Frankfort, KY Profile: Facts & Data

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Frankfort, Kentucky - Basic Facts

The City of Frankfort had a population of 29,109 as of July 1, 2019. Frankfort ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Frankfort is located at latitude 38.2009 and longitude -84.8733 in Franklin County. The formal boundaries for the City of Frankfort encompass a land area of 14.77 sq. miles and a water area of 0.3 sq. miles. Franklin County is in the Eastern time zone (GMT -5). The elevation is 505 feet.

The City of Frankfort (GNIS ID: 2403656) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Frankfort is located within Frankfort Division of Franklin County.

Alternate Unofficial Names for Frankfort: The Big Bend.

Jump to... (On This Page!)
  1. Frankfort 2019 Demographic Data
  2. Growth Rates for Frankfort (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Kentucky Research Tools (Easy Tools & Current Data)
  3. Kentucky Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Frankfort, KY Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Frankfort, KY Housing Affordability Index is 179
State of Kentucky Housing Affordability Index is 161
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Frankfort, KY Wealth Index is 56
State of Kentucky Wealth Index is 73
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Kentucky address.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 29,109
Population in Households 27,646
Population in Familes 19,946
Population in Group Qrtrs 1,463
Population Density 1,971
Diversity Index1 46
 

INCOME

Median Household Income $49,264
Average Household Income $62,038
Per Capita Income $27,043
Wealth Index3 56

HOUSING

Total Housing Units 14,494 (100%)
Owner Occupied HU 6,767 (46.7%)
Renter Occupied HU 5,932 (40.9%)
Vacant Housing Units 1,795 (12.4%)
Median Home Value $133,944
Housing Affordability Index2 179
 

HOUSEHOLDS

Total Households 12,699
Average Household Size 2.18
Family Households 6,939
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.56% 0.38%
Households 0.55% 0.36%
Families 0.5% 0.19%
Median Household Income   1.51%
Per Capita Income   2.18%

Frankfort, KY - Peer Comparisons by Rank and Percentile

The table below compares Frankfort to the other 540 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 13 98th
Population Density # 116 79th
Diversity Index # 37 93rd
Median Household Income # 222 59th
Per Capita Income # 184 66th

Additional comparisons and rankings can be made with a VERY EASY TO USE Kentucky Census Data Comparison Tool.

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