What is the median household income in Philo, IL?
The median household income in Philo, IL is $105,625 (±$20,790) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,222 a month would take about $48,900 a year at the common guideline of spending no more than 30% of income on rent.
In Philo, the median household income went from $80,804 in 2015–2019 to $105,625 in 2020–2024 (+30.7%).
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
- $105,625 (±$20,790)
- Median renter income
- $74,539 (±$63,611)
- Income to afford median rent
- about $48,900
Income in Philo against Champaign County, its state and the nation
| Philo | Champaign County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $105,625 (±$20,790) | $63,683 (±$1,675) | $83,390 (±$362) | $80,734 |
| Median renter household income | $74,539 (±$63,611) | $33,434 (±$1,390) | $50,420 (±$471) | $52,966 |
| Median owner household income | $106,719 (±$15,961) | $101,708 (±$3,128) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,222 (±$182) | $1,051 (±$21) | $1,274 (±$5) | $1,413 |
In Philo, 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 ranks 15 of 54 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 434 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
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 $1,222 a month ($14,664 a year) needs an income of about $48,900 a year.
The median renting household in Philo earns $74,539 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 | $80,804 (±$8,794) | $105,625 (±$20,790) | +30.7% | No measurable change after inflation |
| Median gross rent | $750 (±$291) | $1,222 (±$182) | +62.9% | No measurable change after inflation |
| Median home value | $155,100 (±$7,767) | $205,400 (±$15,299) | +32.4% | 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
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Philo | — | $105,625 (±$20,790) | — |
| Philo Township | 2.3 mi | $113,201 (±$6,263) | Not measurably different |
| Sidney Township | 4.2 mi | $107,222 (±$21,978) | Not measurably different |
| Sidney | 4.7 mi | $88,618 (±$12,343) | Not measurably different |
| Urbana Township | 5.2 mi | $62,905 (±$13,447) | Lower |
| Tolono | 5.7 mi | $69,653 (±$31,354) | Not measurably different |
| Crittenden Township | 6.2 mi | $114,519 (±$49,015) | Not measurably different |
| Savoy | 6.5 mi | $91,966 (±$11,046) | Not measurably different |
| Tolono Township | 6.9 mi | $90,641 (±$22,342) | Not measurably different |
Nearby places with a measurably lower figure: 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 |
|---|---|---|
| 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) |
| 17 | Somer Township | $103,793 (±$55,359) |
| 18 | Scott Township (Champaign County) | $101,875 (±$59,019) |
| 19 | Champaign Township | $100,063 (±$15,993) |
| 20 | Fisher | $97,702 (±$11,141) |
| 21 | Ogden Township | $97,083 (±$15,921) |
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
What is the median household income in Philo?
The median household income in Philo is $105,625 (±$20,790) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Philo?
About $48,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,222 a month.
Have incomes in Philo kept up with inflation?
In Philo, the median household income went from $80,804 in 2015–2019 to $105,625 in 2020–2024 (+30.7%).
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?
The median renting household in Philo, IL earns $74,539 (±$63,611) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Philo village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Philo village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Philo village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Philo village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Philo village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Philo village, 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 village, Illinois (place:59533, in state:17).
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 at a glance
- Home values in Philo
- Homeowner costs in Philo
- Property taxes in Philo
- Types of homes in Philo
- Age of homes in Philo
- Heating fuel in Philo
- Commute and cars in Philo
- Population growth in Philo
- How long people stay in Philo
- Illinois landlord and tenant rules
- Housing across Champaign County
- Illinois places ranked by median household income
- Housing data for every place in Illinois