Living in Philo, Illinois
Cost of living, income, home prices, rent and demographics of Philo · Census data 2020–2024
Philo has 1,487 residents with a median age of 33.6. The median household income is $105,625 (27% higher than the Illinois median), the median home value is $205,400, the median rent is $1,222/month.
Philo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Philo at a glance
- Population
- 1,487
- Median age
- 33.6State: 39
- Median household income
- $105,625State: $83,390
- Median home value
- $205,400State: $263,300
- Median rent
- $1,222/moState: $1,274
- Homeowners
- 89.5%
- Bachelor's degree or higher
- 29.1%
- Average commute
- 24 min
Is Philo a good place to live?
Pros: Median household income 27% higher than the Illinois median; home values 22% lower than the state median; an average commute of 24 minutes; unemployment of 0.9%; a poverty rate of 10.3%.
The weather is best in May and July to September.
Cost of living in Philo
Housing is the biggest part of the cost of living. In Philo the median home value is $205,400, 38% lower than the U.S. median. Renters pay a median of $1,222 per month, which is 20.3% of household income. Homeowners with a mortgage pay $1,561 a month in housing costs.
Philo median household income
The median household income in Philo is $105,625 and the income per person is $38,395. 10.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Philo: homes for sale and rent
- Housing units
- 515
- Owner-occupied
- 89.5%
- Renter-occupied
- 10.5%
- Vacant
- 5.2%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 3.05
Philo demographics
- Population
- 1,487
- Median age
- 33.6
- Under 18
- 34.4%
- 65 and older
- 16.3%
- Households
- 488
- Foreign-born
- 1.6%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Philo ›
Education in Philo
29.1% of adults 25 and older in Philo have a bachelor's degree or higher (Illinois: 37.8%), and 8.9% have a graduate or professional degree.
Jobs and commute in Philo
- Unemployment rate
- 0.9%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 5.9%
- Drive alone
- 88.8%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 97.3%
Philo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Philo | 1,487 | $105,625 | $205,400 | $1,222 |
| Sidney | 936 | $88,618 | $197,600 | $1,094 |
| Tolono | 3,566 | $69,653 | $208,600 | $945 |
| Savoy | 8,968 | $91,966 | $320,300 | $1,003 |
| Urbana | 39,341 | $45,346 | $184,900 | $972 |
| Pesotum | 557 | $79,792 | $163,000 | $1,554 |
| Villa Grove | 2,349 | $70,647 | $125,700 | $878 |
| Champaign | 89,996 | $56,118 | $210,900 | $1,123 |
| St. Joseph | 3,778 | $120,789 | $270,900 | $968 |
More for people moving to Philo
Philo ZIP code ›Weather and climate ›Living in Philo: FAQ
What is the median household income in Philo, IL?
The median household income in Philo is $105,625, 27% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Philo?
The median home value in Philo is $205,400, compared with $263,300 in Illinois.
How much is rent in Philo?
The median gross rent in Philo is $1,222 per month, about 20.3% of household income.
Is Philo, IL a good place to live?
Pluses: median household income 27% higher than the Illinois median; home values 22% lower than the state median; an average commute of 24 minutes; unemployment of 0.9%; a poverty rate of 10.3%.
What is the median age in Philo?
The median age in Philo is 33.6 years (Illinois: 39).
How long is the commute in Philo?
The average commute to work in Philo is 24 minutes; 5.9% of workers work from home.
What is the unemployment rate in Philo?
The unemployment rate in Philo is 0.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Philo?
29.1% of adults in Philo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: