Frankfort, KY vs Owensboro, KY

Frankfort, KY and Owensboro, KY have a very similar cost of living, with only a 3.9% difference in their overall index. Frankfort scores 75 while Owensboro scores 72 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 $900/month in Owensboro — a 4% difference. Home values follow the same pattern: Owensboro is more affordable at $162,900 median vs $171,600.

Median household income in Frankfort is $54,438 compared to $53,295 in Owensboro (+2.1%). The higher salaries in Frankfort 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 20.3% in Owensboro.