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CITY · 2020 ACS

Frankfort

Kentucky · 28,602 residents · 14.77 sq mi
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The short version

Frankfort has lower-than-average household income, with a median household income of $50,602. Population has held roughly steady since 2000. Median home value has risen by half since 2000, reaching $132,500.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 37.9
US median: 38.8
Average education
30% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
28,602
+3%since 2000
from 27,741 in 2000
1990 – 2025
Population density
1,936 / sq mi
+3%since 2000
from 1,878 / sq mi in 2000
US average: 280
Median age
37.9
+6%since 2000
from 35.9 in 2000
US average: 38.8
Population, 1990 – 2024
25K26K27K28K29K1990201020202024Frankfort
202429K
1990201020202024
Section 02

Income & economy

Median household income
$50,602
−4%inflation adjusted, since 2000
from $34,980 in 2000
US average: $66,278
1990 – 2024
Per capita income
$28,330
+38%since 2000
from $20,512 in 2000
US average: $35,364
Households earning $100K+
32.0%
+10.1 ptssince 2009
from 21.9% in 2009
US average: 43.9%
Poverty rate
17.9%
+4.0 ptssince 2000
from 13.9% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade9.8%
US avg: 10%
Information9.4%
US avg: 11.1%
Wholesale trade5.7%
US avg: 6.7%
Other services4%
US avg: 6.6%
Public administration3.3%
US avg: 4.7%
Finance & insurance3.2%
US avg: 5.5%
Agriculture, forestry, fishing3.1%
US avg: 1.7%
Construction3.1%
US avg: 1.2%
Professional, scientific, technical2.9%
US avg: 4.7%
Arts, entertainment, food1.6%
US avg: 2%
Transportation & warehousing1.1%
US avg: 2.5%
Education & health services0.3%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$132,500
+1%inflation adjusted, since 2000
from $87,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$779
+9%inflation adjusted, since 2000
from $474 in 2000
US average: $1,124
Owner-occupied
47.9%
−4.2 ptssince 2000
from 52.0% in 2000
52.1% rent
Afford Score
2.6
+5%since 2000
from 2.5 in 2000
1990 – 2024
RELATED:See current rent listings in Frankfort on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic81.1%(22,505)
Black14.6%(4,057)
Hispanic / Latino1.5%(411)
Asian0.9%(259)
Other0%
Diversity Score36.8%(10,213)
2020
White, non-Hispanic73.4%(20,996)
Black12.8%(3,670)
Hispanic / Latino5.2%(1,499)
Asian2.2%(638)
Other4.4%(1,256)
Diversity Score52.2%(14,931)
Diversity Score
52
+42%since 2000
from 37 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
30.1%
+5.2 ptssince 2000
from 24.9% in 2000
US average: 32.9%
High school or higher
89.7%
+10.5 ptssince 2000
from 79.2% in 2000
US average: 88.5%
Graduate degree
11.8%
+2.8 ptssince 2000
from 9.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
17.1 min
+49%since 2000
from 11.4 min in 2000
US average: 26.9
Drive alone to work
79.2%
+3.0 ptssince 2009
from 76.3% in 2009
US average: 75.1%
No vehicle available
10.6%
+1.6 ptssince 2009
from 9.1% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.6%
−5.5 ptssince 2011
from 10.1% in 2011
US average: 5.4%
Labor force participation
63.3%
+0.5 ptssince 2011
from 62.8% in 2011
US average: 63.4%
Management & professional
36.9%
−27.8 ptssince 2009
from 64.7% in 2009
US average: 39.3%
Section 08

People & community

Male
47.7%
−1.0 ptssince 2009
from 48.7% in 2009
Female
52.3%
+1.0 ptssince 2009
from 51.3% in 2009
Foreign born
5.5%
+2.3 ptssince 2009
from 3.2% in 2009
US average: 13.5%
Uninsured
7.5%
−76.9 ptssince 2013
from 84.4% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Frankfort to nearby cities

FRANKFORT VS
Lawrenceburg
Income$66,486+31%
Home value$201,100+52%
Population12,329−57%
SEE FULL COMPARISON →
FRANKFORT VS
Versailles
Income$62,368+23%
Home value$286,100+116%
Population10,734−63%
SEE FULL COMPARISON →
FRANKFORT VS
Georgetown
Income$80,088+58%
Home value$265,400+100%
Population40,883+43%
SEE FULL COMPARISON →
FRANKFORT VS
Shelbyville
Income$75,610+49%
Home value$257,100+94%
Population18,453−36%
SEE FULL COMPARISON →
Frequently asked

How many people live in Frankfort, Kentucky?

Frankfort, Kentucky has about 28,602 residents according to the 2020 American Community Survey.

What is the median household income in Frankfort, Kentucky?

The typical household in Frankfort, Kentucky earns about $50,602 a year. Half of households make more than that, and half make less.

Is Frankfort, Kentucky expensive?

In Frankfort, Kentucky, the median home is worth about $132,500, and the typical rent is about $779 a month.

How educated are people in Frankfort, Kentucky?

About 30.1% of adults age 25 and over in Frankfort, Kentucky hold a bachelor's degree or higher.

What is the poverty rate in Frankfort, Kentucky?

About 17.9% of people in Frankfort, Kentucky live below the federal poverty line.

Has Frankfort, Kentucky grown since 1990?

Yes, Frankfort, Kentucky has grown since 1990. The population has added about 2,634 residents, a change of about 10 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →