Housing costs in Frankfort?
A typical home costs
$165,100, which is 51.2% less expensive than the national average of
$338,100 and 25.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Frankfort costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$980.
Can I afford Frankfort?
To live comfortably in Frankfort Indi Metro Area, Indiana, a minimum annual income of
$31,680 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Frankfort?
The cost of living in the Frankfort, IN Metro Area is significantly lower than the US average. According to data compiled by the BestPlaces Bureau, the cost of living in this area is 74 compared to the national average of 100. This means that goods and services are 26% cheaper than they would be elsewhere in the country. Although this area's median house value is still higher than the US average ($165100 compared to $338,100), it can still represent a great deal for individuals looking for an affordable place to live.