C+

Frankfort, KY

Source:

Affordability Score: 64/100

Population: 50,028 · 2 ZIP codes

The affordability dashboard for Frankfort, KY aggregates Census ACS 5-Year Estimates across 2 ZIP codes covering 50,028 residents, then layers in county-level federal data to produce an overall grade of C+ (64/100). The headline inputs are median household income of $65,732, median home value of $216,700, median rent of $966 per month, and 31.9% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,083 per month (studio $747, 1BR $859, 3BR $1,410, 4BR $1,680). Department of Labor data lists infant center-based childcare at $7,001 per year, consuming 11% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Frankfort, KY include rent. Unemployment currently reads 5.8% and poverty 13.4% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$65,732
Median household income
Education C-
31.9%
Bachelor's degree or higher
Housing C
3.3x
Home value $216,700 vs income
Commute B
20 min
Average commute time
Rent B+
$1,083/mo
2BR fair market rent (20% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare B
$7,001/yr
Center-based infant care (11% of income)

Income & Employment

Median Income
$65,732
▲ 6% vs national
Per Capita Income
$39,366
Unemployment Rate
5.8%
Poverty Rate
13.4%

Housing

Median Home Value
$216,700
▼ 21% vs national
Median Rent
$966/mo
Owner Occupied
64.7%
2BR Fair Market Rent
$1,083/mo
▼ 10% vs national

Fair Market Rents by Bedroom

Studio
$747
1BR
$859
2BR
$1,083
3BR
$1,410
4BR
$1,680

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
31.9%
▲ 2 ppt vs national
High School+
61.8%
Median Age
41.0
Avg. Commute
20 min
▼ 6 min vs national

Childcare Costs

Infant (Center)
$7,001/yr
11% of income
Toddler (Center)
$6,165/yr
Preschool (Center)
$6,165/yr
School-Age (Center)
$5,698/yr

What This Means

Frankfort, KY receives an overall affordability grade of C+ (64/100), aggregated from 2 ZIP codes with a total population of 50,028. This area performs well in rent. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Frankfort ZIP Codes
View all 2 ZIP codes with demographics and individual scorecards
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What are common questions about this dashboard?

Is Frankfort, KY affordable?
Frankfort, KY receives an overall affordability grade of C+ (64/100) based on Census, HUD, FBI, and DOL data. Median household income is $65,732. Median home value is $216,700.
What is the cost of living in Frankfort?
Key cost metrics: Median rent $966/mo. 2BR fair market rent $1,083/mo. Infant childcare $7,001/yr. Median home value $216,700.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →