont has a population of 1,575 with a median age of 42.7 years. Compare Philmont with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Philmont
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Valatie | 1,579 | $99,632 | $304,600 | Compare |
| Sleepy Hollow Lake | 1,566 | $88,906 | $272,000 | Compare |
| Cairo | 1,565 | $54,479 | $197,000 | Compare |
| Rapids | 1,562 | $103,482 | $275,700 | Compare |
| Ransomville | 1,590 | $97,083 | $211,500 | Compare |
| Remsenburg-Speonk | 1,559 | $175,469 | $1,022,100 | Compare |
| Chatham | 1,594 | $86,625 | $306,300 | Compare |
| Greene | 1,556 | $53,508 | $149,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Philmont With Other Cities
Frequently Asked Questions about Philmont
What is the population of Philmont, NY?
The population of Philmont, NY is 1,575 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Philmont?
The median household income in Philmont, NY is $62,972 per year, which is 16% below the national median of $75,149.
What is the median home value in Philmont?
The median home value in Philmont, NY is $215,700, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Philmont?
The median monthly rent in Philmont, NY is $1,036, which is 11% below the national average of $1,163/month.
What is the unemployment rate in Philmont?
The unemployment rate in Philmont, NY is 8.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Philmont, NY a good place to live?
Philmont offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,575 and a median age of 42.7, the city appeals to a broad range of residents.
How educated is Philmont, NY?
26.5% of residents in Philmont 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 Philmont?
Key cost-of-living indicators for Philmont, NY: median home value is $215,700 (12% below national), median rent is $1,036/month, and median household income is $62,972. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Philmont?
The poverty rate in Philmont, NY is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Philmont, NY?
Philmont's population is 0.0% White, 0.8% Hispanic or Latino, 2.3% Black or African American, 1.6% Asian, and 15.4% two or more races. 10.2% of residents are foreign-born.