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The total population of Frankfort is estimated to be 28,460 with 13,729 males (48.24%) and 14,731 females (51.76%). There are 1,002 more females than males in Frankfort.
The median household income in Frankfort was $55,917 in 2021, which marked an a decrease of 1,422(2.48%) from $57,339 in 2020. This income is 74.95% 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 45 to 64 years old, at $61,128. Overall, the median household income for the city of Frankfort stands at $55,917.
In Frankfort, the median income for all workers aged 15 years and older, regardless of work hours, was $34,955 for males and $32,333 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,342 for males and $44,344 for females.
In Frankfort, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $85,122, while Two or More Races households represent the opposite end with the lowest median household income of $39,485.
In 2022, the population of Frankfort was 28,391, a 0.55% decrease year-by-year from 2021. Previously, in 2021, Frankfort's population was 28,547, a decline of 0.22% compared to a population of 28,610 in 2020.
The median age in Frankfort, KY is 34.9, as per 2021 ACS 5-Year Estimates. Of the total population, 19.59% were under the age of 15, 22.56% aged 15 to 29, 43.21% aged 30 to 64, 13.18% aged 65 to 84, and 1.46% were 85 years of age and older.
Racial distribution of Frankfort population: 73.30% are White, 13.80% are Black or African American, 0.17% are American Indian and Alaska Native, 2.70% are Asian, 3.65% are some other race and 6.38% are multiracial.