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. Philpot is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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.The citizens of Philpot are among the most well-educated in the nation: 42.65% of adults in Philpot have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree. 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.
