Living in Frankton, Indiana
Cost of living, income, home prices, rent and demographics of Frankton · Census data 2020–2024
Frankton has 1,658 residents with a median age of 40.6. The median household income is $68,611 (5% lower than the Indiana median), the median home value is $140,400, the median rent is $1,186/month.
Frankton at a glance
- Population
- 1,658
- Median age
- 40.6State: 38.1
- Median household income
- $68,611State: $71,957
- Median home value
- $140,400State: $218,200
- Median rent
- $1,186/moState: $1,062
- Homeowners
- 83.5%
- Bachelor's degree or higher
- 13.7%
- Average commute
- 32 min
Is Frankton a good place to live?
Pros: Home values 36% lower than the state median; unemployment of 3.3%; a poverty rate of 9.2%.
Cons: Median household income 5% lower than the Indiana median; an average commute of 32 minutes.
The weather is best in May–June and August–September.
Cost of living in Frankton
Housing is the biggest part of the cost of living. In Frankton the median home value is $140,400, 58% lower than the U.S. median. Renters pay a median of $1,186 per month, which is 14.4% of household income. Homeowners with a mortgage pay $1,043 a month in housing costs.
Frankton median household income
The median household income in Frankton is $68,611 and the income per person is $34,273. 9.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Frankton: homes for sale and rent
- Housing units
- 732
- Owner-occupied
- 83.5%
- Renter-occupied
- 16.5%
- Vacant
- 9.8%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.51
Frankton demographics
- Population
- 1,658
- Median age
- 40.6
- Under 18
- 20.4%
- 65 and older
- 14.1%
- Households
- 660
- Foreign-born
- 2.8%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Frankton ›
Education in Frankton
13.7% of adults 25 and older in Frankton have a bachelor's degree or higher (Indiana: 29.5%), and 5.2% have a graduate or professional degree.
Jobs and commute in Frankton
- Unemployment rate
- 3.3%State: 4.3%
- Average commute
- 32 minState: 24 min
- Work from home
- 4.4%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 85.3%
Frankton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Frankton | 1,658 | $68,611 | $140,400 | $1,186 |
| Orestes | 243 | $43,125 | $90,900 | $748 |
| Elwood | 8,356 | $53,280 | $97,800 | $860 |
| Alexandria | 5,155 | $64,317 | $97,800 | $801 |
| Country Club Heights | 189 | $110,000 | $246,900 | — |
| Edgewood | 2,121 | $87,770 | $200,100 | $1,050 |
| Anderson | 55,367 | $46,909 | $119,000 | $925 |
| Summitville | 1,104 | $52,946 | $101,600 | $760 |
| Fishersburg | 190 | $46,429 | $154,200 | — |
More for people moving to Frankton
Frankton ZIP code ›Weather and climate ›Living in Frankton: FAQ
What is the median household income in Frankton, IN?
The median household income in Frankton is $68,611, 5% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Frankton?
The median home value in Frankton is $140,400, compared with $218,200 in Indiana.
How much is rent in Frankton?
The median gross rent in Frankton is $1,186 per month, about 14.4% of household income.
Is Frankton, IN a good place to live?
Pluses: home values 36% lower than the state median; unemployment of 3.3%; a poverty rate of 9.2%. Minuses: median household income 5% lower than the Indiana median; an average commute of 32 minutes.
What is the median age in Frankton?
The median age in Frankton is 40.6 years (Indiana: 38.1).
How long is the commute in Frankton?
The average commute to work in Frankton is 32 minutes; 4.4% of workers work from home.
What is the unemployment rate in Frankton?
The unemployment rate in Frankton is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Frankton?
13.7% of adults in Frankton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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