Moving to Frankfort
What you need to know before relocating to Frankfort, Kentucky. Data-driven insights on housing, jobs, safety, and quality of life.
Is Frankfort a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Frankfort compares favorably on multiple dimensions. Highlights include rent ($898/mo) is below the national average; home prices ($219,500) are well below the us median; violent crime rate (224/100k) is well below the national average.
Frankfort at a Glance
Cost of Living in Frankfort
The median rent in Frankfort is $898/month, while the median home value is $219,500. With a median household income of $71,305, residents spend roughly 15% of monthly income on rent.
Overall, the Frankfort metro area is classified as very affordable compared to other US metros.
Job Market
Frankfort has a median household income of $71,305, which is 4% below the national median. The local unemployment rate is 3.8%, compared to the national average of 3.7%.
Safety in Frankfort
The violent crime rate in Frankfort is 224 per 100,000 residents, which is 41% below the national average of 380.
Property crime rate: 1552 per 100,000 residents.
Education in Kentucky
Kentucky has a high school graduation rate of 89% and per-pupil spending of $15,337/year. The student-to-teacher ratio is 16:1.
31% of Kentucky adults hold a bachelor's degree or higher.
Healthcare Access
Kentucky has 243 physicians per 100,000 residents, a 8.9% uninsured rate, and 3.1 hospital beds per 1,000 people. Life expectancy in Kentucky is 73.6 years.
Pros and Cons of Living in Frankfort
+Pros
- ✓Rent ($898/mo) is below the national average
- ✓Home prices ($219,500) are well below the US median
- ✓Violent crime rate (224/100k) is well below the national average
-Cons
- ✗Longer-than-average commute (32979 min)
Frequently Asked Questions
Is Frankfort a good place to live?⌄
Frankfort, Kentucky has several attributes that make it an attractive place to live, including rent ($898/mo) is below the national average and home prices ($219,500) are well below the us median. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Frankfort?⌄
The median rent in Frankfort is $898/month and the median home value is $219,500. The median household income is $71,305. Overall the metro is considered very affordable.
Is Frankfort safe?⌄
Frankfort has a violent crime rate of 224 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Frankfort?⌄
Frankfort has an unemployment rate of 3.8%, compared to the national average of 3.7%. The median household income is $71,305.