Frankfort, IN
Population 15,536 · Indiana
About Frankfort, IN
Frankfort is a mid-sized city in Indiana with a population of 15,536 residents. The median household income is $53,522 per year, which is near the national average. The median age in Frankfort is 35.1 years.
Housing in Frankfort has a median home value of $122,800 and median monthly rent of $888. Of the 6,519 total housing units, the majority are owner-occupied, with 3,442 owner-occupied and 2,420 renter-occupied units.
The unemployment rate in Frankfort is 4.0% and the poverty rate is 11.0%. 11.9% of residents hold a bachelor's degree or higher. The average commute time is 18.1 minutes.
Cost of Living in Frankfort, IN
Compared to national averages, Frankfort has a median household income of $53,522 (29% below the national median of $75,149). Home values average $122,800, which is 50% below the national median. Monthly rent at $888 is 24% below the US average of $1,163. Within Indiana, Frankfort's income is 23% below the state average of $69,330, and home values are 25% below the state median of $163,409.
Why Live in Frankfort, IN?
Frankfort offers affordable housing with a median home value of $122,800, below the US average of $244,900, and rent that’s lower than the national average at $888/month, and a low poverty rate of 11.0%, better than the national average. Additionally, the city features short commute times averaging just 18.1 minutes.
Potential considerations include median household income ($53,522) that falls below the national average. However, Frankfort’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Frankfort has a population of 15,536 with a median age of 35.1 years. Compare Frankfort with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Frankfort
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Haven | 15,339 | $67,121 | $151,200 | Compare |
| Beech Grove | 15,082 | $49,452 | $169,500 | Compare |
| Griffith | 16,228 | $76,009 | $200,400 | Compare |
| Cedar Lake | 14,686 | $79,177 | $259,900 | Compare |
| Dyer | 16,400 | $101,183 | $288,700 | Compare |
| Crawfordsville | 16,408 | $49,327 | $134,100 | Compare |
| Jasper | 16,421 | $65,283 | $203,300 | Compare |
| Warsaw | 16,592 | $57,170 | $175,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Frankfort With Other Cities
Frequently Asked Questions about Frankfort
What is the population of Frankfort, IN?
The population of Frankfort, IN is 15,536 according to the latest Census data.
What is the median household income in Frankfort?
The median household income in Frankfort, IN is $53,522 per year.
What is the median home value in Frankfort?
The median home value in Frankfort, IN is $122,800.
What is the average rent in Frankfort?
The median monthly rent in Frankfort, IN is $888.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort, IN is 4.0%.