Phelps, Wisconsin, located in Vilas County and part of the Eagle River area, is a small town with a population of just over 500 people according to the U.S. Census Bureau. Despite its small size, Phelps is ranked highly on BestPlaces.net with an overall score of 6.3/10 based on cost of living, crime rate, education level, employment and housing statistics. The cost of living in Phelps is very reasonable compared to other places in Wisconsin with a median home value of $179,200 and a median rent of just $837 per month. Additionally, Phelps has reported one of the lowest crime rates in the state which contributes to its high ranking from Best Places. Education levels are also quite high in Phelps with 89% of adults having obtained at least some college education or higher degree. The unemployment rate here is also extremely low when compared to other cities and towns across Wisconsin at just 2%. Finally, the housing market remains strong with many homes available for sale or rent at affordable prices. Overall, Phelps provides residents with a great quality of life and that makes it an attractive place to live for those looking for an affordable yet safe environment in which to call home.
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