Frankfort, KY vs Newport, KY

Frankfort is moderately more affordable than Newport, with a 7.9% lower cost of living index. Frankfort scores 75 compared to 81 for Newport, where the US average is 100. This difference means residents of Newport can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Frankfort is $935/month compared to $994/month in Newport — a 6% difference. Home values follow the same pattern: Frankfort is more affordable at $171,600 median vs $221,100.

Median household income in Frankfort is $54,438 compared to $58,422 in Newport (-6.8%). The higher salaries in Newport partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Frankfort spend roughly 20.6% of their income on rent, more than the 20.4% in Newport.