Zip 40601 (Frankfort, KY) Economy


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equestId":"f29b1d25-fbce-459b-9400-fd23918fe092","resource":"content","data":[{"id":"txt_5983e2f59717466e8c6ff31a72201706","text":", and compare the cost of living in Frankfort with the cost of living in the US\n \nFrankfort, KY 40601 is a city located in the state of Kentucky with an estimated population of 28,000. Rent for a 2 bedroom apartment in Frankfort is approximately $950, while rent for a similar sized place in America is $1,430. Additionally, according to Grocery Cost Index, items are 5% cheaper in Frankfort than in the US. Companies found within the city limits include Franklin County Public Schools District Office, Kentucky State University, Capital City Museum and Adair & Associates Architects. Compared to other areas of America, Frankfort has a much lower cost of living due to its lower rental prices and slightly discounted grocery costs.

Frankfort (zip 40601) has an unemployment rate of 5.3%. The US average is 6.0%.

Frankfort (zip 40601) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Frankfort (zip 40601)
- The Sales Tax Rate for Frankfort (zip 40601) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frankfort (zip 40601) is 8.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Frankfort (zip 40601)
- The average income of a Frankfort (zip 40601) resident is $34,385 a year. The US average is $37,638 a year.
- The Median household income of a Frankfort (zip 40601) resident is $59,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFrankfort, KentuckyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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