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Frankfort, KY

Full City Profile · Kentucky · Franklin County County

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 27.9% income on rent
57°F Avg Temperature 293 sunny days/yr
292 Violent Crime/100K 3,427 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
292 violent crimes/100K
B
Education
3.2 / 5.0
27.9% bachelor's degree or higher

Frankfort, KY

At a Glance

Median Income
$54,438
28% below
$35,369 per capita
Home Value
$171,600
39% below
Zillow: $242,757
Median Rent
$935/mo
20% below
27.9% of income on rent
Violent Crime
292/100K
23% below
3,427/100K property
Bachelor's Degree+
27.9%
17% below
90.8% high school+
Unemployment
4.6%
28% above
15.8% poverty rate
Obesity Rate
31.0%
3% below
20.7% smoking rate
Avg Temperature
57°F
293 sunny days/yr

How Frankfort Compares to the U.S. Average

Each bar shows Frankfort's value as a percentage of the national average (100% = U.S. avg)

Income
72%
Home Value
61%
Rent
80%
Poverty
127%
Bachelor's
83%
Unemployment
128%
Crime
77%
Thin vertical line = U.S. national average (100%)

Is Frankfort a Good Place to Live?

B
3.1 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Frankfort residents earn a median household income of $54,438 , which is 28% below the national average of $75,149. Per capita income is $35,369. The unemployment rate stands at 4.6% (28% above the U.S. rate of 3.6%). 15.8% of residents live below the poverty line. The area is home to 2,802 business establishments, including 125 restaurants.

Housing & Cost of Living

The median home value in Frankfort is $171,600 , 39% below the national median of $281,900. Zillow estimates the typical home at $242,757. Median rent is $935/month, with 27.9% of renters spending more than 30% of income on housing. The cost of living index is 90.2 (100 = national average). The median home was built in 1971.

Safety & Crime

Frankfort reports 292 violent crimes per 100,000 residents , which is 23% below the national average of 380/100K. Property crime is 3,427/100K. The murder rate is 10.8/100K.

Education

27.9% of adults in Frankfort hold a bachelor's degree or higher (17% below the national average). 90.8% have completed high school. Local schools score 5.2/10 in standardized testing.

Climate & Weather

Frankfort has an average annual temperature of 57°F (14°C). Winters average 34°F in January while summers reach 77°F in July. The area gets 293 sunny days per year. Annual precipitation totals 47.3 inches. Air quality is rated Good with a median AQI of 41.

Data Overview

People

Population28,452
Median Age34.7 yrs
Density1,926/mi²
Male / Female49% / 52%
Foreign Born13.6%
Veterans5.3%

Economy

B
Median Income$54,438
Per Capita$35,369
Unemployment4.6%
Poverty15.8%
County GDP$4,573M
Avg Weekly Wage$1,157

Housing

A+
Home Value$171,600
Rent$935
Ownership48.0%
Zillow$242,757
Housing Units13,492
Rent Burden27.9%

Crime

F
Violent292/100K
Property3,427/100K
Murder10.8/100K
Assault159/100K
Burglary653/100K

Health

Obesity31.0%
Diabetes10.6%
Smoking20.7%
Heart Disease6.7%
Premature Death11,856/100K

Climate

Avg Temp57°F
Sunny Days293/yr
Rain47.3 in/yr
AQI41 (Good)
Elevation725 ft

Education

B
Bachelor's+27.9%
High School+90.8%
Graduate+11.8%
School Score5.2/10

Community

2024 VoteR 51% / D 47%
Commute18 min
Broadband82.8%
Internet Speed174 Mbps
EV Stations13
Libraries1

Did You Know?

Frankfort was founded in 1786.
The median home in Frankfort was built in 1971.
The nearest airport is Louisville Muhammad Ali International (47 miles).
The Gini coefficient (income inequality) is 0.453 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
16.1% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 174 Mbps.
There are 125 restaurants in the area.
The county recorded 4 fatal vehicle crashes.
91 declared natural disasters on record.