salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 17 minutes.
How much money do I need?
To rent here comfortably, you should earn about $37,760 a year. That is $18 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
Yes. Rent here is cheaper than in most of Kentucky. It is number 16 of 87 cities from cheapest to most expensive.
How much do households earn in Frankfort?
Share of households by yearly income. 15.4% of households earn $100,000 or more.
Rent by apartment size in Frankfort
| Size | Frankfort | U.S. average |
|---|---|---|
| Studio | $625 | $1,338 |
| 1 bedroom | $829 | $1,324 |
| 2 bedrooms | $1,063 | $1,509 |
| 3 bedrooms | $1,218 | $1,698 |
| 4 bedrooms | $1,768 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Frankfort overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Frankfort, so the Kentucky figure is shown.
Taxes and bills in Frankfort
Life in Frankfort
Is it cheaper to rent or buy in Frankfort?
Renting is cheaper right now: about $331 a month less.
Owning assumes a typical $183,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,370 for the down payment.
Frequently asked questions
What is the average rent in Frankfort, KY?
Renting in Frankfort costs a median of about $944 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Frankfort?
To keep rent under 30% of income, you need about $37,760 a year, or $18 an hour at a full-time job.
Is Frankfort cheap or expensive?
Frankfort is rated Cheap: rent takes 19.8% of the typical household income of $57,239. It ranks 16th cheapest of 87 Kentucky cities we track.
How much are property taxes in Frankfort?
The median homeowner in Frankfort pays $1,571 a year in property taxes, about 0.86% of the median home value.
Is Frankfort more expensive than the national average?
Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Frankfort?
The median home value in Frankfort is $183,700, about 3.2 times the typical yearly household income.
28,503 people live in Frankfort. Numbers are typical (middle) values.