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Cost of Living in Frankfort

Is it better to rent or buy in Frankfort? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$135,428
$1,727/mo

Median in area: $1,727

$443,877

Median in area: $443,877

$88,775

If you Rent

🔑
$1,996 /mo
Base Rent$1,727
Est. Utilities$269
% of Income17.7%
Pre-tax Residual$9,290

If you Buy

🏠
$3,485 /mo
P&I (6.839%)$2,324
Taxes & Ins$892
Est. Utilities$269
% of Income30.9%
Pre-tax Residual$7,800

Cost of Living FAQs

Is it cheaper to rent or buy in Frankfort?›

Based on median housing data, renting is currently more affordable on a monthly basis in Frankfort. The estimated all-in monthly cost for renting is $1,996, while owning a median-priced home with a 20% down payment is roughly $3,485 per month (a difference of $1,489).

How much do utilities cost in Frankfort?›

The average monthly utility cost (electricity and natural gas) for a typical home in Frankfort is approximately $269. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Frankfort?›

To comfortably afford the median rent and utilities in Frankfort without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $79,840 per year.