| Index | Phelps | Kentucky | National |
| Average Test Scores | 47% | 48% | 48% |
| Student/Teacher ratio | 13:1 | 16:1 | 16:1 |
| Total public schools | 3 | 1,157 | 79,221 |
| Total private schools | n/a | 298 | 24,874 |
| Total post-secondary schools | n/a | 130 | 7,963 |

| Index | Phelps | Kentucky | National |
| Completed 8th grade | 48.2% | 81.0% | 84.3% |
| Completed high school | 42.4% | 77.8% | 83.0% |
| Completed some college | 25.8% | 51.3% | 59.4% |
| Completed associate degree | 6.9% | 30.5% | 38.5% |
| Completed bachelors | 5.5% | 22.7% | 30.3% |
| Completed masters | 5.5% | 9.3% | 11.5% |
| Completed professional degree | 0.0% | 2.6% | 3.3% |
| Completed doctorate | 0.0% | 0.9% | 1.3% |
There are a total of 3 public schools, n/a private schools and n/a post-secondary schools in Phelps. Using the proficiency score averages, the average test scores for Phelps, KY schools is 47%. The average student to teacher ratio is 13:1. In Phelps, KY, an average of 48.2% of students have completed 8th grade and an average of 42.4% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Freeburn, KY | 273 | 69% | 43.8% |
| Belfry, KY | 270 | 52% | 8.3% |
| Elkhorn City, KY | 1,120 | 31% | 36.5% |
| Phelps, KY | 465 | 47% | 2.1% |
| City | Population | Avg. Test Scores | National Avg. |
| Forsan, TX | 465 | 49% | 1.0% |
| Andrew, IA | 465 | 70% | 45.3% |
| Colony, KS | 465 | 39% | 19.8% |
| Petersburg, NE | 465 | 52% | 8.3% |
| Bunn, NC | 464 | 39% | 19.4% |
| Phelps, KY | 465 | 47% | 2.1% |