Cost of Living in Frankfort, KY
Population: 28,452 • 2026 Data
$54,438
Median Household Income
-30% vs national
$935
Median Monthly Rent
-31% vs national
$171,600
Median Home Value
-49% vs national
7.2%
Unemployment Rate
Housing in Frankfort
The median home value in Frankfort, KY is $171,600. Monthly rent for a typical unit averages $935, while total monthly housing costs (including utilities and insurance) average $939.
Rent-to-income ratio: 20.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Frankfort, KY is $54,438. The unemployment rate stands at 7.2%, with a labor force of 14,310 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.