Phelps, NY
Population 2,164 · New York
About Phelps, NY
Phelps is a small community in New York with a population of 2,164 residents. The median household income is $65,272 per year, which is near the national average. The median age in Phelps is 38.6 years.
Housing in Phelps has a median home value of $162,700 and median monthly rent of $1,094. Of the 957 total housing units, the majority are owner-occupied, with 664 owner-occupied and 217 renter-occupied units.
The unemployment rate in Phelps is 8.7% and the poverty rate is 14.8%. 24.5% of residents hold a bachelor's degree or higher. The average commute time is 19.4 minutes.
Cost of Living in Phelps, NY
Compared to national averages, Phelps has a median household income of $65,272 (13% below the national median of $75,149). Home values average $162,700, which is 34% below the national median. Monthly rent at $1,094 is 6% below the US average of $1,163. Within New York, Phelps's income is 33% below the state average of $96,987, and home values are 58% below the state median of $387,181.
Why Live in Phelps, NY?
Phelps offers affordable housing with a median home value of $162,700, below the US average of $244,900, and rent that’s lower than the national average at $1,094/month, and short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($65,272) that falls below the national average. However, Phelps’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Phelps has a population of 2,164 with a median age of 38.6 years. Compare Phelps with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Phelps
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Placid | 2,159 | $49,556 | $370,700 | Compare |
| Greenport West | 2,170 | $74,432 | $770,800 | Compare |
| Barnum Island | 2,173 | $118,160 | $680,500 | Compare |
| Ontario | 2,176 | $52,625 | $189,400 | Compare |
| Bellerose Terrace | 2,180 | $160,443 | $562,700 | Compare |
| Washington Mills | 2,148 | $128,571 | $208,500 | Compare |
| Crompond | 2,144 | $203,080 | $556,500 | Compare |
| Lima | 2,188 | $85,469 | $195,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Phelps
What is the population of Phelps, NY?
The population of Phelps, NY is 2,164 according to the latest Census data.
What is the median household income in Phelps?
The median household income in Phelps, NY is $65,272 per year.
What is the median home value in Phelps?
The median home value in Phelps, NY is $162,700.
What is the average rent in Phelps?
The median monthly rent in Phelps, NY is $1,094.
What is the unemployment rate in Phelps?
The unemployment rate in Phelps, NY is 8.7%.