Frankfort, KY vs Shively, KY

Shively is moderately more affordable than Frankfort, with a 7.3% lower cost of living index. Frankfort scores 75 compared to 70 for Shively, where the US average is 100. This difference means residents of Frankfort 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 $847/month in Shively — a 10% difference. Home values follow the same pattern: Shively is more affordable at $139,200 median vs $171,600.

Median household income in Frankfort is $54,438 compared to $46,522 in Shively (+17%). 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 21.8% in Shively.