Pros and Cons of Living In Frankfort, Kentucky. Is Frankfort, KY a Nice Place To Live or Retire?

Frankfort, Kentucky

Moving to Frankfort In Kentucky ? Is Frankfort, KY a Nice Place To Live? Pros and Cons of Living in Frankfort, Kentucky. Find out the best and worst about to live, raise a family or retire in Frankfort.

Frankfort is the capital of the U.S. state of Kentucky and the seat of Franklin County. It is a home rule-class city. The population was 28,602 at the 2020 United States census. Located along the Kentucky River, Frankfort is the principal city of the Frankfort, Kentucky Micropolitan Statistical Area, which includes all of Franklin and Anderson counties.

Before Frankfort was founded, the site was a ford across the Kentucky River, along one of the great buffalo trails used as highways in colonial America. English explorers first visited the area in the 1750s. The site evidently received its name after an incident in 1780, when pioneer Stephen Frank was killed in a skirmish with Native Americans; the crossing was named "Frank's Ford" in...

DEMOGRAPHICS

Population
27705
Unemployment
4.6%
2% NAT AVG.
Poverty
17.9%
28% NAT AVG.
Cost Of Living
89
11% NAT AVG.

ECONOMICS

Median Home Cost
$132500
42% NAT AVG.
Median Income
$50602
25% NAT AVG.
Median Rent
$779
33% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
924
42% NAT. AVG.
63% STATE AVG.
Violent Crime
69
36% NAT. AVG.
4% STATE AVG.
Property Crime
855
57% NAT. AVG.
73% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 22
People Earning < $10,000
1 in 22
People Earning < $50,000
49.1%
People With Any Degree
1 in 2.6

ETHNICITY

Ethnicity Frankfort USA
White 73.2% 60.1%
African American 14.6% 12.2%
American Indian 0.1% 0.6%
Asian 2.4% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.1% 2.8%
Hispanic 5.4% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Frankfort USA
Less than $10,000 4.6% 5.8%
$10,000 to $14,999 6.3% 4.1%
$15,000 to $24,999 9.2% 8.5%
$25,000 to $34,999 12.1% 8.6%
$35,000 to $49,999 16.9% 12.0%
$50,000 to $74,999 18.9% 17.2%
$75,000 to $99,999 15.9% 12.8%
$100,000 to $149,999 11.9% 15.6%
$150,000 to $199,999 2.6% 7.1%

EDUCATION

Education Frankfort USA
< 9th Grade 3% 5.0%
9-12th Grade 7% 7.0%
High School or GED 29% 27.0%
Other College 23% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 18% 20.0%
Master's Degree 10% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
Frankfort is a city in Kentucky state in USA with a population of 27705 residents.. The poverty rate of Frankfort is 17.9%, which is 28% higher than national average. The typical household in Frankfort earns $50602 a year, compared to the national median of $67,500. Nearly 49.1% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Frankfort remained 4.6%, which is 2% lower than national rate.

Cost of living in Frankfort is 89, which is 11% lower than national average. In Frankfort, only 30% of adults have a bachelor's degree and 31% have some college but no degree. Median home value in Frankfort is $132500 , which is 42% lower than national average. While median income in Frankfort remained $50602, which is 25% lower than national average.
Frankfort Scorecard

Jobs70%

Housing60%

Affordability80%

Safety50%

Amenities85%

Diversity80%

Education80%

THANKS FOR READING

Read this story and other stories in details on our Website.