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Frankfort city, Michigan Demographics & Population 2026

As of 2026, Frankfort city, Michigan has a total population of 1,158, the 409th largest city in Michigan, with a median household income of $51,813, which is 27% lower than the state average. The poverty rate is 13.0%.

Frankfort city Quick Facts

Population 1,158
Median Household Income $51,813
Median Home Value $305,600
Poverty Rate 13.0%
Unemployment Rate 4.7%
Median Age 60.5 years
Homeownership Rate 62.4%
Affordability Ratio 5.9x
Bachelor's Degree or Higher 38.9%
High School Graduation Rate 88.7%
Diversity Index 10/100
Population 1,158 409th of 745
Median Income $51,813 below average
Poverty Rate 13.0% 5% higher national
Median Home Value $305,600 top 10%

How Frankfort city Compares

Economy & Housing

Employment

4.7% Unemployment Rate State: 5.8% | National: 5.2%
35.7% Labor Force Participation

Housing Overview

Owner 62.4%
Renter 37.6%
Affordability Index Expensive
5.9x home value to income ratio

People & Demographics

Diversity Index

10out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 44 | National average: 60

Education

Frankfort city Rankings in Michigan

#409 Population of 745
#500 Median Income of 745
#136 Education of 745
#72 Home Value of 745

Cities Similar to Frankfort city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Luna Pier city1,204$51,830$176,00020.9%27.1%
Millington village1,151$56,339$117,70013.4%19.4%
Grant city1,146$56,875$158,60010.8%18.0%
Lexington village1,119$49,091$191,00026.8%12.6%
Athens village1,149$58,438$141,8008.6%11.9%

Population Overview

Frankfort city is a small community located in Michigan, within Benzie County. The total population is 1,158. It ranks as the 409th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Frankfort city is 60.5 years. This is 51% higher than the state median of 40.1 years. 23.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Frankfort city is $51,813. This is 27% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 34% lower. The poverty rate stands at 13.0%. This is about average than the state poverty rate of 13.1%. The unemployment rate is 4.7%. This is 19% lower than the state rate of 5.8%. The median home value is $305,600. Housing costs are 40% higher than the state median of $217,600. The home-value-to-income ratio is 5.9x. 62.4% of occupied housing units are owner-occupied. This homeownership rate is 14% lower than the state average of 72.9%.

Race & Ethnicity

Frankfort city has a predominantly White (non-Hispanic) population, comprising 94.7% of all residents. Black or African American residents account for 1.5%. The Black or African American population (1.5%) is well below the state average of 13.2%. The Hispanic or Latino population (0.6%) is well below the state average of 5.7%.

Education

38.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 22% higher than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.7%. Notably, 21.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Frankfort city, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Frankfort city, Michigan?

Frankfort city, Michigan has a population of 1,158 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Frankfort city, MI?

The median household income in Frankfort city is $51,813, which is 34% lower the national median of $78,538.

What is the poverty rate in Frankfort city, MI?

The poverty rate in Frankfort city is 13.0%. This means approximately 136 residents live below the federal poverty line.

What is the racial makeup of Frankfort city, Michigan?

Frankfort city's population is 94.7% White, 1.5% Black, 0.6% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Frankfort city, MI?

The median home value in Frankfort city is $305,600. The home-value-to-income ratio is 5.9x.

How educated is Frankfort city, Michigan?

38.9% of adults (25+) in Frankfort city hold a bachelor's degree or higher, and 21.3% hold a graduate or professional degree.