Residential comparison · 13 facts
Frankfort, KY vs Lexington, KY
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Frankfort needs about $88,500 in Lexington to keep the same lifestyle.
Coming from Lexington, $85,000 of lifestyle costs about $81,500 in Frankfort.
A few differences
- Lexington is higher on median household income ($69,479 vs $53,073).
- Frankfort is lower on cost of living index (78 vs 87).
- Frankfort is lower on 2-bedroom rent ($1,010/mo vs $1,178/mo).
Frankfort vs Lexington · facet by facet
| Facet | Frankfort, KY | Lexington, KY |
|---|---|---|
| Median home price | $183,700 | $293,500 |
| 2-bedroom rent | $1,010/mo | $1,178/mo |
| Property tax rate | 0.83% | 0.83% |
| State & local income tax | 5.45% | 5.95% |
| Sales tax | 6% | 6% |
| Cost of living index | 78 | 87 |
| Groceries index | 95 | 95 |
| Utilities | $160/mo | $160/mo |
| Median household income | $53,073 | $69,479 |
| Unemployment rate | 4.3% | 4.3% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.2/10 | 5.2/10 |
| Sunny days / year | 190 days | 190 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Frankfort, KY · Lexington, KY
Questions & answers
- Is Frankfort cheaper than Lexington?
- Frankfort has the lower day-to-day cost index (78 vs 87 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Lexington equals $85,000 in Frankfort?
- A household earning $85,000 in Frankfort needs about $88,500 in Lexington to keep the same lifestyle; coming the other way, $85,000 of Lexington lifestyle costs about $81,500 in Frankfort.