Frankfort is a small town in Michigan with a population of approximately 1,000. It's a nice place to settle down, as retirees make up a greater percentage of the population (37%) here than they do nationally (14%), while young adults are less well-represented. Overall, the town's population, with an average age of just under 52, skews decidedly older than most cities in Michigan. Renters tend to be in the minority in the area, and 77% of residents own their homes. With a relatively low average rent of $788 a month in the town, renting remains an affordable option, particularly compared to other cities in Michigan. Each month, renters in Frankfort will pay around $86 less compared to the state average.
Many Frankfort residents work in one of four industries: healthcare, entertainment, manufacturing, and construction. Together, these industries make up 25% of the workforce in the town. With an average annual income of about $62K, Frankfort workers take home about the same as their peers elsewhere in Michigan. Frankfort, however, compares less favorably to the national average of $73,345. Compared to the national average (7%), Frankfort has a large number of residents over the age of 25 who have advanced degrees, as 13% have earned a Master's or a Doctorate. Additionally, 19% have earned a Bachelor's degree, which also outpaces the national average.
With an average commute time of about 22 minutes, quicker than most cities in the state, Frankfort residents find that it isn't overly time-consuming to travel to work. Driving a vehicle is the typical mode of getting to work, opted for by 30% of residents, while public transportation is not used extensively. Walking (3%) isn't a common way to get to work, though the number exceeds the national average.
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