Below Average CostSafer than AverageKentucky Tech System
U.S. Route 60 Frankfort, KY (23892062134) (cropped) · Mobilus In Mobili / CC BY-SA 2.0St. Clair St, Frankfort Kentucky, Central Frankfort Historic District · Kenneth C. Zirkel / CC BY-SA 4.0Kentucky Old State Capitol - DSC09287 · Daderot / CC0Frankfort bird eye · Wikimedia Commons / Public domain
Frankfort is a small city of 28,460 in Kentucky, with a median household income of $53,905
and a 5.4% unemployment rate.
Its cost of living index is 91 (US average = 100), which is
9% below the national average.
Strengths:
Frankfort stands out for an affordable cost of living, below-average home prices, lower-than-average crime, short average commutes.
Trade-offs:
Potential downsides include an elevated unemployment rate. Whether Frankfort is right for you depends on your priorities — the full breakdown is below.
All Frankfort city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.3
Frankfort's overall cost of living index is 91.3,
where 100 represents the US national average.
Living in Frankfort costs roughly 9% less than the average American city.
Metric
Frankfort, KY
National Avg
Median Home Value
$157,300
$244,900
Median Monthly Rent
$889
$1,163
Homeownership Rate
48.0%
65.9%
Median Household Income
$53,905
$74,755
Crime & Safety
Safer than Average
Frankfort's violent crime rate is 202.3 per 100,000 residents
— 47% lower than the national average of ~380 per 100,000.
Violent Crime
202.3 /100k
Property Crime
1643.2 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Frankfort is served primarily by Kentucky Tech System.
Metric
Frankfort, KY
National Avg
School District
Kentucky Tech System
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
52
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
28.4%
35.4%
High School Diploma or Higher
90.7%
91.1%
Weather & Climate
Frankfort sees average highs of 43.1°F in January
and 87.6°F in July,
with 50.5 inches of annual precipitation
and 14.5 inches of snow per year.
Frankfort's cost of living index is 91, where 100 is the national average.
That makes Frankfort roughly 9% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $157,300 and median rent is $889/month.
Frankfort's violent crime rate is 202.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1643.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Frankfort are operated by Kentucky Tech System.
The district has several elementary, several middle, and 52 high schools.
28.4% of adults 25+ hold a bachelor's degree or higher.
Frankfort, KY has a population of 28,460, a median household income of $53,905, and an unemployment rate of 5.4%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Frankfort averages 43.1°F in January and 87.6°F in July. Annual rainfall is 50.5 inches
with about 14.5 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Frankfort, KY is covered by 1 ZIP code: 40601.
The population of Frankfort, Kentucky is 28,460 with a median age of 34.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Frankfort: cost of living index 91 (100 = US average), median home $157,300, median household income $53,905, crime index 63 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Frankfort side by side with your current city to see the trade-offs.
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