Frankfort, Indiana is a small town located in Clinton County and has a population of 16,422 people. It is known for its historically affluent downtown area and the red brick courthouse located at the center of town. The 2 Bedroom Rent in Frankfort is $900, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Frankfort is also lower than the US average, coming in at 92 compared to 100.
Frankfort has several businesses that provide job opportunities for its residents, including DuPont Transportation Solutions, Altenau Industries Inc., JDS Clinical Research LLC , and others. The median household income in Frankfort is around $41,350 per year - slightly below the state median but still well above the national average.
Frankfort (zip 46041) has an unemployment rate of 3.5%. The US average is 6.0%.
Frankfort (zip 46041) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Frankfort (zip 46041)
- The Sales Tax Rate for Frankfort (zip 46041) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Frankfort (zip 46041) is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frankfort (zip 46041)
- The average income of a Frankfort (zip 46041) resident is $24,525 a year. The US average is $37,638 a year.
- The Median household income of a Frankfort (zip 46041) resident is $53,250 a year. The US average is $69,021 a year.