Cost of Living in Franklin County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Franklin County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Franklin County, Kentucky
Franklin balances income and costs
Franklin County's 17.1% rent-to-income ratio nearly matches Kentucky's state average of 17.0%, positioning it as a moderate-affordability market where housing doesn't dominate the budget. Median household income of $66,470 runs 11% below the national average, yet rents at $946/month stay reasonable for a county that includes Frankfort, Kentucky's capital.
State-average affordability in capital
Franklin County's 17.1% rent-to-income ratio practically matches Kentucky's statewide average, making it a bellwether of typical state affordability. Rents of $946/month run 23% above the state median of $771, reflecting Frankfort's status as a regional employment and government center.
Urban advantages over rural peers
Franklin's $946 rent sits between rural Fleming ($677) and Fayette County's urban premium ($1,101), offering a middle ground with better job diversity than surrounding counties. At 17.1%, Franklin's affordability ratio competes favorably with Garrard (15.2%) and Fleming (16.4%) while delivering more income opportunities than truly rural alternatives.
Capital city housing balance
Franklin households earning $66,470 annually spend $946 on rent (17.1% of income) or $982 on mortgage payments for homes valued near $198,700. This moderate burden leaves adequate income for savings and other priorities, supported by government and service-sector employment opportunities in Frankfort.
Franklin offers capital-city stability
Franklin County delivers state-average affordability paired with Frankfort's stable government employment market, making it an appealing option for those seeking moderate housing costs with reliable income prospects. At 17.1% rent-to-income, you're paying modestly for the advantage of a capital city's job diversity and community services.
Affordability Calculator
See how your income compares to housing costs in Franklin County
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$1,551
per month
Owner Cost Burden
17.7%
of gross income
The median home in Franklin County may be a stretch
Median home value is $198,700. Estimated monthly cost: $1,586 vs. your max of $1,551.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.