Living in Frankfort, New York
Cost of living, income, home prices, rent and demographics of Frankfort · Census data 2020–2024
Frankfort has 2,503 residents with a median age of 36.7. The median household income is $50,909 (41% lower than the New York median), the median home value is $128,200, the median rent is $874/month.
Frankfort at a glance
- Population
- 2,503
- Median age
- 36.7State: 39.8
- Median household income
- $50,909State: $85,974
- Median home value
- $128,200State: $423,800
- Median rent
- $874/moState: $1,621
- Homeowners
- 75.7%
- Bachelor's degree or higher
- 13%
- Average commute
- 27 min
Is Frankfort a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 27 minutes; unemployment of 1.4%; a poverty rate of 11.2%.
Cons: Median household income 41% lower than the New York median.
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 $128,200, 61% lower than the U.S. median. Renters pay a median of $874 per month, which is 26.4% of household income. Homeowners with a mortgage pay $1,289 a month in housing costs.
Frankfort median household income
The median household income in Frankfort is $50,909 and the income per person is $28,407. 11.2% of residents live below the poverty line (New York: 14%).
Housing in Frankfort: homes for sale and rent
- Housing units
- 1,208
- Owner-occupied
- 75.7%
- Renter-occupied
- 24.3%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.34
Frankfort demographics
- Population
- 2,503
- Median age
- 36.7
- Under 18
- 24.4%
- 65 and older
- 20.2%
- Households
- 1,070
- Foreign-born
- 3%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Frankfort ›
Education in Frankfort
13% of adults 25 and older in Frankfort have a bachelor's degree or higher (New York: 40.2%), and 6.2% have a graduate or professional degree.
Jobs and commute in Frankfort
- Unemployment rate
- 1.4%State: 6.4%
- Average commute
- 27 minState: 33 min
- Work from home
- 13.7%
- Drive alone
- 70.6%
- Public transit
- 0.6%
- Walk to work
- 4.8%
- Homes with broadband
- 88.8%
Frankfort vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Frankfort | 2,503 | $50,909 | $128,200 | $874 |
| East Frankfort | 571 | $57,833 | $109,500 | $963 |
| Ilion | 7,593 | $62,843 | $108,700 | $694 |
| South Ilion | 195 | $103,333 | $78,700 | — |
| Mohawk | 2,520 | $72,813 | $124,600 | $705 |
| Herkimer | 7,566 | $48,529 | $133,200 | $821 |
| East Herkimer | 659 | $86,154 | $128,000 | $825 |
| Middleville | 652 | $84,125 | $163,100 | $1,125 |
| Utica | 64,217 | $52,484 | $151,300 | $951 |
More for people moving to Frankfort
Frankfort ZIP code ›Weather and climate ›Living in Frankfort: FAQ
What is the median household income in Frankfort, NY?
The median household income in Frankfort is $50,909, 41% lower than the New York median of $85,974 (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 $128,200, compared with $423,800 in New York.
How much is rent in Frankfort?
The median gross rent in Frankfort is $874 per month, about 26.4% of household income.
Is Frankfort, NY a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 27 minutes; unemployment of 1.4%; a poverty rate of 11.2%. Minuses: median household income 41% lower than the New York median.
What is the median age in Frankfort?
The median age in Frankfort is 36.7 years (New York: 39.8).
How long is the commute in Frankfort?
The average commute to work in Frankfort is 27 minutes; 13.7% of workers work from home.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort is 1.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Frankfort?
13% 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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