Frankfort, MI
Population 1,158 · Michigan
About Frankfort, MI
Frankfort is a small community in Michigan with a population of 1,158 residents. The median household income is $51,813 per year, which is near the national average. The median age in Frankfort is 60.5 years.
Housing in Frankfort has a median home value of $305,600 and median monthly rent of $749. Of the 850 total housing units, the majority are owner-occupied, with 310 owner-occupied and 187 renter-occupied units.
The unemployment rate in Frankfort is 4.7% and the poverty rate is 13.0%. 38.9% of residents hold a bachelor's degree or higher. The average commute time is 20.6 minutes.
Cost of Living in Frankfort, MI
Compared to national averages, Frankfort has a median household income of $51,813 (31% below the national median of $75,149). Home values average $305,600, which is 25% above the national median. Monthly rent at $749 is 36% below the US average of $1,163. Within Michigan, Frankfort's income is 22% below the state average of $66,017, and home values are 67% above the state median of $183,391.
Why Live in Frankfort, MI?
Frankfort offers rent that’s lower than the national average at $749/month, and a well-educated community where 38.9% of residents hold a bachelor’s degree or higher, and short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($51,813) 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 1,158 with a median age of 60.5 years. Compare Frankfort with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Frankfort
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Concord | 1,156 | $62,143 | $158,900 | Compare |
| Baldwin | 1,161 | $23,631 | $104,100 | Compare |
| Carson City | 1,161 | $42,750 | $109,200 | Compare |
| Millington | 1,151 | $56,339 | $117,700 | Compare |
| Quinnesec | 1,150 | $61,328 | $117,200 | Compare |
| Athens | 1,149 | $58,438 | $141,800 | Compare |
| Coleman | 1,147 | $41,458 | $88,300 | Compare |
| Grant | 1,146 | $56,875 | $158,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Frankfort
What is the population of Frankfort, MI?
The population of Frankfort, MI is 1,158 according to the latest Census data.
What is the median household income in Frankfort?
The median household income in Frankfort, MI is $51,813 per year.
What is the median home value in Frankfort?
The median home value in Frankfort, MI is $305,600.
What is the average rent in Frankfort?
The median monthly rent in Frankfort, MI is $749.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort, MI is 4.7%.