Franklin County · Kentucky · South · 29k residents
Frankfort, KY: economy, jobs & business costs
The site-selection read on Frankfort: labor costs, talent, corporate tax, energy, and business activity, with the Kentucky median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,205/wk. Kentucky's corporate income tax rate is 5%. Commercial electricity averages 11.5¢/kWh.
Compare Frankfort side by side
Avg. weekly wage
$1,205/wk
Corporate income tax
5%
Bachelor's degree or higher
28.4%
Commercial electricity
11.5¢/kWh
Economic momentum
How fast Frankfort's economy is moving, ranked against the US cities we track.
63/100
Steady
Ranks Frankfort's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $183,700 |
| Price per sq. ft. | $140 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $788/mo |
| 2-bedroom rent | $1,010/mo |
| State & local income tax | 5.45% |
| Sales tax | 6% |
| Corporate income tax | 5% |
| Avg. weekly wage | $1,205/wk |
| Bachelor's degree or higher | 28.4% |
| Commercial electricity | 11.5¢/kWh |
| Businesses per 1k residents | 52.8/1k |
| Wage: Software developer | $109,010 |
| Wage: Registered nurse | $81,040 |
| Wage: General manager | $79,370 |
| Wage: Customer service | $38,700 |
| Wage: Warehouse worker | $36,810 |
| Wage: Heavy truck driver | $56,340 |
| Wage: Electrician | $59,720 |
| Wage: Retail salesperson | $29,650 |
| Cost of living index | 78 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $50/mo |
| Gas price | $3.05/gal |
| Healthcare index | 93 |
| Childcare (per child) | $850/mo |
| Median household income | $53,073 |
| Unemployment rate | 4.3% |
| Population | 29k |
| Crime index | 45/100 |
| School rating | 5.2/10 |
| Walkability | 30/100 |
| Disaster risk | 65/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 88°F |
| January low | 25°F |
| Annual snowfall | — |
| Home price YoY | -2.0% |
| Home price MoM | -0.3% |
| Rent YoY | +3.1% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | +1.4% |
| Building permits YoY | -12.5% |
| Ocean coast | 457 mi |
| Big lake | 90 mi |
| Mountains | 197 mi |
| Major airport | 18 mi |
| Ski resort | 67 mi |
Popular comparisons
Nearby
- Georgetown, KY · 39k
- Shelbyville, KY · 18k
- Lexington, KY · 324k
- Nicholasville, KY · 32k
- Jeffersontown, KY · 29k
Similar size
- Henderson, KY · 28k
- Independence, KY · 29k
- Paducah, KY · 27k
- Hopkinsville, KY · 31k
- Elizabethtown, KY · 33k
Real listings in Frankfort
LoopNet ↗Crexi ↗CommercialCafe ↗
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- Is Frankfort a good place to run a business?
- Kentucky's corporate income tax rate is 5%; average weekly wages in the surrounding labor market run $1,205/wk; commercial electricity averages 11.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Frankfort, KY?
- Frankfort indexes at 78 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,010/mo and a acs median home value of $183,700.
- How much does a house cost in Frankfort?
- The acs median home value in Frankfort is $183,700 (Census ACS estimate; individual listings vary).
- How much is rent in Frankfort?
- A two-bedroom in Frankfort rents for about $1,010/mo.