Living in Philip, South Dakota
Cost of living, income, home prices, rent and demographics of Philip · Census data 2020–2024
Philip has 571 residents with a median age of 52.4. The median household income is $56,635 (25% lower than the South Dakota median), the median home value is $182,100, the median rent is $642/month.
Philip is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Philip at a glance
- Population
- 571
- Median age
- 52.4State: 38
- Median household income
- $56,635State: $75,081
- Median home value
- $182,100State: $257,400
- Median rent
- $642/moState: $946
- Homeowners
- 70.8%
- Bachelor's degree or higher
- 15.9%
- Average commute
- 5 min
Is Philip a good place to live?
Pros: Home values 29% lower than the state median; an average commute of 5 minutes.
Cons: Median household income 25% lower than the South Dakota median; a poverty rate of 15.6%.
The weather is best in May–June and August–September.
Cost of living in Philip
Housing is the biggest part of the cost of living. In Philip the median home value is $182,100, 45% lower than the U.S. median. Renters pay a median of $642 per month, which is 25.2% of household income. Homeowners with a mortgage pay $1,385 a month in housing costs.
Philip median household income
The median household income in Philip is $56,635 and the income per person is $31,126. 15.6% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Philip: homes for sale and rent
- Housing units
- 311
- Owner-occupied
- 70.8%
- Renter-occupied
- 29.2%
- Vacant
- 24.1%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.19
Philip demographics
- Population
- 571
- Median age
- 52.4
- Under 18
- 15.2%
- 65 and older
- 27.7%
- Households
- 236
- Foreign-born
- 0%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Philip ›
Education in Philip
15.9% of adults 25 and older in Philip have a bachelor's degree or higher (South Dakota: 31.9%), and 5.7% have a graduate or professional degree.
Jobs and commute in Philip
- Unemployment rate
- 0%State: 2.9%
- Average commute
- 5 minState: 18 min
- Work from home
- 0%
- Drive alone
- 98.8%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 64.4%
Philip vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Philip | 571 | $56,635 | $182,100 | $642 |
| Kadoka | 372 | $43,750 | — | $413 |
| Belvidere | 114 | $50,469 | $17,500 | — |
| Midland | 135 | $61,477 | $57,800 | — |
| Wall | 622 | $58,984 | $164,800 | — |
| Corn Creek | 113 | $2,499 | — | — |
More for people moving to Philip
Philip ZIP code ›Weather and climate ›Living in Philip: FAQ
What is the median household income in Philip, SD?
The median household income in Philip is $56,635, 25% lower than the South Dakota median of $75,081 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Philip?
The median home value in Philip is $182,100, compared with $257,400 in South Dakota.
How much is rent in Philip?
The median gross rent in Philip is $642 per month, about 25.2% of household income.
Is Philip, SD a good place to live?
Pluses: home values 29% lower than the state median; an average commute of 5 minutes. Minuses: median household income 25% lower than the South Dakota median; a poverty rate of 15.6%.
What is the median age in Philip?
The median age in Philip is 52.4 years (South Dakota: 38).
How long is the commute in Philip?
The average commute to work in Philip is 5 minutes; 0% of workers work from home.
What is the unemployment rate in Philip?
The unemployment rate in Philip is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Philip?
15.9% of adults in Philip 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.
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