Frankfort, SD
Population 142 · South Dakota
About Frankfort, SD
Frankfort is a small community located in South Dakota with a population of 142 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,875 per year, which is 18% below the national median of $75,149. The median age of 57.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Frankfort features a median home value of $54,600, which is 78% below the national median of $244,900. This makes Frankfort one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 84 total housing units, 98% are owner-occupied (61 units) and 2% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Frankfort shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Frankfort have an average one-way commute time of 25.8 minutes.
Education & Demographics
18.0% of Frankfort residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
How Frankfort Ranks in South Dakota
Cost of Living in Frankfort, SD
Compared to national averages, Frankfort has a median household income of $61,875 (18% below the national median of $75,149). Home values average $54,600, which is 78% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within South Dakota, Frankfort's income is 4% below the state average of $64,650, and home values are 62% below the state median of $143,757.
Why Live in Frankfort, SD?
Frankfort offers affordable housing with a median home value of $54,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 8.5%, better than the national average.
Potential considerations include median household income ($61,875) 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 142 with a median age of 57.1 years. Compare Frankfort with other cities to see how it stacks up, or explore all cities in South Dakota.
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Cities in South Dakota with a similar population size.
Demographics
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Economy & Education
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Other Cities in South Dakota
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, SD?
The population of Frankfort, SD is 142 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Frankfort?
The median household income in Frankfort, SD is $61,875 per year, which is 18% below the national median of $75,149.
What is the median home value in Frankfort?
The median home value in Frankfort, SD is $54,600, which is 78% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Frankfort?
The median monthly rent in Frankfort, SD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort, SD is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Frankfort, SD a good place to live?
Frankfort offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 142 and a median age of 57.1, the city appeals to established professionals and retirees.
How educated is Frankfort, SD?
18.0% of residents in Frankfort aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Frankfort?
Key cost-of-living indicators for Frankfort, SD: median home value is $54,600 (78% below national), median rent is $0/month, and median household income is $61,875. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Frankfort?
The poverty rate in Frankfort, SD is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Frankfort, SD?
Frankfort's population is 0.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.