Frankfort, IN demographics:
population, income, and more

Total population
15,917
2.5% year-over-year change
Median household income
$57,412/yr
7.3% year-over-year change
Housing units
6,601
1.3% year-over-year change

Frankfort population

How many people live in Frankfort

Frankfort is home to 15,917 residents, according to the most recent Census data. Gender-wise, 48.3% of Frankfort locals are male, and 51.7% are female.

Total population
15,917
2.5% year-over-year change
Gender ratio
Male
48.3%
7,691
Female
51.7%
8,226
Value Percent YoY change
Male 7,691 48.3% 1.9%
Female 8,226 51.7% 2.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Frankfort is 33, with the population distributed as follows: about 22.8% are children under 15, then 15.9% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.1% of the population, while another 22.2% fall into the 45 to 64 bracket. Finally, around 13% are 65 or older.

Median age
33.2
Age breakdown
Under 15
22.8%
15 to 24
15.9%
25 to 44
26.1%
45 to 64
22.2%
Over 65
13%
Value Percent YoY change
Under 15 3,622 22.8% 8.8%
15 to 24 2,527 15.9% 5.9%
25 to 44 4,160 26.1% 4.7%
45 to 64 3,536 22.2% -1.1%
Over 65 2,072 13% -8.8%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Frankfort, 81.8% of the population are US-born citizens, while 4.7% have gained naturalized citizenship. At the same time, 13.5% of residents are non-citizens. As for race, 69.3% of locals are Caucasian, 1% are African American and 0.5% have Asian roots. There’s also a share of 20.3% that includes residents with two or more races.

Citizenship
U.S.-born citizens
81.8%
Non-U.S.-born citizens
4.7%
Non-citizens
13.5%
Value Percent YoY change
U.S.-born citizens 13,016 81.8% 0.6%
Non-U.S.-born citizens 750 4.7% 8.1%
Non-citizens 2,151 13.5% 13.2%
Racial breakdown
White
69.3%
Black or African American
1%
American Indian and Alaska Native
0.2%
Asian
0.5%
Native Hawaiian and other Pacific Islander
0%
Two or more races
20.3%
Other
8.8%
Value Percent
White 11,026 69.3%
Black or African American 151 1%
American Indian and Alaska Native 30 0.2%
Asian 79 0.5%
Two or more races 3,224 20.3%
Other 1,407 8.8%

Households in Frankfort

A peek inside Frankfort households

Frankfort has 6,002 households, with an average of 3 members in each. Of these, 59.7% are families, while the remaining 40.3% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
6,002
2.4% year-over-year change
Average people per household
3
Non-family households
2,421
Family households
3,581
Value Percent YoY change
Non-family households 2,421 40.3% -2.9%
Family households 3,581 59.7% 6.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Frankfort

The housing landscape of Frankfort

Frankfort's housing consists of 6,601 units, with 75.5% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 1.1% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 1.9% of the housing landscape.

Housing units
6,601
1.3% year-over-year change
Housing types
Value Percent
1 unit, detached 4,982 75.5%
1 unit, attached 75 1.1%
2 units 440 6.7%
3 or 4 units 158 2.4%
5 to 9 units 281 4.3%
10 to 19 units 116 1.8%
20 to 49 units 127 1.9%
50 or more units 269 4.1%
Mobile home 125 1.9%
Boat, RV, van, etc. 28 0.4%
Homes built since 2020
159
2,550.0% year-over-year change

The age of buildings in Frankfort

In Frankfort, the median construction year is 1952. About 39.8% of homes were built before the 1940s, with another 7.9% going up by 1949. Most development happened in the second half of the 20th century. Then, 2.1% of homes were added from 2000 to 2009, 2.3% between 2010 and 2019, and 2.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 2,629 39.8% 5.9%
Built between 1940 and 1949 520 7.9% 4.2%
Built between 1950 and 1959 845 12.8% -9.8%
Built between 1960 and 1969 822 12.4% -6.8%
Built between 1970 and 1979 362 5.5% -28.6%
Built between 1980 and 1989 536 8.1% 44.1%
Built between 1990 and 1999 436 6.6% -9.4%
Built between 2000 and 2009 139 2.1% 1.5%
Built between 2010 and 2019 153 2.3% -28.8%
Built in 2020 or later 159 2.4% 2,550.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Frankfort occupancy rates

Out of the 6,002 occupied housing units in Frankfort, 60.2% are owner-occupied, while 39.8% are lived in by tenants. Meanwhile, 9.1% of all homes on the local market sit vacant.

Occupied housing units
6,002
2.4% year-over-year change
Occupancy breakdown
Renter occupied
2,387
Owner occupied
3,615
Value Percent YoY
change
Renter occupied 2,387 39.8% -1.4%
Owner occupied 3,615 60.2% 5.0%
Unoccupied housing units
9.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Frankfort housing costs

Housing costs in Frankfort come to a median of $824 per month, while tenants specifically pay a median gross rent of $898.

Median housing costs per month
$824/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Frankfort
$898/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Frankfort

Frankfort education at a glance

About 54.4% of the population in Frankfort went to high school, while 17.9% pursued college studies. Another 7.6% earned an associate degree and 7.8% hold a bachelor’s. Meanwhile, 3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1,057 9.2% -0.8%
High school diploma 6,242 54.4% -1.8%
College diploma 2,057 17.9% 9.4%
Associate degree 869 7.6% -1.6%
Bachelor's degree 894 7.8% 3.5%
Graduate degree 345 3% -13.1%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Frankfort

How much people earn in Frankfort

The average annual household income in Frankfort was $69,201 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.7% change from the previous year. At the same time, the median income stood at $57,412, reflecting a +7.3% shift over the same period.

Average household income in Frankfort
$69,201/year
1.7% year-over-year change
Median household income in Frankfort
$57,412/year
7.3% year-over-year change

Frankfort income by age

In Frankfort, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $59,926. Those with someone between 45 and 64 in charge, often well established professionally, earn $70,500 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $51,903, while those led by someone over 65, many of whom may be retired, have about $39,833 in earnings. Overall, 87.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $51,903 -1.5%
25 - 44 $59,926 5.3%
45 - 64 $70,500 5.8%
Over 65 $39,833 1.4%
Above poverty level
13,270
Below poverty level
1,941
Value Percent YoY
change
Above poverty level 13,270 87.2% 0.2%
Below poverty level 1,941 12.8% 21.5%

Average renter income in Frankfort

To get a better sense of what renters earn on average in Frankfort, their median household income was $34,971 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 30.8%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$34,971
Rent-to-income ratio
30.8%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Frankfort

Workforce and job types in Frankfort

The job market in Frankfort is powered by 7,758 working residents, spread across a range of industries and roles. 48.4% of the working population are employed in professional or administrative positions, while 51.6% are in hands-on or service-based jobs. Also, 5.4% run their own businesses, 82.9% are employed by private companies, and 8.1% work in the public sector.

Workforce demographics

Working population
7,758
3.6% year-over-year change
White collar
3,759
Blue collar
3,999
Value Percent YoY change
White collar 3,759 48.4% -3.2%
Blue collar 3,999 51.6% 11.0%
Employer type
Self employees
5.4%
Private companies
82.9%
Governmental workers
8.1%
Not for profit companies
3.7%
Value Percent YoY change
Self employees 419 5.4% -12.9%
Private companies 6,428 82.9% 5.3%
Governmental workers 627 8.1% 0.0%
Not for profit companies 284 3.7% 2.5%
Unemployment rate
3.0%
-22.8% year-over-year change

Available workforce

The unemployment rate in Frankfort stands at 3%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Frankfort

How people get around in Frankfort

Commuting methods vary: 94.7% of residents travel by personal vehicle and 0.7% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 7,289 94.7% 2.9%
Taxicab 15 0.2% -50.0%
Bus or trolleybus 6 0.1% -33.3%
Bicycle 15 0.2% -6.2%
Walk 51 0.7% 13.3%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Frankfort by zipcode?

Zipcode Population Number of households Median income Average income
46041 23,134 9,013 $63,157 $78,320

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FAQs about Frankfort demographics 

What is the total population of Frankfort?

Frankfort has a total population of 15,917 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.5% compared to a year ago.

What is the gender ratio in Frankfort?

The gender ratio in Frankfort is as follows:
  • 48.3% males (7,691 residents)
  • 51.7% females (8,226 residents)

What is the median age in Frankfort?

The median age in Frankfort is 33.2.

What is the age distribution of the population in Frankfort?

The age distribution in Frankfort is as follows:
  • Under 15: 22.8% (3,622 residents)
  • Ages 15-24: 15.9% (2,527 residents)
  • Ages 25-44: 26.1% (4,160 residents)
  • Ages 45-64: 22.2% (3,536 residents)
  • Over 65: 13% (2,072 residents)

What is the racial and ethnic makeup of Frankfort?

The racial and ethnic makeup of Frankfort is as follows:
  • White: 69.3% (11,026 residents)
  • Black or African American: 1% (151 residents)
  • American Indian and Alaska Native: 0.2% (30 residents)
  • Asian: 0.5% (79 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 20.3% (3,224 residents)
  • Other: 8.8% (1,407 residents)

What percentage of the population in Frankfort are U.S.-born citizens?

U.S.-born citizens represent 81.8% of the population in Frankfort.

How many housing units are there in Frankfort?

There are 6,601 housing units in Frankfort, reflecting a +1.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Frankfort and what is the average household size?

Frankfort has a total of 6,002 households, with an average of 3 people in each.

What is the median household income in Frankfort?

Frankfort has a median household income of $57,412, representing a +7.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Frankfort?

The employment rate is 97% in Frankfort, with a workforce of 7,758 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 48.4% (3,759 residents)
  • Blue-collar workers: 51.6% (3,999 residents)

Places of employment:
  • Self-employed: 5.4% (419 residents)
  • Private companies: 82.9% (6,428 residents)
  • Governmental workers: 8.1% (627 residents)
  • Not-for-profit companies: 3.7% (284 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025