Frankfort is a small city of 15,976 in Indiana, with a median household income of $49,821
and a 4.4% unemployment rate.
Its cost of living index is 92 (US average = 100), which is
8% below the national average.
Strengths:
Frankfort stands out for an affordable cost of living, below-average home prices, lower-than-average crime, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Frankfort is right for you depends on your priorities — the full breakdown is below.
All Frankfort city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.6
Frankfort's overall cost of living index is 91.6,
where 100 represents the US national average.
Living in Frankfort costs roughly 8% less than the average American city.
Metric
Frankfort, IN
National Avg
Median Home Value
$111,200
$244,900
Median Monthly Rent
$801
$1,163
Homeownership Rate
58.2%
65.9%
Median Household Income
$49,821
$74,755
Crime & Safety
Very Safe
Frankfort's violent crime rate is 110.3 per 100,000 residents
— 71% lower than the national average of ~380 per 100,000.
Violent Crime
110.3 /100k
Property Crime
1060.5 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Frankfort is served primarily by Community Schools of Frankfort.
The student-to-teacher ratio is 16.1:1
(slightly above the national average of ~16:1).
Metric
Frankfort, IN
National Avg
School District
Community Schools of Frankfort
—
Elementary Schools
3
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
16.1:1
16:1
Bachelor's Degree or Higher
12.1%
35.4%
High School Diploma or Higher
80.2%
91.1%
Weather & Climate
Frankfort sees average highs of 33.9°F in January
and 83.5°F in July,
with 43.3 inches of annual precipitation
and 24.1 inches of snow per year.
Frankfort's cost of living index is 92, where 100 is the national average.
That makes Frankfort roughly 8% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $111,200 and median rent is $801/month.
Frankfort's violent crime rate is 110.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1060.5 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Frankfort are operated by Community Schools of Frankfort.
The district has 3 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 16.1:1. 12.1% of adults 25+ hold a bachelor's degree or higher.
Frankfort, IN has a population of 15,976, a median household income of $49,821, and an unemployment rate of 4.4%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Frankfort averages 33.9°F in January and 83.5°F in July. Annual rainfall is 43.3 inches
with about 24.1 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Frankfort, IN is covered by 1 ZIP code: 46041.
The population of Frankfort, Indiana is 15,976 with a median age of 35.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Frankfort: cost of living index 92 (100 = US average), median home $111,200, median household income $49,821, crime index 38 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Frankfort side by side with your current city to see the trade-offs.
