Philo is a small town in California with an estimated population of around 2,500. It is known for its charming scenery and low cost of living. In Philo, the average rent for a two-bedroom apartment is significantly lower than national averages at $2,110 compared to $1,430. There are also several locally owned companies that make their home in Philo such as Moonstone Cellars which produces some of the finest wines in the region and The Sourdough Store which offers freshly made artisan breads and pastries. The Grocery Cost Index in Philo is also notably lower than the US average at 111 versus 100. So those looking to relocate to Philo can expect to enjoy a pleasant and affordable lifestyle with access to many local businesses.
Philo has an unemployment rate of 7.1%. The US average is 6.0%.
Philo has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Philo
- The Sales Tax Rate for Philo is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Philo is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Philo
- The average income of a Philo resident is $11,234 a year. The US average is $28,555 a year.
- The Median household income of a Philo resident is $32,308 a year. The US average is $69,021 a year.