Phelps is a very small village located in the state of New York. With a population of 1,869 people and two associated neighborhoods, Phelps is the 622nd largest community in New York. Much of the housing stock in Phelps was built prior to World War II, making it one of the older and more historic villages in the country.

Of important note, Phelps is also a village of artists. Phelps has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Phelps’s character.

Also of interest is that Phelps has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.04% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

The population of Phelps overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Phelps, 22.61% have at least a bachelor's degree.

The per capita income in Phelps in 2022 was $28,213, which is low income relative to New York, and lower middle income relative to the rest of the US. This equates to an annual income of $112,852 for a family of four. However, Phelps contains both very wealthy and poor people as well.

The people who call Phelps home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Phelps residents report their race to be White, followed by Black or African-American. Important ancestries of people in Phelps include English, German, Irish, Italian, and Dutch.

The most common language spoken in Phelps is English. Other important languages spoken here include Polish and Greek.