Income & Economy in Phelps, KY
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$28,542
-61% vs national
Per Capita Income
$13,468
-64% vs national
Poverty Rate
17.3%
+27% vs national
Gini Index
0.3067
0 = perfect equality
Unemployment
89.2%
+1615% vs national
SNAP Recipients
35.5%
of households
How Phelps Compares
Source: Census ACS (2023)Phelps vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. Phelps is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Phelps. The median household income here is $28,542.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
89.2%
+1411% vs KY avg
Labor Force
83
Employed
9
Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
6.7%
of adults 25+
High School Diploma+
74.2%
of adults 25+
Median Age
55.6
Work from Home
0.0%
of workers
The median household income in Phelps, KY is $28,542, which is 61.0% below the national average of $73,224. Per capita income is $13,468. The poverty rate of 17.3% is lower than the KY state average of 18.4%. The Gini index of income inequality is 0.3067, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 89.2%, compared to the state average of 5.9%. 6.7% of adults hold a bachelor's degree or higher.