Frankfort, OH is a small city located in Ohio with a population of around 5,000 people. It is known for its rural lifestyle and proximity to major cities like Columbus and Cincinnati. The cost of living in Frankfort is lower than the US average, with rent for a two bedroom apartment averaging $790 per month compared to the US average of $1,430. Additionally, groceries are also cheaper than the national average with an index score of 96 versus 100 in the US.
Frankfort has numerous local companies providing jobs to many residents in the area. Businesses such as CCL Label Solutions Inc., Amcor Plastics Corp., and Frankfort Automotive Group are just a few of the employers providing opportunities for job seekers. There is also a thriving agricultural sector that produces corn, soybeans, wheat and hay among other products.
Overall, Frankfort offers an affordable cost of living which makes it an attractive place to live or visit. With its low rental costs and inexpensive groceries, it can be easily enjoyed by families on a budget while still offering plenty of amenities and activities for all ages.
Frankfort has an unemployment rate of 4.1%. The US average is 6.0%.
Frankfort has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Frankfort
- The Sales Tax Rate for Frankfort is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Frankfort is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frankfort
- The average income of a Frankfort resident is $24,556 a year. The US average is $28,555 a year.
- The Median household income of a Frankfort resident is $45,114 a year. The US average is $69,021 a year.