Frankfort, New York Demographics & Population 2026
During the 2020–2024 ACS period, Frankfort, New York had a total population of 2,503, the 558th largest village in New York, with a median household income of $50,909, which is 41% lower than the state average. The poverty rate is 11.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 41% below the state average, indicating significant economic challenges.
- Near full employment with an unemployment rate of just 1.4%.
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 | 2,384 | 2,503 | +5.0% |
| Median household income | $48,931 | $50,909 | +4.0% |
| Median home value | $119,000 | $128,200 | +7.7% |
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: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Frankfort Rankings in New York
Explore New York Rankings
Other Cities in Herkimer County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Ilion | 7,593 | $62,843 | 14.5% | $108,700 |
| Herkimer | 7,566 | $48,529 | 26.4% | $133,200 |
| Little Falls | 4,550 | $53,544 | 24.3% | $105,700 |
| Mohawk | 2,520 | $72,813 | 15.1% | $124,600 |
| Dolgeville | 1,874 | $67,740 | 10.9% | $115,200 |
| West Winfield | 837 | $76,667 | 10.4% | $151,300 |
| East Herkimer | 659 | $86,154 | 4.9% | $128,000 |
| Middleville | 652 | $84,125 | 7.7% | $163,100 |
| Old Forge | 574 | $75,076 | 3.7% | $322,800 |
| East Frankfort | 571 | $57,833 | 14.0% | $109,500 |
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 |
|---|---|---|---|---|---|
| Siena College | 2,500 | N/A | N/A | 67.7% | 16.0% |
| Marist College | 2,564 | N/A | N/A | 0.0% | N/A |
| Jamestown West | 2,424 | $54,250 | $146,000 | 34.1% | 9.5% |
| Gowanda | 2,683 | $51,828 | $96,400 | 10.8% | 16.9% |
| Rouses Point | 2,414 | $46,250 | $197,400 | 24.6% | 11.9% |
Population Overview
Frankfort is a small community located in New York, within Herkimer County. The total population is 2,503. It ranks as the 558th most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Frankfort is 36.7 years. This is 8% lower than the state median of 39.8 years.
Economy, Income & Housing
The median household income in Frankfort is $50,909. This is 41% lower than the state median of $85,974. It is also 37% lower than the national median of $80,734. The poverty rate stands at 11.2%. This is 20% lower than the state poverty rate of 14.0%. The unemployment rate is 1.4%. This is 78% lower than the state rate of 6.4%. The median home value is $128,200. Housing costs are 70% lower than the state median of $423,800. With a home-value-to-income ratio of just 2.5x, Frankfort is one of the most affordable housing markets in the area. 75.7% of occupied housing units are owner-occupied. This homeownership rate is 39% higher than the state average of 54.4%.
Race & Ethnicity
Frankfort has a predominantly White (non-Hispanic) population, comprising 90.3% of all residents. Hispanic or Latino residents account for 2.8%. The White (non-Hispanic) population is significantly higher than the state average (90.3% vs 52.8%). The Black or African American population (1.2%) is well below the state average of 13.4%. The Hispanic or Latino population (2.8%) is well below the state average of 19.8%.
Education
13.0% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 68% lower than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.0%.
Data Sources & Methodology
All demographic data for Frankfort, New York 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 New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. 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, New York?
Frankfort, New York has a population of 2,503 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Frankfort, NY?
The median household income in Frankfort is $50,909, which is 37% lower than the national median of $80,734.
What is the poverty rate in Frankfort, NY?
The poverty rate in Frankfort is 11.2%. This means approximately 281 residents live below the federal poverty line.
What is the racial makeup of Frankfort, New York?
Frankfort's population is 90.3% White, 1.2% Black, 2.8% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Frankfort, NY?
The median home value in Frankfort is $128,200. The home-value-to-income ratio is 2.5x.
How educated is Frankfort, New York?
13.0% of adults (25+) in Frankfort hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.