Philip, SD
Population 491 · South Dakota
About Philip, SD
Philip is a small community located in South Dakota with a population of 491 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,750 per year, which is 42% below the national median of $75,149. The median age of 50.6 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 Philip features a median home value of $102,800, which is 58% below the national median of $244,900. This makes Philip one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $739, 36% below the national average of $1,163/month. Of the 291 total housing units, 59% are owner-occupied (126 units) and 41% are renter-occupied (86 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Philip shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.2%, above the national average of 12.4%. Workers in Philip have an average one-way commute time of 6.6 minutes, one of the shorter commutes in the region.
Education & Demographics
14.1% of Philip 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 0.2% White, 16.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Philip, SD
Compared to national averages, Philip has a median household income of $43,750 (42% below the national median of $75,149). Home values average $102,800, which is 58% below the national median. Monthly rent at $739 is 36% below the US average of $1,163. Within South Dakota, Philip's income is 32% below the state average of $64,650, and home values are 28% below the state median of $143,757.
Why Live in Philip, SD?
Philip offers affordable housing with a median home value of $102,800, below the US average of $244,900, and rent that’s lower than the national average at $739/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 6.6 minutes.
Potential considerations include median household income ($43,750) that falls below the national average. However, Philip’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Philip has a population of 491 with a median age of 50.6 years. Compare Philip with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Philip
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newell | 494 | $52,277 | $120,100 | Compare |
| Warner | 494 | $114,375 | $231,600 | Compare |
| Boulder Canyon | 487 | $71,846 | $510,400 | Compare |
| Prairiewood Village | 496 | $118,681 | $443,500 | Compare |
| Wounded Knee | 484 | $2,499 | $0 | Compare |
| Dupree | 483 | $48,036 | $69,400 | Compare |
| West Brule | 482 | $34,167 | $0 | Compare |
| Oacoma | 505 | $70,250 | $165,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Philip
What is the population of Philip, SD?
The population of Philip, SD is 491 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Philip?
The median household income in Philip, SD is $43,750 per year, which is 42% below the national median of $75,149.
What is the median home value in Philip?
The median home value in Philip, SD is $102,800, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Philip?
The median monthly rent in Philip, SD is $739, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Philip?
The unemployment rate in Philip, SD is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Philip, SD a good place to live?
Philip offers a moderate cost of living, affordable housing, and a strong job market. With a population of 491 and a median age of 50.6, the city appeals to established professionals and retirees.
How educated is Philip, SD?
14.1% of residents in Philip 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 Philip?
Key cost-of-living indicators for Philip, SD: median home value is $102,800 (58% below national), median rent is $739/month, and median household income is $43,750. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Philip?
The poverty rate in Philip, SD is 22.2%, 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 Philip, SD?
Philip's population is 0.2% White, 16.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 4.9% two or more races. 0.0% of residents are foreign-born.