Frankfort, KY Profile: Facts & Data


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Frankfort, Kentucky - Basic Facts

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The City of Frankfort had a population of 28,763 as of July 1, 2022. 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 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.

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  1. Frankfort 2022 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 - 2022 Demographics

Frankfort, KY Data & Demographics (As of July 1, 2022)


Total Population 28,763 (100%)
Population in Households 27,572 (95.9%)
Population in Families 19,641 (68.3%)
Population in Group Quarters1 1,191 ( 4.1%)
Population Density 1,947
Diversity Index2 47


Median Household Income $57,415
Average Household Income $75,261
% of Income for Mortgage4 13%
Per Capita Income $33,153
Wealth Index5 54


Total HU (Housing Units) 14,244 (100%)
Owner Occupied HU 6,941 (48.7%)
Renter Occupied HU 5,783 (40.6%)
Vacant Housing Units 1,519 (10.7%)
Median Home Value $139,991
Average Home Value $164,459
Housing Affordability Index3 190


Total Households 12,725
Average Household Size 2.17
Family Households 6,881
Average Family Size 3.00
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. 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 races 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.
  3. 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.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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.


2020-2022 2022-2027
Population 0.25% -0.02%
Households 0.09% -0.05%
Families   -0.25%
Median Household Income   1.65%
Per Capita Income   2.10%
Owner Occupied HU   0.17%

Frankfort, KY - Peer Comparisons by Rank and Percentile

The table below compares Frankfort to the other 555 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2022 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 # 15 97th
Population Density # 117 79th
Median Household Income # 241 57th
Housing Affordability Index # 348 63rd
Per Capita Income # 196 65th
Diversity Index # 50 91st

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

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