What is the median household income in Philo Township, IL?
The median household income in Philo Township, IL is $113,201 (±$6,263) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,288 a month would take about $51,500 a year at the common guideline of spending no more than 30% of income on rent.
In Philo Township, the median household income went from $95,109 in 2015–2019 to $113,201 in 2020–2024 (+19.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $113,201 (±$6,263)
- Median renter income
- $74,167 (±$36,262)
- Income to afford median rent
- about $51,500
Income in Philo Township against Champaign County, its state and the nation
| Philo Township | Champaign County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $113,201 (±$6,263) | $63,683 (±$1,675) | $83,390 (±$362) | $80,734 |
| Median renter household income | $74,167 (±$36,262) | $33,434 (±$1,390) | $50,420 (±$471) | $52,966 |
| Median owner household income | $113,707 (±$8,169) | $101,708 (±$3,128) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,288 (±$161) | $1,051 (±$21) | $1,274 (±$5) | $1,413 |
In Philo Township, median household income is higher than in Champaign County ($63,683).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Champaign County, Philo Township ranks 10 of 54 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 309 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Philo Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,288 a month ($15,456 a year) needs an income of about $51,500 a year.
The median renting household in Philo Township earns $74,167 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $95,109 (±$12,300) | $113,201 (±$6,263) | +19.0% | No measurable change after inflation |
| Median gross rent | $883 (±$254) | $1,288 (±$161) | +45.9% | No measurable change after inflation |
| Median home value | $163,000 (±$5,684) | $246,300 (±$46,582) | +51.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Philo Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Philo Township | — | $113,201 (±$6,263) | — |
| Philo | 2.3 mi | $105,625 (±$20,790) | Not measurably different |
| Tolono | 4.0 mi | $69,653 (±$31,354) | Lower |
| Savoy | 4.2 mi | $91,966 (±$11,046) | Lower |
| Tolono Township | 4.8 mi | $90,641 (±$22,342) | Not measurably different |
| Urbana Township | 4.8 mi | $62,905 (±$13,447) | Lower |
| Sidney Township | 6.3 mi | $107,222 (±$21,978) | Not measurably different |
| Urbana | 6.4 mi | $45,346 (±$5,415) | Lower |
| Cunningham Township | 6.4 mi | $45,346 (±$5,415) | Lower |
Nearby places with a measurably lower figure: Tolono, IL ($69,653), Savoy, IL ($91,966), Urbana Township, IL ($62,905).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Champaign County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Raymond Township (Champaign County) | $123,750 (±$74,183) |
| 5 | St. Joseph | $120,789 (±$32,042) |
| 6 | Mahomet | $118,586 (±$11,263) |
| 7 | St. Joseph Township | $116,250 (±$16,860) |
| 8 | Mahomet Township | $115,615 (±$12,850) |
| 9 | Crittenden Township | $114,519 (±$49,015) |
| 10 | Philo Township | $113,201 (±$6,263) |
| 11 | Condit Township | $111,607 (±$44,968) |
| 12 | Newcomb Township | $109,265 (±$22,794) |
| 13 | Hensley Township | $108,081 (±$7,312) |
| 14 | Sidney Township | $107,222 (±$21,978) |
| 15 | Philo | $105,625 (±$20,790) |
| 16 | Sadorus Township | $105,313 (±$24,398) |
Showing 13 of 54 places in Champaign County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Philo Township
What is the median household income in Philo Township?
The median household income in Philo Township is $113,201 (±$6,263) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Philo Township?
About $51,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,288 a month.
Have incomes in Philo Township kept up with inflation?
In Philo Township, the median household income went from $95,109 in 2015–2019 to $113,201 in 2020–2024 (+19.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Philo Township?
The median renting household in Philo Township, IL earns $74,167 (±$36,262) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Philo township, Champaign County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Philo township, Champaign County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Philo township, Champaign County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Philo township, Champaign County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Philo township, Champaign County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Philo township, Champaign County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Philo township, Champaign County, Illinois (county subdivision:59546, in state:17 county:019).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Philo Township at a glance
- Home values in Philo Township
- Homeowner costs in Philo Township
- Property taxes in Philo Township
- Types of homes in Philo Township
- Age of homes in Philo Township
- Heating fuel in Philo Township
- Commute and cars in Philo Township
- Population growth in Philo Township
- Illinois landlord and tenant rules
- Housing across Champaign County
- Illinois places ranked by median household income
- Housing data for every place in Illinois