Frankfort, KY vs Shelbyville, KY

Frankfort is moderately more affordable than Shelbyville, with a 8.6% lower cost of living index. Frankfort scores 75 compared to 82 for Shelbyville, where the US average is 100. This difference means residents of Shelbyville 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 $979/month in Shelbyville — a 5% difference. Home values follow the same pattern: Frankfort is more affordable at $171,600 median vs $238,600.

Median household income in Frankfort is $54,438 compared to $73,733 in Shelbyville (-26.2%). While Shelbyville 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, more than the 15.9% in Shelbyville.