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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

Income Overview

Median Household Income
$54,438
28% below
US avg: $75,149
Per Capita Income
$35,369
9% below
US avg: $39,052
Unemployment Rate
4.6%
28% above
US avg: 3.6%
Poverty Rate
15.8%
27% above
US avg: 12.4%

Income Comparison: Frankfort vs. U.S. Average

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

Median Household
US: $75,149
$54,438
72%
Per Capita
US: $39,052
$35,369
91%
IRS Avg AGI
US: $72,000
$65,073
90%
Avg Weekly Wage
US: $1,432
$1,157
81%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,157
19% below US avg ($1,432)
Mean Commute Time
18 min
36% below US avg (28 min)
Work From Home
9.2%
39% below US avg (15.2%)
Drive Alone
75.3%
3% above US avg (73.2%)
Public Transit
2.0%
59% below US avg (5.0%)
County GDP
$4,573M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 75.3%
Public Transit 2%
Work From Home 9.2%
Other 13.5%
Average commute time
18 minutes
US avg: 28 min

Business Landscape

Total Establishments
2,802
Restaurants
125
Healthcare
174
Retail
192
Manufacturing
44

Tax & Financial

IRS Avg Adjusted Gross Income
$65,073
10% below US avg ($72,000)
Avg Property Tax
$3,377
4% below US avg ($3,500)
Cost of Living Index
90.2
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$54,438
Per Capita Income$35,369
IRS Avg Adjusted Gross Income$65,073
Avg Weekly Wage$1,157
County GDP$4,573M

Hardship Indicators

Unemployment Rate4.6%
Poverty Rate15.8%
Gini Coefficient0.453
Cost of Living Index90.2

Commute

Mean Commute18 minutes
Drive Alone75.3%
Public Transit2.0%
Work From Home9.2%

Businesses

Total Establishments2,802
Restaurants125
Healthcare174
Retail192
Manufacturing44

Tax

IRS Avg AGI$65,073
Avg Property Tax$3,377