Housing costs in Frankfort?
A typical home costs
$191,000, which is 43.5% less expensive than the national average of
$338,100 and 1.7% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Frankfort costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and close to the state average of
$920.
Can I afford Frankfort?
To live comfortably in Frankfort, Kentucky, a minimum annual income of
$36,720 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Frankfort?
Frankfort, KY is an affordable place to live. The cost of living in the city is 8.3% lower than the US national average and housing costs are 26.6% lower than the US average. The median home price in Frankfort is $146,400, which is substantially lower than other cities in the region such as Lexington and Louisville. Additionally, groceries and health care prices are relatively low as well. In summary, Frankfort is a great place for those looking to save money while still enjoying access to amenities in a larger city.