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Situation & Outlook Report

Frankfort, KY Micropolitan Statistical Area
(CBSA 23180)
Geographic-Demographic-Economic Characteristics -- access other areas
See about updates.

This section is no longer being updated. Access the permanent replacement section at http://proximityone.com/cbsa/1/cbsa23180.htm. Please bookmark this new URL.

Access 2018 S&O Reports, featuring county and metro projections to 2030, via the interactive table at http://proximityone.com/metros.htm. The 2018 reports are similar but have been greatly expanded and updated.

Contents of this Report
This document is organized into these sections:
1. Recent Trends & Outlook
2. Overview & Updates
3. Reference & Thematic Pattern Maps
3.1. Lay of the Land
3.2. Neighborhood Patterns of Economic Prosperity
4. Population Characteristics & Trends
4.1. Component City Characteristics
4.2. Component County Characteristics
4.2.1. RDEMS Component County Characteristics
4.3. General Demographic Characteristics
5. Housing Characteristics & Trends
5.1. Total Housing Units
5.2. General Housing Characteristics
5.3. Residential Construction; Housing Units Authorized & Value
5.4. Housing Price Index
6. Economic Characteristics & Trends
6.1. Economic Profile
6.2. Cost of Living Indexes
6.3. Cost of Doing Business Indexes
6.4. Consumer Price Index
6.5. Gross Domestic Product
6.6. Establishments, Employment & Earnings by Type of Business
6.7. Labor Market Characteristics & Trends
7. Education Infrastructure
7.1. Component School District Characteristics
7.2. Component Higher Education Institution Characteristics
8. GeoPolitics
  Terms of Use
  Related Resources
  Using this Document
  Updates
  About Metros & Principal Cities
  Glossary


1. Recent Trends & Outlook
Summary of recent business, demographic, economic trends; year-ahead & 5-year outlook.
- the Recent Trends & Outlook section, updated quarterly, covers topics about this metro such as .. assessing the implications of next jobs report .. impact of Fed''s interest rate action .. which sectors are expanding or contracting .. housing market conditions .. insights to help your planning and decision-making. The Recent Trends & Outlook section is available in the subscription edition.

2. Overview & Update
The total population of the Frankfort, KY MISA metro changed from 70,762 in 2010 to 71,878 in 2015, a change of 1,592 (2.2%). Among all 917 metros, this metro was ranked number 473 in 2010 and 471 in 2015, based on total population. Annual net migration was 54 (2011), 125 (2012), -5 (2013), 339 (2014), 339 (2015). View annual population estimates and components of change table. See more about population characteristics below.

This metro is projected to have a total population in 2020 of 75,027. The projected population change from 2010 to 2020 is 4,250 (6.0%). The population ages 65 years and over is projected to change from 9,746 (2010) to 15,302 (2020), a change of 5,556 (57.0%). See more about population projections.

Based on per capita personal income (PCPI), this metro was ranked number 453 in 2008 and 479 in 2014. among the 917 metros for which personal income was estimated.The PCPI changed from $32,718 in 2008 to $37,143 in 2014, a change of $4,425 (13.5%). Per capita personal income (PCPI) is a comprehensive measure of individual economic well-being. Use the interactive table to compare PCPI in this metro to other metros. See more about PCPI in Economic Characteristics section below.

Attributes of driil-down, small area geography within the metro ... metros account for 65,744 of the national scope 73,056 census tracts (others are in non-metro areas). This metro is comprised of 16 tracts covering the metro wall-to-wall. View, rank, compare demographic-economic attributes of these tracts using the interactive tables. Use the CBSA code 23180; see table usage details below the table.

3. Lay of the Land & Neighborhood Patterns of Economic Prosperity   go top

3.1. Lay of the Land go top
Lay of the Land. The following map shows the metro with bold boundary.
Counties are labeled with county name and state-county FIPS code.

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

3.2. Patterns of Economic Prosperity by Neighborhood go top

Median household income by census tract (see color/data legend at left of map).

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

4. Population Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

4.1. Component City Characteristics go top
Principal Cities (about principal cities); Click link to view city profile.
  •   Frankfort

Cities 10,000 population and over; click link to view city profile.
  AreaCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-14
%Change
2010-14
  Frankfort, KY (2128900) 25,527 27,374 27,352 27,249 27,457 27,557 183 0.70
  Lawrenceburg, KY (2144146) 10,505 10,927 10,970 11,012 11,038 11,093 166 1.50

All places interactive tables General Demographics | Social | Economic | Housing
All places time series population estimates interactive table.

4.2. Component County Characteristics   go top
Updated periodically, annually. General demographics, social characteristics and extended detail Available in subscription edition.

Metropolitan areas are defined as one or more contiguous counties based on a set of demographic-economic criteria. Counties comprising the metro are shown below. For multi-county metros, this section provides insights into how the population is changing by county. Many metros changed geographic composition (counties included in the metro) between the Census 2010 vintage and the current vintage. These changes, if any, are also shown below (county is marked with **). See projections in related section.Click county code link to view county components of change.

  AreaJuly 1
2010
PctJuly 1
2011
PctJuly 1
2012
PctJuly 1
2013
PctJuly 1
2014
PctJuly 1
2015
Pct
Metro Summary ... more details 197,069 100.0 202,628 100.0 202,375 100.0 202,173 100.0 203,483 100.0 204,275 100.0
  Anderson County (21005) 21,452 10.9 21,552 10.6 21,658 10.7 21,732 10.7 21,886 10.8 21,979 10.8
  Franklin County (21073) 49,310 25.0 49,377 24.4 49,536 24.5 49,611 24.5 49,992 24.6 50,375 24.7

All counties interactive tables General Demographics | Social | Economic | Housing
All counties population estimates & components of change time series interactive table.

4.2.1. RDEMS County Characteristics
Updated quarterly. For more information, see RDEMS Main.
Links open HSG1 Housing & New Residential Construction section. Select other sections from list above table.
No counties presently available for this metro.

4.3. General Demographic Characteristics
Updated annually. For more information, detail & to compare areas use interactive table.
  Item20132014Change
2013-14
%Change
2013-14
Total Population: Race/Origin 70,142 72,880 2,738 3.90
  One race 68,052 71,054 3,002 4.41
    White 59,646 64,391 4,745 7.96
    Black/African American 59,646 64,391 4,745 7.96
    American Indian/Alaska Native 126 94 -32 -25.40
    Asian alone 690 840 150 21.74
    Native Hawaiian/Pacific Islander 0 0 0...
    Some other race alone 966 97 -869 -89.96
  Two or more races 2,090 1,826 -264 -12.63
  Hispanic or Latino (of any race) 1,604 1,509 -95 -5.92
Population 25 years and over 47,601 50,513 2,912 -5.92
  % high school graduate or higher 84.4 89.3 4.9 5.81
  % bachelor's degree or higher 22.1 29.1 7.0 31.67
Total Households 29,443 29,797 354 31.67
  Median household income ($) 44,534 50,884 6,350 14.26
  Mean household income ($) 57,050 63,014 5,964 10.45
  Item20132014Change
2013-14
%Change
2013-14
Total Population: Gender & Age 70,142 72,880 2,738 3.90
  Male 33,598 36,694 3,096 10.45
  Female 36,544 36,186 -358 10.45
  Under 5 years 3,864 3,602 -262 10.45
  5 to 9 years 4,265 5,061 796 18.66
  10 to 14 years 4,779 4,980 201 4.21
  15 to 19 years 4,686 4,428 -258 -5.51
  20 to 24 years 4,947 4,296 -651 -13.16
  25 to 34 years 7,899 9,074 1,175 14.88
  35 to 44 years 9,441 9,672 231 2.45
  45 to 54 years 10,108 10,635 527 5.21
  55 to 59 years 4,075 5,306 1,231 30.21
  55 to 59 years 4,075 5,306 1,231 30.21
  60 to 64 years 6,099 4,894 -1,205 -19.76
  65 to 74 years 6,257 6,388 131 2.09
  75 to 84 years 2,278 3,340 1,062 46.62
  85 years and over 1,444 1,204 -240 -16.62
  Median age 39.4 40.3 0.9 2.28
  18 years and over 54,697 56,481 1,784 3.26
  21 years and over 51,524 54,077 2,553 4.95
  62 years and over 13,820 13,326 -494 -3.57
  65 years and over 9,979 10,932 953 9.55

5. Housing Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

5.1. Total Housing Units
Updated Annually. Independent annual model-based estimates. For more information, detail & to compare areas use interactive table.
  ItemCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-2014
%Change
2010-2014
  Total Housing Units 32,291 32,375 32,421 32,418 32,440 32,455 80 0.25

5.2. General Housing Characteristics
Updated Annually. For more information, detail & to compare areas use interactive table.
  Item20132014Change
2013-14
%Change
2013-14
Housing Units: Units in Structure 31,955 32,820 865 2.71
  1-unit, detached 22,363 22,507 144 0.64
  1-unit, attached 479 336 -143 -29.85
  2 units 1,659 2,017 358 21.58
  3 or 4 units 1,824 1,905 81 4.44
  5 to 9 units 1,100 1,969 869 79.00
  10 to 20 units 759 903 144 18.97
  20 or more units 1,281 316 -965 -75.33
  Item20132014Change
2013-14
%Change
2013-14
Housing Units: Occupancy & Tenure 31,955 32,820 865 2.71
  Occupied Housing Units 29,443 29,797 354 1.20
    Owner 18,332 20,506 2,174 11.86
    Renter 11,111 9,291 -1,820 -16.38
  Vacant Housing Units 2,512 3,023 511 20.34
  Homeowner vacancy rate 2.00 2.40 0.40...
  Rental vacancy rate 8.40 5.30 -3.10...
Average household size; owner-occ 2.45 2.48 0.03 1.22
Average household size; renter-occ 2.10 2.18 0.08 3.81
Median Value $ owner occupied 134,900 136,700 1,800 1.33
Median Rent $ renter occupied 687 717 30 4.37

6. Economic Characteristics & Trends go top

6.1. Economic Profile go top
The Economic Profile shows shows derivation and key components of total personal income. Data are organized by place of residence and place of work. The place of residence profile includes estimates of total personal income, population, and per capita personal income. The place of work profile includes estimates of total earnings, total employment and average earnings per job. Updated annually. See related interactive table.

  Item20112012201320142015Change
2011-2015
%Change
2011-2015
Personal income 2,442,473 2,518,225 2,549,759 2,657,537 2,788,787 346,314 14.2
  Net earnings 1/ 1,477,391 1,521,356 1,522,831 1,567,152 1,652,463 175,072 11.9
  Personal current transfer receipts 591,262 608,277 640,587 677,141 709,501 118,239 20.0
    Income maintenance 2/ 63,071 66,024 68,108 55,837 55,165 -7,906 -12.5
    Unemployment insurance compensation 20,103 14,664 11,161 5,674 4,396 -15,707 -78.1
    Retirement and other 508,088 527,589 561,318 615,630 649,940 141,852 27.9
  Dividends, interest, and rent 3/ 373,820 388,592 386,341 413,244 426,823 53,003 14.2
  Population 4/ 70,929 71,194 71,343 71,878 72,354 1,425 2.0
  Per capita personal income 34,435 35,371 35,739 36,973 38,544 4,109 11.9
  Per capita net earnings 20,829 21,369 21,345 21,803 22,839 2,010 9.7
  Per capita personal current transfer receipts 8,336 8,544 8,979 9,421 9,806 1,470 17.6
    Per capita income maintenance 889 927 955 777 762 -127 -14.3
    Per capita unemployment insurance compensation 283 206 156 79 61 -222 -78.4
    Per capita retirement and other 7,163 7,411 7,868 8,565 8,983 1,820 25.4
  Per capita dividends, interest, and rent 5,270 5,458 5,415 5,749 5,899 629 11.9
  Earnings by place of work 1,994,899 2,033,855 2,052,540 2,131,897 2,194,874 199,975 10.0
    Wages and salaries 1,411,008 1,427,976 1,447,079 1,514,880 1,560,658 149,650 10.6
    Supplements to wages and salaries 462,810 490,876 492,263 497,770 509,362 46,552 10.1
      Employer cont. for empl. pension & insur. funds 6/ 363,786 389,618 390,459 390,565 400,379 36,593 10.1
      Employer cont. for government social insurance 99,024 101,258 101,804 107,205 108,983 9,959 10.1
    Proprietors' income 121,081 115,003 113,198 119,247 124,854 3,773 3.1
      Nonfarm proprietors' income -8,703 -8,353 -6,129 -7,660 -8,967 -264...
      Farm proprietors' income 129,784 123,356 119,327 126,907 133,821 4,037 3.1
Total full-time and part-time employment 44,871 45,100 45,697 46,613 47,092 2,221 4.9
  Wage and salary jobs 36,417 36,622 37,188 38,497 38,781 2,364 6.5
  Number of proprietors 8,454 8,478 8,509 8,116 8,311 -143 -1.7
    Number of nonfarm proprietors 7/ 1,147 1,139 1,139 1,137 1,137 -10 -0.9
    Number of farm proprietors 7,307 7,339 7,370 6,979 7,174 -133 -1.8
Average earnings per job (dollars) 44,459 45,097 44,916 45,736 46,608 2,149 4.8
  Average wages and salaries 38,746 38,992 38,913 39,351 40,243 1,497 3.9
  Average nonfarm proprietors' income 17,762 16,808 16,191 18,184 18,654 892 5.0
Dollar items are in current dollars (not adjusted for inflation). Per capita items in dollars; other dollar items in thousands of dollars.
See related notes.

6.2. Cost of Living Indexes   go top
Updated periodically. Available in subscription edition.

6.3. Cost of Doing Business Indexes   go top
Updated periodically. Available in subscription edition.

6.4. Consumer Price Index   go top
Updated monthly. Available in subscription edition.

6.5. Gross Domestic Product by Sector   go top
Updated quarterly, annually. For more information, detail & to compare areas use interactive table. Additional detail in subscription edition.

6.6. Establishments, Employment & Earnings by Detailed Type of Business go top
Updated quarterly. For more information, detail & to compare areas use interactive table.

Use the following links to access detailed establishment and employment data by type of business (CSV files).
  .. see notes on using these files.
  2013Q1 .. 2013Q2 .. 2013Q3 .. 2013Q4 .|. 2014Q1 .. 2014Q2 .. 2014Q3 .. 2014Q4 .|. 2015Q1 .. 2015Q2 .. 2015Q3 .. 2015Q4 .. 2016Q1 .. 2016Q2
 
6.7. Labor Market Characteristics & Trends go top
Updated monthly. Available in subscription edition.
For more information, detail & to compare areas use interactive table.
Table shows 13 most recent months.
  ItemAug15Sep15Oct15Nov15Dec15Jan16Feb16Mar16Apr16May16Jun16Jul16Aug16
Unemplymnt Rate 4.0 3.9 3.7 4.2 4.1 4.7 4.8 4.5 3.7 3.8 4.1 4.1 3.6
Unemployment 444 430 423 470 468 529 543 514 426 444 480 472 420
Employment 10,617 10,738 10,969 10,692 10,968 10,769 10,876 10,961 11,087 11,148 11,184 11,136 11,133
Labor Force11,06111,16811,39211,16211,43611,29811,41911,47511,51311,59211,66411,60811,553

7. Education Infrastructure   go top

7.1. Component School District Characteristics   go top
Districts in this metro. Updated periodically. See related School District interactive table.
District NameCity Name District
Code
Locale
Code
CountyState2012-13
Enrollment
2013 Total
Population
Grade Relevant
Pop Ages 5-17
Anderson CoLawrenceburg 21001203221005KY 3,922 21,811 3,998
Frankfort IndependentFrankfort 21019803221073KY 845 4,462 651
Franklin CountyFrankfort 21020103221073KY 6,288 45,186 7,106

Number of districts: 3 ... Total enrollment: 11,055
All school districts interactive tables General Demographics | Social | Economic | Housing
All school districts enrollment & adminstratively reported data interactive table.

7.2. Component Higher Education Institution Characteristics   go top
2014-15 School Year. Extended detail Available in subscription edition.
  Institution City Name Code LevelTotal UG EnrollmentFulltime UG EnrollmentTotal Grad EnrollmentFulltime Grad Enrollment
Kentucky State University Frankfort, KY1570587 1,754 1,397 141 54

  Number of institutions: 1 ... Total undergraduate enrollment: 1,754
  Levels: 3-Assoc degree, 4-at least 2, but < 4 years, 5-Bach degree, 6-Postbacc cert, 7 Masters degree, 8 Post-masters cert, 9 Doctors degree

8. GeoPolitics   go top
Updated periodically. Voting patterns, citizen voting age population, state legislative districts, congressional districts .. in this metro.
Available in subscription edition.

Notes
  • All data are for current vintage county and metro definition.
  • Developed by ProximityOne -- Metro Reports (888-364-7656)
  • Data sources: ProximityOne, Census Bureau, Bureau of Economic Analysis, Bureau of Labor Statistics, Federal Housing Finance Agency,
    National Center for Education Statistics.

Updates go top
The subscription edition updates frequently. Selected items are listed below. Register to receive update notifications.
  • Overview lead narrative; quarterly & annual/March.
  • Housing Price Index (section 5.4) quarterly.
  • Establishments, employment & earnings (section 6.6) quarterly.
  • Economic profile and personal income (section 6.1) annual/November.
  • Labor market situation (section 6.7) monthly.
  • Residential construction; units authorized & value (section 5.3.) monthly.
  • Population by county; annual series 2010-2016 (section 4.2.) annual/July.
  • Population by county; links for individual counties (section 4.2.) annual/July.
      -- includes annual data 2010-2016.
      -- includes components of change; race/origin; single year of age; age group summaries.
  • Total population and components of change; annual/March.
  • Census tracts overview section; annual/December.
  • General Demographics section updated/extended; annual/December.
  • Gross Domestic Product section; annual/September.
  • Higher education institutions; annual/February.
  • Metro & county demographic component detailed annual estimates; annual/March.
  • School districts in metro & K-12 enrollment; annual/August.
More about schedule and upcoming events ... Calendar ... Upcoming Events ... Find Event

Terms of Use go top
Situation & Outlook Reports are a proprietary resource developed by ProximityOne. There is no warranty of any type associated with any aspect of this report. The user of this document is solely responsible to any use, direct or indirect, that might be made of this document.

Related Resources go top
  • Metros main page
  • Current estimates and projections: states to 2030, counties & metros to 2020 by age, counties & states to 2060.
  • Making Custom Metropolitan Area Maps
  • Rental Market Conditions by Metropolitan Area
  • Metro Gross Domestic Product
  • Housing Price Index
  • Establishments, Employment & Earnings
  • Regional Economic Information System
  • ACS 2014 1-year General Demographics ... Social Characteristics ... Economic Characteristics ... Housing Characteristics

Using this Document go top
The Situation & Outlook Report, a component of the Situation & Outlook, is a core ProximityOne information resource providing insights into characteristics and trends of counties, metropolitan areas, states and the U.S. The Report also provides a gateway to drill-down demographic, economic and business data for smaller geographic areas.

Metropolitan areas include approximately 94 percent of the U.S. population -- 85 percent in metropolitan statistical areas (MSAs) and 9 percent in micropolitan statistical areas (MISAs).

About Metropolitan Areas & Principal Cities -- scroll section go top
Metropolitan Areas are designated by OMB ("Standards for Delineating Metropolitan and Micropolitan Statistical Areas") based mainly on Census Bureau-sourced data. Metropolitan areas are defined as Metropolitan Statistical Areas (MSA) and Micropolitan Statistical Areas (MISA). MSAs and MISAs are also referred to a Core-Based Statistical Areas (CBSAs). Contiguous CBSAs are defined as Combined Statistical Areas (CSA).

By definition, metropolitan areas are comprised of one or more contiguous counties. Metropolitan areas are not single cities and typically include many cities. Metropolitan areas are comprised of urban and rural areas and often have large expanses of rural territory. A business and demographic-economic synergy exists within each metro; metros often interact with adjacent metros. The demographic-economic make-up of metros vary widely and change often. See more about metros.

Principal Cities. The largest city in each metropolitan or micropolitan statistical area is designated a "principal city." Principal cities are designated by OMB based on Census-sourced data. Additional cities qualify as principal cities if specified requirements are met concerning population size and employment. The title of each metropolitan or micropolitan statistical area consists of the names of up to three of its principal cities and the name of each state into which the metropolitan or micropolitan statistical area extends. Titles of metropolitan divisions also typically are based on principal city names but in certain cases consist of county names.

One or more principal cities are designated within each Metropolitan Statistical Area (MSA) and Micropolitan Statistical Area (MISA). The term "principal city" is defined in the OMB "Standards for Delineating Metropolitan and Micropolitan Statistical Areas." A principal city is an OMB designation applied to one or more incorporated places and/or census designated places (CDPs). The OMB standards designate a Principal City (or Cities) of a Core-Based Statistical Area (CBSA) as determined by:
  a) The largest incorporated place with a 2010 Census population of at least 10,000 in the CBSA or,
        if no incorporated place of at least 10,000 population is present in the CBSA,
        the largest incorporated place or census designated place in the CBSA; and
  b) Additional places with 2010 Census population of at least 250,000 or in which 100,000 or more persons work; and
  c) Additional places with 2010 Census population of 50,000-250,000,
        and number of workers working in the place meets or exceeds the number of workers living in the place; and
  d) Additional places with 2010 Census population of 10,000-50,000, and at least one-third the population size of the largest place,
        and in which the number of workers working in the place meets or exceeds the number of workers living in the place.

ProximityOne User Group go top
Join the ProximityOne User Group to keep up-to-date with new developments relating to metros and component geography decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group.

Support Using these Resources go top
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Additional Information go top
ProximityOne develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact us (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest.

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