Frankfort, Kentucky is a moderately-sized city with a population of 28,807 people. The majority of Frankfort residents report their race to be White; this is followed by Black and Asian. Frankfort is not known to have a high population (over 15 years old) of married people. At only 45% married, this city falls well below the national average. Not a fan of sitting in traffic during your commute to work? Frankfort offers shorter work commutes, with an average one-way commute time taking only 17 minutes, far lower than the national average of 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Frankfort could be a positive experience compared to other cities in Kentucky if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Frankfort and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, health & safety, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Kentucky and national averages.
Frankfort has a livability score of 72/100 and is ranked #113 in Kentucky and #5,293 in the USA. Based on the scores for each individual category, Frankfort has been rewarded with high marks for crime (B-), cost of living (A+) and housing (A+). Regrettably for Frankfort, there are some categories for which it does not rank well, this includes: amenities (F) and education (D).
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Frankfort market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Frankfort. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Frankfort are affordable. Median real estate prices in Frankfort come in at $242,057, which is 7.5% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Frankfort, the home price to income ratio is 3.2, which is 5.9% lower than the Kentucky average.
| Statistic | Frankfort | Kentucky | National |
| Average one way commute | 17min | 23min | 26min |
| Workers who drive to work | 79.2% | 82.2% | 76.4% |
| Workers who carpool | 11.7% | 9.7% | 9.3% |
| Workers who take public transit | 0.8% | 1.1% | 5.1% |
| Workers who bicycle | 0.1% | 0.2% | 0.6% |
| Workers who walk | 3.2% | 2.4% | 2.8% |
| Working from home | 4.2% | 3.3% | 4.6% |
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