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Phelps, KY 41553 has a population of approximately 1,818 and experiences a population change rate of -45.65%. The population density is 53.2 / sq mi .
The median household income for Phelps, KY 41553 is $41,397, with 781 households and an average household size of 2.91.
The median value of a home in Phelps, KY 41553 is $86,700 with an appreciation rate of 16.70%. 91.01% of housing in the state is owned while 3.89% is rented.
The cost of living in Phelps, KY 41553 is 80.2 %.
The unemployment rate in Phelps, KY 41553 is 4.40%, and recent job growth is at -0.58%. Future job growth is projected at 27.40%.
The sales tax rate in Phelps, KY 41553 is 6.00%, while the income tax rate is 5.00% .
School expenditures in Phelps, KY 41553 are $12,465, and the school ratio is 15.2:1.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 22.2 degrees. The average rainfall is approximately 45.6 inches per year, with 27.6 inches of snow per year.