Housing costs in Frankfort?
A typical home costs
$193,700, which is 42.7% less expensive than the national average of
$338,100 and 0.3% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Frankfort costs
$950 per month, which is 3.3% more than the national average of
$920 and 7.4% more than the state average of
$880.
Can I afford Frankfort?
To live comfortably in Frankfort (zip 40601), Kentucky, a minimum annual income of
$37,080 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Frankfort?
The cost of living in 40601 Frankfort, KY is generally considered to be moderately low compared to other areas in the United States. According to BestPlaces, the average cost of housing in Frankfort is around 11% lower than the US average and the overall cost of living is about 8% lower than the national average. Utilities, groceries, and transportation are also lower than US averages as well. Additionally, taxes in Kentucky are relatively low with a state income tax rate of 5%, which helps to keep an individual's necessities costs down. All together this makes 40601 Frankfort a very affordable place to live for people looking for a good quality of life at a reasonable price.