Frankfort, Maine Median Income

Frankfort, Maine has a population of 1,340, with a median household income of $61,200.

Current median income data for Frankfort.

$61,200

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Population

1,340

💰

Median Income

$61,200

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Unemployment

3.10%

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Housing Price

$246,800

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Crime Rate

2.80

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Internet Speed

185.00 Mbps

Frankfort is a small local community located in Maine. The city has a population that is below the average city population in Maine, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Maine, Frankfort provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Frankfort has a population of 1,340, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Frankfort is $61,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Frankfort is about $246,800, making it relatively affordable compared to many cities in Maine.

Employment and Safety

The unemployment rate in Frankfort is 3.10%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Frankfort are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Maine, Frankfort shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Frankfort continues to play a role in shaping regional trends in Maine, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Frankfort

What is the population of Frankfort?

The population of Frankfort is approximately 1,340.

Is Frankfort a good place to live?

Frankfort offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Frankfort?

The median household income in Frankfort is around $61,200.

How expensive is housing in Frankfort?

The average housing price in Frankfort is approximately $246,800.