Living in Frankfort, Maine
Cost of living, income, home prices, rent and demographics of Frankfort · Census data 2020–2024
Frankfort has 1,098 residents with a median age of 50.2. The median household income is $80,000 (7% higher than the Maine median), the median home value is $211,300, the median rent is $850/month.
Frankfort is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Frankfort at a glance
- Population
- 1,098
- Median age
- 50.2State: 44.8
- Median household income
- $80,000State: $74,733
- Median home value
- $211,300State: $296,600
- Median rent
- $850/moState: $1,139
- Homeowners
- 91.2%
- Bachelor's degree or higher
- 31%
- Average commute
- 32 min
Is Frankfort a good place to live?
Pros: Median household income 7% higher than the Maine median; home values 29% lower than the state median; unemployment of 1.6%.
Cons: An average commute of 32 minutes; a poverty rate of 16.4%.
The weather is best in June to September.
Cost of living in Frankfort
Housing is the biggest part of the cost of living. In Frankfort the median home value is $211,300, 36% lower than the U.S. median. Renters pay a median of $850 per month, which is 9% of household income. Homeowners with a mortgage pay $1,475 a month in housing costs.
Frankfort median household income
The median household income in Frankfort is $80,000 and the income per person is $32,319. 16.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Frankfort: homes for sale and rent
- Housing units
- 523
- Owner-occupied
- 91.2%
- Renter-occupied
- 8.8%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.24
Frankfort demographics
- Population
- 1,098
- Median age
- 50.2
- Under 18
- 15.8%
- 65 and older
- 21.4%
- Households
- 486
- Foreign-born
- 0.2%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Frankfort ›
Education in Frankfort
31% of adults 25 and older in Frankfort have a bachelor's degree or higher (Maine: 36.2%), and 7.8% have a graduate or professional degree.
Jobs and commute in Frankfort
- Unemployment rate
- 1.6%State: 3.8%
- Average commute
- 32 minState: 25 min
- Work from home
- 10.7%
- Drive alone
- 84.8%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 81.3%
Frankfort vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Frankfort | 1,098 | $80,000 | $211,300 | $850 |
| Prospect | 923 | $81,250 | $196,500 | $1,107 |
| Winterport | 3,850 | $98,333 | $283,000 | — |
| Monroe | 1,001 | $81,300 | $220,300 | $1,165 |
| Swanville | 1,195 | $51,935 | $237,300 | $1,191 |
| Stockton Springs | 1,652 | $74,886 | $259,100 | $1,397 |
| Newburgh | 1,475 | $76,750 | $244,600 | $950 |
| Verona Island | 481 | $61,607 | $243,600 | — |
| Bucksport | 5,016 | $64,720 | $252,300 | $882 |
More for people moving to Frankfort
Frankfort ZIP code ›Weather and climate ›Living in Frankfort: FAQ
What is the median household income in Frankfort, ME?
The median household income in Frankfort is $80,000, 7% higher than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Frankfort?
The median home value in Frankfort is $211,300, compared with $296,600 in Maine.
How much is rent in Frankfort?
The median gross rent in Frankfort is $850 per month, about 9% of household income.
Is Frankfort, ME a good place to live?
Pluses: median household income 7% higher than the Maine median; home values 29% lower than the state median; unemployment of 1.6%. Minuses: an average commute of 32 minutes; a poverty rate of 16.4%.
What is the median age in Frankfort?
The median age in Frankfort is 50.2 years (Maine: 44.8).
How long is the commute in Frankfort?
The average commute to work in Frankfort is 32 minutes; 10.7% of workers work from home.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Frankfort?
31% of adults in Frankfort 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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