In 2023, Phelps, KY had a population of 387 people with a median age of 55.6 and a median household income of $28,542. Between 2022 and 2023 the population of Phelps, KY declined from 446 to 387, a −13.2% decrease and its median household income grew from $27,055 to $28,542, a 5.5% increase.
The 5 largest ethnic groups in Phelps, KY are White (Non-Hispanic) (90.2%), Two Races Including Other (Non-Hispanic) (8.53%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (1.29%), Black or African American (Non-Hispanic) (0%), and American Indian & Alaska Native (Non-Hispanic) (0%).
None of the households in Phelps, KY reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Phelps, KY are U.S. citizens.
In 2023, the median property value in Phelps, KY was $111,600, and the homeownership rate was 76.3%.