Philpot is a tiny town located in the state of Kentucky. With a population of 991 people and two associated neighborhoods, Philpot is the 258th largest community in Kentucky. Philpot real estate is some of the most expensive in Kentucky, although Philpot house values don't compare to the most expensive real estate in the U.S.Unlike some towns, Philpot isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Philpot are a mix of both white- and blue-collar jobs. Overall, Philpot is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in Philpot who work in teaching (22.00%), management occupations (18.08%), and business and financial occupations (16.12%). Also of interest is that Philpot has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.24% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Because of many things, Philpot is a great place for families with children to consider. First of all, many other families with children live here, making Philpot a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Philpot has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Philpot’s overall crime rate is lower than average for the country. Being a small town, Philpot does not have a public transit system used by locals to get to and from work.Philpot is one of the most well-educated cities in the nation. 47.06% of adults in Philpot have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher. The per capita income in Philpot in 2022 was $42,297, which is wealthy relative to Kentucky, and upper middle income relative to the rest of the US. This equates to an annual income of $169,188 for a family of four. The people who call Philpot home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Philpot residents report their race to be White. Important ancestries of people in Philpot include German, Irish, English, Italian, and Polish. The most common language spoken in Philpot is English. Other important languages spoken here include German/Yiddish and West Germanic languages.
