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CITY · 2020 ACS

Frankfort

Indiana · 16,715 residents · 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 $42,448. Population has held roughly steady since 2000. 11% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $87,900. At a median age of 34.0, residents skew younger than the country as a whole. Households here earn about 27% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 34.0
US median: 38.8
Less educated
11% hold a bachelor's degree
US average: 33%
More affordable
home values down 23%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
16,715
Unchangedsince 2000
from 16,662 in 2000
1990 – 2025
Population density
2,075 / sq mi
Unchangedsince 2000
from 2,069 / sq mi in 2000
US average: 280
Median age
34.0
Unchangedsince 2000
from 34.0 in 2000
US average: 38.8
Population, 1990 – 2024
15K15K16K16K17K1990201020202024Frankfort
202416K
1990201020202024
Section 02

Income & economy

Median household income
$42,448
−15%inflation adjusted, since 2000
from $33,275 in 2000
US average: $66,278
1990 – 2024
Per capita income
$21,325
+39%since 2000
from $15,393 in 2000
US average: $35,364
Households earning $100K+
22.4%
+4.0 ptssince 2009
from 18.4% in 2009
US average: 43.9%
Poverty rate
17.4%
+5.8 ptssince 2000
from 11.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade26.9%
US avg: 10%
Information9.9%
US avg: 11.1%
Finance & insurance7.7%
US avg: 5.5%
Wholesale trade7.3%
US avg: 6.7%
Professional, scientific, technical7.1%
US avg: 4.7%
Transportation & warehousing3.3%
US avg: 2.5%
Other services3.1%
US avg: 6.6%
Public administration2.6%
US avg: 4.7%
Arts, entertainment, food1.1%
US avg: 2%
Agriculture, forestry, fishing0.9%
US avg: 1.7%
Construction0.9%
US avg: 1.2%
Education & health services0.6%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$87,900
−23%inflation adjusted, since 2000
from $76,000 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$731
Unchangedinflation adjusted, since 2000
from $488 in 2000
US average: $1,124
Owner-occupied
59.1%
−2.7 ptssince 2000
from 61.8% in 2000
40.9% rent
Afford Score
2.1
−9%since 2000
from 2.3 in 2000
1990 – 2024
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)
2020
White, non-Hispanic63.2%(10,559)
Black0.9%(145)
Hispanic / Latino33%(5,515)
Asian0.3%(49)
Other1.2%(194)
Diversity Score59.5%(9,948)
Diversity Score
60
+95%since 2000
from 31 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
10.7%
+2.9 ptssince 2000
from 7.8% in 2000
US average: 32.9%
High school or higher
78.0%
+4.2 ptssince 2000
from 73.8% in 2000
US average: 88.5%
Graduate degree
4.0%
+1.5 ptssince 2000
from 2.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
20.3 min
+59%since 2000
from 12.7 min in 2000
US average: 26.9
Drive alone to work
79.2%
+0.4 ptssince 2009
from 78.8% in 2009
US average: 75.1%
No vehicle available
8.6%
−0.9 ptssince 2009
from 9.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.8%
−6.6 ptssince 2011
from 11.5% in 2011
US average: 5.4%
Labor force participation
62.1%
−2.1 ptssince 2011
from 64.1% in 2011
US average: 63.4%
Management & professional
16.8%
−36.2 ptssince 2009
from 53.0% in 2009
US average: 39.3%
Section 08

People & community

Male
49.1%
+1.3 ptssince 2009
from 47.8% in 2009
Female
50.9%
−1.3 ptssince 2009
from 52.2% in 2009
Foreign born
12.7%
−2.0 ptssince 2009
from 14.8% in 2009
US average: 13.5%
Uninsured
11.3%
−68.1 ptssince 2013
from 79.4% in 2013
US average: 8.8%
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Compare Frankfort to nearby cities

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FRANKFORT VS
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FRANKFORT VS
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FRANKFORT VS
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Home value$373,500+325%
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Frequently asked

How many people live in Frankfort, Indiana?

Frankfort, Indiana has about 16,715 residents according to the 2020 American Community Survey.

What is the median household income in Frankfort, Indiana?

The typical household in Frankfort, Indiana earns about $42,448 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 $87,900, and the typical rent is about $731 a month.

How educated are people in Frankfort, Indiana?

About 10.7% 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 17.4% 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 1,961 residents, a change of about 13 percent over that period.

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

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