Frankfort, KY
Population 28,452 · Kentucky
About Frankfort, KY
Frankfort is a mid-sized city in Kentucky with a population of 28,452 residents. The median household income is $54,438 per year, which is near the national average. The median age in Frankfort is 34.7 years.
Housing in Frankfort has a median home value of $171,600 and median monthly rent of $935. Of the 13,714 total housing units, renting is more common than owning, with 6,130 owner-occupied and 6,633 renter-occupied units.
The unemployment rate in Frankfort is 7.2% and the poverty rate is 18.7%. 27.9% of residents hold a bachelor's degree or higher. The average commute time is 17.6 minutes.
How Frankfort Ranks in Kentucky
Cost of Living in Frankfort, KY
Compared to national averages, Frankfort has a median household income of $54,438 (28% below the national median of $75,149). Home values average $171,600, which is 30% below the national median. Monthly rent at $935 is 20% below the US average of $1,163. Within Kentucky, Frankfort's income is 18% below the state average of $66,273, and home values are 6% below the state median of $182,504.
Why Live in Frankfort, KY?
Frankfort offers affordable housing with a median home value of $171,600, below the US average of $244,900, and rent that’s lower than the national average at $935/month, and short commute times averaging just 17.6 minutes.
Potential considerations include median household income ($54,438) that falls below the national average. However, Frankfort’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Frankfort has a population of 28,452 with a median age of 34.7 years. Compare Frankfort with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Frankfort
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Henderson | 27,994 | $47,176 | $151,400 | Compare |
| Jeffersontown | 28,988 | $78,185 | $236,800 | Compare |
| Independence | 29,024 | $98,653 | $240,500 | Compare |
| Paducah | 26,894 | $51,243 | $164,600 | Compare |
| Hopkinsville | 31,011 | $47,428 | $140,200 | Compare |
| Nicholasville | 31,625 | $67,514 | $210,700 | Compare |
| Elizabethtown | 31,870 | $56,250 | $223,200 | Compare |
| Florence | 32,334 | $68,508 | $196,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Frankfort
What is the population of Frankfort, KY?
The population of Frankfort, KY is 28,452 according to the latest Census data.
What is the median household income in Frankfort?
The median household income in Frankfort, KY is $54,438 per year.
What is the median home value in Frankfort?
The median home value in Frankfort, KY is $171,600.
What is the average rent in Frankfort?
The median monthly rent in Frankfort, KY is $935.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort, KY is 7.2%.