Frankfort, KY

Kentucky

Frankfort is a small city in Kentucky with a population of 28,452. Residents earn $54,438 per year, which is 28% below the national average.

3.1 /5.0
B Good
28,452 Population 1,926/sq mi density
$54,438 Median Income $35,369 per capita
$171,600 Home Value $242,757 Zillow
$935 Median Rent
57°F Avg Temperature
342 Violent Crime/100K 3,718 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$54,438 median income, 4.6% unemployment
A+
Affordability
4.9 / 5.0
$171,600 home value, $935/mo rent
F
Safety
1.0 / 5.0
342 violent crimes/100K (10% below avg)
B
Education
3.2 / 5.0
27.9% bachelor's degree or higher
Median Income $54,438
28% lower than US avg
Home Value $171,600
39% lower than US avg
Violent Crime 342/100K
10% lower than US avg
Bachelor's+ 27.9%
17% lower than US avg
Median Rent $935
20% lower than US avg
Unemployment 4.6%
28% higher than US avg
Poverty Rate 15.8%
27% higher than US avg

How Frankfort Compares to the U.S. Average (100% = U.S. avg)

People

Population28,452
Median Age34.7 yrs
Density1,926/mi²
Male / Female49% / 52%
Largest GroupWhite 73%

Economy

B
Median Income$54,438
Per Capita$35,369
Unemployment4.6%
Poverty15.8%
County GDP$4,573M
Commute18 min

Housing

A+
Home Value$171,600
Rent$935
OwnershipN/A
Zillow$242,757

Crime

F
Violent342/100K
Property3,718/100K
Murder0.0/100K
Assault149/100K
Burglary735/100K

Health

ObesityN/A
UninsuredN/A

Climate

Avg Temp57°F
AQI41 (Good)
Rain47.3 in/yr
Elevation725 ft

Education

B
Bachelor's+27.9%
High School+90.8%
School Score5.50

Community

2024 VoteR 51% / D 47%
Commute18 min
EV Stations13
Libraries1

Is Frankfort a Good Place to Live?

Based on current data, Frankfort receives an overall livability score of 3.1 out of 5.0, earning a grade of B. Key strengths include affordable housing, high health insurance coverage. Areas to be aware of include below-average incomes. Frankfort offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Frankfort is $54,438, 28% below the national average of $75,149. Unemployment stands at 4.6%, indicating a healthy job market. The poverty rate of 15.8% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 18 minutes, shorter than most U.S. cities.

Cost of Living & Housing

The median home value in Frankfort is $171,600, 39% below the national median — offering relatively affordable homeownership. Renters pay a median of $935 per month, below the national average — a plus for affordability. A price-to-income ratio of 3.2x indicates a reasonably affordable housing market.

Safety & Crime

Violent crime in Frankfort is below the national average at 342 per 100,000 residents (U.S. avg: 380). Property crime occurs at a rate of 3,718 per 100,000, 90% above the national average.

Education

27.9% of residents hold a bachelor's degree, below the national average of 33.7%. 90.8% have completed high school. Area schools have an average test score of 5.5/10.

Climate & Weather

Frankfort enjoys a moderate climate with an average annual temperature of 57°F. Winters average 34°F in January while summers reach 77°F in July. Annual precipitation totals 47.3 inches. Air quality is rated Good with a median AQI of 41.

Frankfort has a population of 28,452 with a density of 1,926 people per square mile. The median age is 34.7 years, 11% younger than the national median of 38.9. The city is predominantly White (72.9%), with 1.4% Hispanic, 13.9% Black.

Population

28,452
Total Population
1,926
People / sq mi
34.7yrs
Median Age
11% below US avg
14.8mi²
Land Area

Gender Distribution

Male 48.5%
Female 51.5%

Race & Ethnicity

Frankfort vs U.S. Average

Language Spoken at Home

English Only91.5%
17% above US avg
Spanish8.5%
37% below US avg

Social Characteristics

Frankfort vs U.S. Average

The median household income in Frankfort is $54,438, which is 28% below the national average of $75,149. The unemployment rate is 4.6% (above the 3.6% US average). 15.8% of residents live below the poverty line. Workers commute an average of 18 minutes.

Income: Frankfort vs U.S.

Commute Mode

Income

Median HH Income$54,438
28% below US avg
Per Capita Income$35,369
Avg Weekly Wage$1,157
IRS Avg AGI$65,073

Employment & Poverty

Unemployment4.6%
28% above US avg
Poverty Rate15.8%
27% above US avg
Establishments (County)2,802
County GDP$4,573M

Business (County)

Restaurants125
Healthcare174
Retail192
Manufacturing44

Tax & Cost of Living

Property Tax (IRS)$3,377
4% below US avg
Effective Tax Rate1.97%

Commute & Transportation

Commute Time17.6 min
Work from Home9.2%

Walkability

The median home value in Frankfort is $171,600, 39% below the national average. Monthly rent averages $935 (20% below US avg). Zillow estimates the typical home value at $242,757.

Home Value Sources

Ownership Split

Home Values

Census Median$171,600
39% below US avg
Zillow ZHVI$242,757
Median List Price$244,950

Real Estate Market (Redfin)

Median List Price$244,950
$/Sq Ft$148
Homes Sold22
Sale-to-List Ratio94.8%
Price Drops21.6%
Inventory74

Rental Costs

Census Median Rent$935
20% below US avg
Zillow Rent (ZORI)$1,102

HUD Fair Market Rent

Studio$719
1 Bedroom$794
2 Bedrooms$984
3 Bedrooms$1,277
4 Bedrooms$1,442

Ownership & Property

Owner-Occupied48.0%

Property Tax

Avg Tax (IRS)$3,377
4% below US avg
Effective Rate1.97%

Health Metrics: Frankfort vs U.S. Average (%)

Chronic Conditions

Behaviors & Mental Health

Healthcare Access

Insurance Rate93.6%
Premature Death11,856/100K

Food & Exercise

Food Environment7.4/10
Exercise Access72.7%
Healthcare Facilities174
Frankfort has a violent crime rate of 342 per 100,000 residents, 10% below the national average of 380. Property crime stands at 3,718 per 100,000 (90% above US avg). The murder rate is 0.0 per 100,000.

Crime Rates: Frankfort vs U.S. Average (per 100,000)

Violent Crime

Total Violent342.0/100K
10% below US avg
Murder0.0/100K
100% below US avg
Rape40.0/100K
Robbery152.8/100K
Assault149.2/100K

Property Crime

Total Property3,717.9/100K
90% above US avg
Burglary734.8/100K
Theft2,775.7/100K
Vehicle Theft207.4/100K
Arson18.2/100K

Traffic Safety

Fatal Crashes (County/yr)4
FEMA Disasters91

Safety Score

Safety GradeF
Safety Score1.0 / 5.0
Frankfort has an average annual temperature of 57°F (14°C). Winters average 34°F in January while summers reach 77°F in July. Annual precipitation is 47.3 inches. Air quality is rated Good with a median AQI of 41.

Temperature

34°F Jan (1°C) 77°F Jul (25°C)
Annual Average56.5°F
5% above US avg
January Average34°F (1°C)
July Average77°F (25°C)

Precipitation & Snow

Annual Rainfall47.3 inches
25% above US avg

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation725 ft (221 m)
Area14.8 sq mi (38.3 km²)
Population Density1,926/sq mi
Coordinates38.1950°N, 84.8659°W
County FIPS21073
It is classified as Nonmetro — Urban 20K+, adjacent. 27.9% of residents hold a bachelor's degree or higher (17% below US avg). In the 2024 election, the county voted Republican by a 4.8-point margin.

2024 Presidential Election (County)

R 51.4%
D 46.6%

Winner: Republican by 4.8 points

Education

Bachelor's Degree+27.9%
17% below US avg
High School+90.8%
School Test Score5.50
B Education Grade (3.2/5.0)

Urban-Rural Classification

RUCC Code 4Nonmetro — Urban 20K+, adjacent
Population Density1,926/sq mi
Total Area14.8 sq mi

Infrastructure & Services

EV Charging Stations13
Alt Fuel Stations14
Public Libraries1
Healthcare Facilities174
Restaurants125
Retail Stores192

Safety & Disasters

Fatal Crashes (County/yr)4
FEMA Disaster Declarations91
F Safety Grade (1.0/5.0)

Commute & Transportation

Avg Commute17.6 min
Work from Home9.2%

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