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The total population of Frankfort is estimated to be 15,976 with 7,978 males (49.94%) and 7,998 females (50.06%). There are 20 more females than males in Frankfort.
The median household income in Frankfort was $49,977 in 2021, which marked an an increase of 1,877(3.90%) from $48,100 in 2020. This income is 66.99% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Frankfort sees its highest median household income among householders in the age group of under 25 years old, at $57,423. Overall, the median household income for the city of Frankfort stands at $49,977.
In Frankfort, the median income for all workers aged 15 years and older, regardless of work hours, was $34,770 for males and $25,212 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,263 for males and $39,221 for females.
In Frankfort, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $70,467, followed by White households at $50,582, and Some Other Race households with a median household income of $40,733.
In 2022, the population of Frankfort was 16,474, a 0.69% decrease year-by-year from 2021. Previously, in 2021, Frankfort's population was 16,588, a decline of 0.65% compared to a population of 16,697 in 2020.
The median age in Frankfort, IN is 34.9, as per 2021 ACS 5-Year Estimates. Of the total population, 21.98% were under the age of 15, 22.51% aged 15 to 29, 41.61% aged 30 to 64, 11.91% aged 65 to 84, and 1.98% were 85 years of age and older.
Racial distribution of Frankfort population: 81.59% are White, 0.38% are Black or African American, 0.04% are American Indian and Alaska Native, 0.59% are Asian, 10.52% are some other race and 6.88% are multiracial.