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Frankfort, IN 46041 has a population of approximately 22,778 and experiences a population change rate of -8.63%. The population density is 90.6 / sq mi .
The median household income for Frankfort, IN 46041 is $53,250, with 8,704 households and an average household size of 2.62.
The median value of a home in Frankfort, IN 46041 is $159,500 with an appreciation rate of 18.40%. 61.96% of housing in the state is owned while 27.97% is rented.
The cost of living in Frankfort, IN 46041 is 76.5 %.
The unemployment rate in Frankfort, IN 46041 is 2.20%, and recent job growth is at 0.02%. Future job growth is projected at 38.18%.
The sales tax rate in Frankfort, IN 46041 is 7.00%, while the income tax rate is 3.23% .
School expenditures in Frankfort, IN 46041 are $11,162, and the school ratio is 15.1:1.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 17.3 degrees. The average rainfall is approximately 41.7 inches per year, with 26.6 inches of snow per year.