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.Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Philpot is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Philpot is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Philpot who work in teaching (18.36%), business and financial occupations (15.68%), and management occupations (14.34%). One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.80% 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. Philpot is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.Philpot is one of the most well-educated cities in the nation. 42.65% 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 $50,385, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $201,540 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 French and German/Yiddish.
