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All about

Frankfort, IN

A town in Indiana, Frankfort has a population of just over 16,000. It's a great place to raise a family, as children under 5 account for a higher percentage of the population here (8%) than nationally (6%). At an average age of just over 36, the city's residents are younger than most cities in Indiana. Renters tend to be in the minority in Frankfort, and 64% of residents own their homes. With a relatively low average rent of $669/month in the city, renting remains an affordable option, particularly compared to other cities in Indiana. Each month, renters in Frankfort will save around $158 compared to the state average.

With an average commute time of about 22 minutes, quicker than most cities in Indiana, Frankfort residents have found that traveling to work isn't overly time-consuming. Driving a vehicle is the most common way to get to work, selected by 40% of workers, while public transit is not used. A small percentage of residents commute to work on foot.

Many Frankfort residents work in one of three industries: manufacturing, retail, and healthcare. Combined, these industries account for 25% of the city's labor force. Meanwhile, looking at job function, many of the city's workers are in transportation, which ranks as the top profession in the city. With an average annual income of almost $54K, Frankfort workers take home about $9,000 less than the average Indiana resident. The city's average income also falls below the national average ($73,345). Compared to the national average, Frankfort has a large number of residents older than 25 who have a high school degree or equivalent (28%). Further, 5% possess a Bachelor's degree and 2% have a Master's or Doctoral degree.

Average Rent in Frankfort

Studio1 Bed2 Bed3 Bed
Sep 19$650$775$900
Aug 19650775900
Jul 19650775900
Jun 19645775925
May 19645775925
Apr 19645750925
Mar 19645775925
Mar 19775
Feb 19775
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Frequently Asked Questions About Frankfort

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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