Frankfort, KY vs Murray, KY

Frankfort, KY and Murray, KY have a very similar cost of living, with only a 2.1% difference in their overall index. Frankfort scores 75 while Murray scores 73 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Frankfort is $935/month compared to $835/month in Murray — a 12% difference. Interestingly, home values tell a different story: while Murray has cheaper rent, Frankfort actually has lower median home values ($171,600 vs $193,300).

Median household income in Frankfort is $54,438 compared to $40,348 in Murray (+34.9%). While Frankfort is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Frankfort spend roughly 20.6% of their income on rent, less than the 24.8% in Murray.