Cost of living in Frankfort
Frankfort, the capital city of Kentucky, offers a unique blend of historical charm and modern amenities. Understanding the cost of living in Frankfort is crucial for anyone considering moving to or residing in this city.
This guide provides a detailed breakdown of various expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13 on average, with a range between $8 and $32.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $48, with prices ranging from $45 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $8 and $8.5.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.25 to $10, imported beer $5 to $12, cappuccino $3 to $6, and Coke/Pepsi $1.29 to $3.
Grocery Prices
- Milk - Milk is priced between $0.71 and $0.95 per liter, averaging $0.81.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.47 and $4.41, with an average price of $2.81.
- Eggs (Dozen) - A dozen eggs range from $2.42 to $3.19, averaging $2.67.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.3 to $5.67 per kg, while oranges range from $1.96 to $10.1 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.08 and $3.86 per kg, and lettuce costs $1.39 to $2.99 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.75.
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.94 per liter.
- Taxi Fares - Taxi fares start at $5.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $650.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $650.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1450.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1260.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $185 and $282.8, averaging $239.27.
- Internet - Internet services range from $50 to $92, with an average cost of $67.17.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Frankfort offers a relatively affordable cost of living compared to larger cities. Dining out is reasonably priced, with a variety of options available.
Grocery prices are moderate, and transportation costs are low, making it easy to get around the city without breaking the bank.
Housing is affordable, especially for those looking to rent, with competitive prices both in and outside the city centre.
Conclusion
In conclusion, Frankfort, KY, provides a cost-effective living environment with a balanced mix of affordable housing, dining, and transportation options.
Whether you're planning to move or just visiting, understanding these costs can help you budget effectively and enjoy what the city has to offer.