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The total population of Frankfort is estimated to be 1,104 with 530 males (48.01%) and 574 females (51.99%). There are 44 more females than males in Frankfort.
The median household income in Frankfort was $50,764 in 2021, which marked an an increase of 785(1.57%) from $49,979 in 2020. This income is 68.04% 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 65 years and over old, at $51,512. Overall, the median household income for the city of Frankfort stands at $50,764.
In Frankfort, the median income for all workers aged 15 years and older, regardless of work hours, was $38,507 for males and $21,183 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,440 for males and $36,549 for females.
In Frankfort, population is primarily represented by White households, reporting a median income of $50,282.
In 2022, the population of Frankfort was 1,272, a 0.24% increase year-by-year from 2021. Previously, in 2021, Frankfort's population was 1,269, an increase of 1.20% compared to a population of 1,254 in 2020.
The median age in Frankfort, MI is 60.7, as per 2021 ACS 5-Year Estimates. Of the total population, 7.74% were under the age of 15, 8.99% aged 15 to 29, 42.07% aged 30 to 64, 30.85% aged 65 to 84, and 10.35% were 85 years of age and older.
Racial distribution of Frankfort population: 92.65% are White, 2.03% are Black or African American, 0.10% are American Indian and Alaska Native and 5.22% are multiracial.