Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Frankfort is a medium-sized city located in the state of Kentucky. The city has a population of 27,705 inhabitants. 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. If you're not a fan of traffic congestion and long commute times to work, Frankfort is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 17 minutes, significantly lower than the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Frankfort, Kentucky. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, commute, health & safety, education, housing, you can easily compare the best places to live in Frankfort and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Frankfort to Kentucky and the national average.
With a livability score of 71 out of 100, Frankfort is ranked #5,411 in the United States and #111 in Kentucky. Based on the grades for each individual category, Frankfort has been rewarded with high marks for crime (B-), cost of living (A+) and housing (B+). There is at least one category that you should be aware of in Frankfort. The following was graded with a discouraging score: amenities (F) and employment (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.
Assuming that Frankfort meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Frankfort. Everything else becomes a lot less important if it turns out that home prices in Frankfort are simply unattainable. Median real estate prices in Frankfort come in at $132,500, which is 5.1% 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 2.6, which is 7.1% 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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