| Index | Frankfort | Kentucky | National |
| Cost of living | 90 | 88 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 76 | 70 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 94 | 95 | 100 |
| Lifestyle & Entertainment | 95 | 95 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 96 | 94 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Frankfort? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Frankfort stands at 90, making it 10% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Frankfort closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Frankfort can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Frankfort an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Frankfort is 25.9% lower than the national average, while the average monthly rent prices are 19.7% lower than average. The affordability of any location can also be influenced by median income levels. Frankfort has a median household income of $74,858, which is 8% lower than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Frankfort, the transportation index stands at 6.3% lower than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Frankfort, healthcare costs are 2.5% lower than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Frankfort, the groceries index is 0.9% lower than the national average.
The cost of living data for Frankfort shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $108,321 | $9,027 | $2,527 | $3,250 |
| Renters | $55,361 | $4,613 | $1,292 | $1,661 |
| State | General Sales Tax | With Max Surtax |
| Kentucky | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Kentucky | 4.5% | 4.5% |
| City | Population | Cost of Living Index | National Avg. |
| Pleasureville, KY | 1,456 | 90 | 10.1% |
| Stamping Ground, KY | 1,014 | 90 | 9.8% |
| Lawrenceburg, KY | 11,704 | 91 | 9.0% |
| Versailles, KY | 9,568 | 95 | 5.2% |
| Midway, KY | 1,926 | 97 | 3.4% |
| Frankfort, KY | 28,807 | 90 | 9.7% |
| City | Population | Cost of Living Index | National Avg. |
| Reisterstown, MD | 28,804 | 116 | 15.8% |
| Courtenay, BC | 28,804 | n/a | |
| Newburgh, NY | 28,811 | 106 | 5.5% |
| Burlington, MA | 28,820 | 165 | 65.4% |
| Winchester, VA | 28,825 | 111 | 11.3% |
| Frankfort, KY | 28,807 | 90 | 9.7% |
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