Housing costs in Frankfort?
A typical home costs
$180,700, which is 46.6% less expensive than the national average of
$338,100 and 8.3% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Frankfort costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 24.1% cheaper than the state average of
$980.
Can I afford Frankfort?
To live comfortably in Frankfort, Ohio, a minimum annual income of
$34,560 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Frankfort?
The cost of living in Frankfort, OH is relatively low compared to other areas of the United States. According to Sperling's Best Places, the cost of living index in Frankfort is 78.8, which is nearly 20 points lower than the national average and almost 10 points lower than the Ohio state average. This means that goods and services are approximately 21% cheaper in Frankfort than in other parts of the country. Food costs are also quite reasonable, with groceries costing slightly less than 2% below average for the US as a whole. In addition to low housing costs (nearly 16% below average), utilities tend to be around 7-8% lower than the national average due to Ohio's abundance of inexpensive natural gas and electricity options.