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Frankfort, Kentucky

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
28,503
Population
$53,073
Median Income
$183,700
Home Value
35.3
Median Age

Demographics

Frankfort has a population of 28,503 with a median age of 35.3. Here is the racial and ethnic breakdown of the population:

White
72.9%
Black
14.2%
Hispanic
6.4%
Other
4.2%
Asian
2.3%
Demographic Value
Total Population28,503
Median Age35.3
White72.9%
Black or African American14.2%
Asian2.3%
Hispanic or Latino6.4%
Other / Two or More Races4.2%
Frankfort, Kentucky — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 72.9%Black: 14.2%Hispanic/Latino: 6.4%Other: 4.2%Asian: 2.3%28,503PopulationWhiteWhite72.9%BlackBlack14.2%Hispanic/LatinoHispanic/Latino6.4%OtherOther4.2%AsianAsian2.3%

Income & Economy

The median household income in Frankfort is $53,073, which is 34.2% below the national median of $80,610. The per capita income is $33,900. The poverty rate is 19.1%.

$53,073
Median Household Income
$33,900
Per Capita Income
19.1%
Poverty Rate

Employment

The unemployment rate in Frankfort is 4.9%, compared to the national rate of 4.1%.

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Education

In Frankfort, 90.8% of residents age 25+ have a high school diploma or higher, and 28.4% hold a bachelor's degree or higher (12.1% with a graduate or professional degree).

HS Diploma+
90.8%
Bachelor's+
28.4%
Graduate+
12.1%
Education Level % of Adults (25+)
High School Diploma or Higher90.8%
Bachelor's Degree or Higher28.4%
Graduate or Professional Degree12.1%

Housing

The median home value in Frankfort is $183,700, below the national median of $303,400. The median monthly rent is $944. The homeownership rate is 48.8%.

$183,700
Median Home Value
$944/mo
Median Rent
48.8%
Homeownership Rate
Housing Metric Value
Median Home Value$183,700
Median Monthly Rent$944
Homeownership Rate48.8%
Vacancy Rate7.0%

Salaries in Kentucky

Explore salary data for popular occupations in Kentucky:

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Other Cities in Kentucky

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Frequently Asked Questions

What is the population of Frankfort, Kentucky?
The population of Frankfort, Kentucky is 28,503 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Frankfort, Kentucky?
The median household income in Frankfort, Kentucky is $53,073. This is 34.2% below the national median of $80,610.
What is the median home value in Frankfort, Kentucky?
The median home value in Frankfort, Kentucky is $183,700. The median monthly rent is $944.
What percentage of people in Frankfort have a college degree?
In Frankfort, Kentucky, 28.4% of adults age 25 and older hold a bachelor's degree or higher, and 90.8% have a high school diploma or higher.
Is Frankfort, Kentucky an affordable place to live?
The home price-to-income ratio in Frankfort, Kentucky is 3.5x (median home value $183,700 vs. median income $53,073), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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