Frankfort, KY demographics:
population, income, and more

Total population
28,503
0.2% year-over-year change
Median household income
$53,073/yr
-2.5% year-over-year change
Housing units
13,877
1.2% year-over-year change

Frankfort population

How many people live in Frankfort

Frankfort is home to 28,503 residents, according to the most recent Census data. Gender-wise, 49.3% of Frankfort locals are male, and 50.7% are female.

Total population
28,503
0.2% year-over-year change
Gender ratio
Male
49.3%
14,040
Female
50.7%
14,463
Value Percent YoY change
Male 14,040 49.3% 1.8%
Female 14,463 50.7% -1.4%
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 35, with the population distributed as follows: about 18.8% are children under 15, then 14% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.2% of the population, while another 23% fall into the 45 to 64 bracket. Finally, around 16% are 65 or older.

Median age
35.3
Age breakdown
Under 15
18.8%
15 to 24
14%
25 to 44
28.2%
45 to 64
23%
Over 65
16%
Value Percent YoY change
Under 15 5,347 18.8% -5.8%
15 to 24 3,977 14% 1.2%
25 to 44 8,048 28.2% -0.8%
45 to 64 6,570 23% 1.6%
Over 65 4,561 16% 6.9%
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, 93.2% of the population are US-born citizens, while 2.7% have gained naturalized citizenship. At the same time, 4.1% of residents are non-citizens. As for race, 72.9% of locals are Caucasian, 14.2% are African American and 2.3% have Asian roots. Another 0.1% are Indigenous American, 0.4% are Pacific Islanders, while 2.3% identify as another race. There’s also a share of 7.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
93.2%
Non-U.S.-born citizens
2.7%
Non-citizens
4.1%
Value Percent YoY change
U.S.-born citizens 26,573 93.2% 0.9%
Non-U.S.-born citizens 771 2.7% 18.2%
Non-citizens 1,159 4.1% -20.4%
Racial breakdown
White
72.9%
Black or African American
14.2%
American Indian and Alaska Native
0.1%
Asian
2.3%
Native Hawaiian and other Pacific Islander
0.4%
Two or more races
7.8%
Other
2.3%
Value Percent
White 20,788 72.9%
Black or African American 4,060 14.2%
American Indian and Alaska Native 27 0.1%
Asian 664 2.3%
Native Hawaiian and other Pacific Islander 100 0.4%
Two or more races 2,213 7.8%
Other 651 2.3%

Households in Frankfort

A peek inside Frankfort households

Frankfort has 12,906 households, with an average of 2 members in each. Of these, 50.5% are families, while the remaining 49.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
12,906
1.1% year-over-year change
Average people per household
2
Non-family households
6,386
Family households
6,520
Value Percent YoY change
Non-family households 6,386 49.5% 4.7%
Family households 6,520 50.5% -2.1%
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 13,877 units, with 53.9% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.3% 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 1.6% of the housing landscape.

Housing units
13,877
1.2% year-over-year change
Housing types
Value Percent
1 unit, detached 7,481 53.9%
1 unit, attached 592 4.3%
2 units 836 6%
3 or 4 units 1,485 10.7%
5 to 9 units 1,548 11.2%
10 to 19 units 918 6.6%
20 to 49 units 600 4.3%
50 or more units 192 1.4%
Mobile home 225 1.6%
Homes built since 2020
57
159.1% year-over-year change

The age of buildings in Frankfort

In Frankfort, the median construction year is 1972. About 11.3% of homes were built before the 1940s, with another 5.9% going up by 1949. Most development happened in the second half of the 20th century. Then, 7.2% of homes were added from 2000 to 2009, 2.9% between 2010 and 2019, and 0.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,568 11.3% 9.7%
Built between 1940 and 1949 821 5.9% 15.2%
Built between 1950 and 1959 1,899 13.7% -7.0%
Built between 1960 and 1969 2,153 15.5% -6.5%
Built between 1970 and 1979 2,812 20.3% 12.4%
Built between 1980 and 1989 1,383 10% -1.1%
Built between 1990 and 1999 1,779 12.8% -8.4%
Built between 2000 and 2009 1,004 7.2% -7.5%
Built between 2010 and 2019 401 2.9% 45.3%
Built in 2020 or later 57 0.4% 159.1%
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 12,906 occupied housing units in Frankfort, 48.8% are owner-occupied, while 51.2% are lived in by tenants. Meanwhile, 7% of all homes on the local market sit vacant.

Occupied housing units
12,906
1.1% year-over-year change
Occupancy breakdown
Renter occupied
6,604
Owner occupied
6,302
Value Percent YoY
change
Renter occupied 6,604 51.2% -0.4%
Owner occupied 6,302 48.8% 2.8%
Unoccupied housing units
7.0%
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 $940 per month, while tenants specifically pay a median gross rent of $944.

Median housing costs per month
$940/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
$944/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 38.4% of the population in Frankfort went to high school, while 24.5% pursued college studies. Another 8.4% earned an associate degree and 15.1% hold a bachelor’s. Meanwhile, 10.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 697 3.2% 26.5%
High school diploma 8,465 38.4% 0.3%
College diploma 5,410 24.5% 1.2%
Associate degree 1,842 8.4% -1.6%
Bachelor's degree 3,332 15.1% 6.0%
Graduate degree 2,315 10.5% -2.4%
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 $73,834 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -5.7% change from the previous year. At the same time, the median income stood at $53,073, reflecting a -2.5% shift over the same period.

Average household income in Frankfort
$73,834/year
-5.7% year-over-year change
Median household income in Frankfort
$53,073/year
-2.5% 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 $61,102. Those with someone between 45 and 64 in charge, often well established professionally, earn $58,806 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $40,571, while those led by someone over 65, many of whom may be retired, have about $46,943 in earnings. Overall, 81.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $40,571 38.3%
25 - 44 $61,102 2.6%
45 - 64 $58,806 -0.5%
Over 65 $46,943 -12.1%
Above poverty level
21,765
Below poverty level
5,053
Value Percent YoY
change
Above poverty level 21,765 81.2% -0.4%
Below poverty level 5,053 18.8% 0.6%

Average renter income in Frankfort

To get a better sense of what renters earn on average in Frankfort, their median household income was $39,375 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 28.8%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$39,375
Rent-to-income ratio
28.8%
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 13,226 working residents, spread across a range of industries and roles. 79% of the working population are employed in professional or administrative positions, while 21% are in hands-on or service-based jobs. Also, 7.4% run their own businesses, 55.6% are employed by private companies, and 32.4% work in the public sector.

Workforce demographics

Working population
13,226
-0.1% year-over-year change
White collar
10,453
Blue collar
2,773
Value Percent YoY change
White collar 10,453 79% 2.6%
Blue collar 2,773 21% -9.3%
Employer type
Self employees
7.4%
Private companies
55.6%
Governmental workers
32.4%
Not for profit companies
4.6%
Value Percent YoY change
Self employees 978 7.4% 18.3%
Private companies 7,351 55.6% -2.8%
Governmental workers 4,292 32.4% -0.5%
Not for profit companies 605 4.6% 11.8%
Unemployment rate
7.8%
9.3% year-over-year change

Available workforce

The unemployment rate in Frankfort stands at 7.8%, 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

In Frankfort, the average commute time is 17 minutes. Commuting methods vary: 85.2% of residents travel by personal vehicle and 2.2% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
17 min
-3.4% year-over-year change
Means of transportation
Value Percent YoY change
Car 11,027 85.2% -0.3%
Bus or trolleybus 170 1.3% -35.6%
Bicycle 4 0% 300.0%
Walk 285 2.2% -24.4%
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
40601 51,893 22,836 $65,732 $88,698

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FAQs about Frankfort demographics 

What is the total population of Frankfort?

Frankfort has a total population of 28,503 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 +0.2% compared to a year ago.

What is the gender ratio in Frankfort?

The gender ratio in Frankfort is as follows:
  • 49.3% males (14,040 residents)
  • 50.7% females (14,463 residents)

What is the median age in Frankfort?

The median age in Frankfort is 35.3.

What is the age distribution of the population in Frankfort?

The age distribution in Frankfort is as follows:
  • Under 15: 18.8% (5,347 residents)
  • Ages 15-24: 14% (3,977 residents)
  • Ages 25-44: 28.2% (8,048 residents)
  • Ages 45-64: 23% (6,570 residents)
  • Over 65: 16% (4,561 residents)

What is the racial and ethnic makeup of Frankfort?

The racial and ethnic makeup of Frankfort is as follows:
  • White: 72.9% (20,788 residents)
  • Black or African American: 14.2% (4,060 residents)
  • American Indian and Alaska Native: 0.1% (27 residents)
  • Asian: 2.3% (664 residents)
  • Native Hawaiian and Other Pacific Islander: 0.4% (100 residents)
  • Two or More Races: 7.8% (2,213 residents)
  • Other: 2.3% (651 residents)

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

U.S.-born citizens represent 93.2% of the population in Frankfort.

How many housing units are there in Frankfort?

There are 13,877 housing units in Frankfort, reflecting a +1.2% 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 12,906 households, with an average of 2 people in each.

What is the median household income in Frankfort?

Frankfort has a median household income of $53,073, representing a -2.5% 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 92.2% in Frankfort, with a workforce of 13,226 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 79% (10,453 residents)
  • Blue-collar workers: 21% (2,773 residents)

Places of employment:
  • Self-employed: 7.4% (978 residents)
  • Private companies: 55.6% (7,351 residents)
  • Governmental workers: 32.4% (4,292 residents)
  • Not-for-profit companies: 4.6% (605 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