Frankfort, Michigan Demographics & Population 2026
During the 2020–2024 ACS period, Frankfort, Michigan had a total population of 1,225, the 400th largest city in Michigan, with a median household income of $54,327, which is 25% lower than the state average. The poverty rate is 12.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Frankfort Quick Facts
How Frankfort Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,158 | 1,225 | +5.8% |
| Median household income | $51,813 | $54,327 | +4.9% |
| Median home value | $305,600 | $350,000 | +14.5% |
How Frankfort Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
Frankfort Rankings in Michigan
Explore Michigan Rankings
Other Cities in Benzie County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Benzonia | 718 | $61,875 | 14.1% | $209,100 |
| Hardwood Acres | 611 | $109,196 | 3.4% | $276,700 |
| Thompsonville | 490 | $66,250 | 18.3% | $115,800 |
| Bendon | 315 | $69,750 | 15.0% | $196,200 |
| Lake Ann | 273 | $70,625 | 3.7% | $338,900 |
| Beulah | 218 | $71,000 | 13.9% | $485,700 |
| Elberta | 174 | $114,375 | 0.0% | $267,600 |
| Honor | 172 | $45,341 | 9.9% | $223,800 |
| Crystal Mountain | 166 | $120,938 | 2.4% | $547,400 |
| Nessen City | 149 | $62,222 | 31.5% | $160,400 |
Cities Similar to Frankfort
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lewiston | 1,201 | $54,231 | $169,800 | 19.2% | 18.6% |
| Brooklyn | 1,180 | $56,324 | $200,000 | 22.0% | 9.0% |
| Weidman | 1,156 | N/A | N/A | 17.7% | 52.3% |
| North Branch | 1,166 | $56,731 | $152,000 | 11.0% | 15.3% |
| Luna Pier | 1,244 | $61,641 | $188,800 | 21.8% | 26.1% |
Population Overview
Frankfort is a small community located in Michigan, within Benzie County. The total population is 1,225. It ranks as the 400th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Frankfort is 62.3 years. This is 55% higher than the state median of 40.2 years. Only 13.9% of residents are under 18, indicating fewer families with children. 26.2% 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 is $54,327. This is 25% lower than the state median of $72,875. It is also 33% lower than the national median of $80,734. The poverty rate stands at 12.3%. This is 7% lower than the state poverty rate of 13.2%. The unemployment rate is 6.7%. This is 18% higher than the state rate of 5.7%. The median home value is $350,000. Housing costs are 51% higher than the state median of $231,600. The home-value-to-income ratio of 6.4x suggests that housing affordability is a significant concern for many residents. 64.1% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 73.2%.
Race & Ethnicity
Frankfort has a predominantly White (non-Hispanic) population, comprising 92.6% of all residents. Hispanic or Latino residents account for 2.5%. The Black or African American population (2.0%) is well below the state average of 13.1%. The Hispanic or Latino population (2.5%) is well below the state average of 5.9%. The Asian population (1.4%) is well below the state average of 3.4%.
Education
39.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 22% higher than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.1%. Notably, 21.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Frankfort, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Frankfort, Michigan?
Frankfort, Michigan has a population of 1,225 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Frankfort, MI?
The median household income in Frankfort is $54,327, which is 33% lower than the national median of $80,734.
What is the poverty rate in Frankfort, MI?
The poverty rate in Frankfort is 12.3%. This means approximately 137 residents live below the federal poverty line.
What is the racial makeup of Frankfort, Michigan?
Frankfort's population is 92.6% White, 2.0% Black, 2.5% Hispanic/Latino, and 1.4% Asian.
What is the median home value in Frankfort, MI?
The median home value in Frankfort is $350,000. The home-value-to-income ratio is 6.4x.
How educated is Frankfort, Michigan?
39.7% of adults (25+) in Frankfort hold a bachelor's degree or higher, and 21.7% hold a graduate or professional degree.