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CITY

Frankfort

Indiana · 16,837 residents (2025 est.) · 8.055 sq mi
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The short version

Frankfort has notably lower household income than the US average, with a median household income of $57,412. Population has declined 4% since 2000. 11% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $138,600. At a median age of 33.2, residents skew younger than the country as a whole.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 33.2
US median: 38.9
Less educated
11% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
15,917
−4%since 2000
from 16,662 in 2000
1990 – 2025
Population density
1,976 / sq mi
−4%since 2000
from 2,069 / sq mi in 2000
US average: 281
Median age
33.2
−2%since 2000
from 34.0 in 2000
US average: 38.9

PEP 2025 EST:16,837 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
15K15K16K16K17K1990201020202024Frankfort
202416K
1990201020202024
Section 02

Income & economy

Median household income
$57,412
−5%inflation adjusted, since 2000
from $33,275 in 2000
US average: $82,259
1990 – 2024
Per capita income
$26,208
+70%since 2000
from $15,393 in 2000
US average: $44,673
Households earning $100K+
33.5%
+15.1 ptssince 2009
from 18.4% in 2009
US average: 53.3%
Poverty rate
12.9%
+1.2 ptssince 2000
from 11.7% in 2000
US average: 12.5%
Income inequality (Gini)
0.381
−6%since 2010
from 0.405 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade31.5%
US avg: 9.9%
Information9.1%
US avg: 10.8%
Finance & insurance8%
US avg: 5.9%
Professional, scientific, technical7.4%
US avg: 5.1%
Wholesale trade6.2%
US avg: 6.9%
Other services5.1%
US avg: 6.7%
Public administration4.1%
US avg: 4.8%
Transportation & warehousing1.8%
US avg: 2.2%
Agriculture, forestry, fishing1.7%
US avg: 1.6%
Construction1.7%
US avg: 1.2%
Arts, entertainment, food1%
US avg: 1.9%
Education & health services0.6%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$138,600
Unchangedinflation adjusted, since 2000
from $76,000 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$898
+1%inflation adjusted, since 2000
from $488 in 2000
US average: $1,442
Owner-occupied
60.2%
−1.6 ptssince 2000
from 61.8% in 2000
39.8% rent
Vacancy rate
9.1%
−4.3 ptssince 2009
from 13.4% in 2009
US average: 10.0%
Owner cost-burdened
12.3%
−9.7 ptssince 2009
from 22.1% in 2009
US average: 22.9%
Renter cost-burdened
34.9%
−10.6 ptssince 2009
from 45.5% in 2009
US average: 47.4%
Afford Score
2.4
+6%since 2000
from 2.3 in 2000
1990 – 2024
Gentrification Score
42
RELATED:See current rent listings in Frankfort on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic85.2%(14,195)
Black0.3%(48)
Hispanic / Latino13.5%(2,255)
Asian0.2%(38)
Other0%
Diversity Score30.6%(5,092)
2024
White, non-Hispanic62%(9,870)
Black0.8%(134)
Hispanic / Latino34.4%(5,479)
Asian0.4%(71)
Other2.3%(363)
Diversity Score62%(9,876)
Diversity Score
62
+103%since 2000
from 31 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
11.5%
+3.7 ptssince 2000
from 7.8% in 2000
US average: 35.6%
High school or higher
80.2%
+6.4 ptssince 2000
from 73.8% in 2000
US average: 89.6%
Graduate degree
3.5%
+1.0 ptssince 2000
from 2.5% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.6 min
+46%since 2000
from 12.7 min in 2000
US average: 26.5
Drive alone to work
82.3%
+3.5 ptssince 2009
from 78.8% in 2009
US average: 68.9%
Carpooled to work
12.4%
−5.2 ptssince 2009
from 17.6% in 2009
US average: 8.5%
Public transit
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
4.1%
+3.2 ptssince 2009
from 0.8% in 2009
US average: 15.0%
Walked to work
0.7%
−0.9 ptssince 2009
from 1.5% in 2009
US average: 2.4%
Biked to work
0.2%
−0.3 ptssince 2009
from 0.5% in 2009
US average: 0.4%
No vehicle available
5.2%
−4.4 ptssince 2009
from 9.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.0%
−8.5 ptssince 2011
from 11.5% in 2011
US average: 5.2%
Labor force participation
66.7%
+2.6 ptssince 2011
from 64.1% in 2011
US average: 63.5%
Self-employed
8.2%
−1.0 ptssince 2009
from 9.2% in 2009
US average: 13.1%
Management & professional
15.8%
−37.2 ptssince 2009
from 53.0% in 2009
US average: 42.5%
Section 08

People & community

Male
48.3%
+0.5 ptssince 2009
from 47.8% in 2009
Female
51.7%
−0.5 ptssince 2009
from 52.2% in 2009
Foreign born
16.8%
+2.0 ptssince 2009
from 14.8% in 2009
US average: 14.1%
Veterans
5.0%
−43.4 ptssince 2009
from 48.5% in 2009
US average: 6.2%
With a disability
11.3%
−2.0 ptssince 2012
from 13.3% in 2012
US average: 13.3%
Uninsured
9.6%
−69.8 ptssince 2013
from 79.4% in 2013
US average: 8.4%
Broadband at home
89.7%
+20.8 ptssince 2017
from 68.9% in 2017
US average: 91.0%
English only at home
77.6%
+3.7 ptssince 2016
from 73.9% in 2016
US average: 77.7%
Spanish at home
22.0%
−3.5 ptssince 2016
from 25.4% in 2016
US average: 13.6%
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FRANKFORT VS
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FRANKFORT VS
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FRANKFORT VS
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Frequently asked

How many people live in Frankfort, Indiana?

Frankfort, Indiana has about 15,917 residents according to the 2024 American Community Survey.

What is the median household income in Frankfort, Indiana?

The typical household in Frankfort, Indiana earns about $57,412 a year. Half of households make more than that, and half make less.

Is Frankfort, Indiana expensive?

In Frankfort, Indiana, the median home is worth about $138,600, and the typical rent is about $898 a month.

How educated are people in Frankfort, Indiana?

About 11.5% of adults age 25 and over in Frankfort, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Frankfort, Indiana?

About 12.9% of people in Frankfort, Indiana live below the federal poverty line.

Has Frankfort, Indiana grown since 1990?

Yes, Frankfort, Indiana has grown since 1990. The population has added about 1,163 residents, a change of about 8 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →