Cost of Living in Frankfort, KY
Housing
The housing market plays a significant role in determining the cost of living in Frankfort, KY.
- Housing Index: 90.0 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $960 per month
Considering a move to Frankfort, KY? With a housing index of 90.0, home affordability is reasonable, especially with a median home price of 215000. The average rent for a 2-bedroom apartment stands at 800, while renting a 2-bedroom house may cost around 960. With competitive rental rates, this city offers options for different living arrangements. Furthermore, keep in mind that lower housing costs can improve overall quality of life, making Frankfort an attractive option for both renters and homebuyers alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Frankfort, KY.
- Electricity Price: $12.87 USD (median by state)
- Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Frankfort, KY could entail higher utility costs. Electricity costs sit at $12.87, while natural gas is priced at $22.78 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Frankfort is a financially viable option for your relocation.