Indiana · Census place 25324
Frankfort city, IN
Quick answer
Frankfort city has 15,536 residents, ranking #60 of 976 places in Indiana. Median household income is $53,522, the median home is worth $122,800 and median gross rent runs $888 a month.
- Population
- 15,536Frankfort city residents
- Median household income
- $53,522Past 12 months, inflation adjusted
- Median home value
- $122,800Owner-occupied units
- Median gross rent
- $888Rent plus utilities, monthly
- Median age
- 35.1 yrsAll residents
- Homeownership rate
- 58.7%Owner-occupied households
What the numbers mean in Frankfort city
Housing cost measured against local earnings.
A household earning the Frankfort city median would spend about 19.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11% of residents and 58.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Crawfordsville city 16,408
- Dyer town 16,400
- Griffith town 16,228
- New Haven city 15,339
- Beech Grove city 15,082
- Cedar Lake town 14,686
- Chesterton town 14,326
Keep going
More Indiana coverage.