Clinton County · Indiana · Midwest · 16k residents
Frankfort, IN: economy, jobs & business costs
The site-selection read on Frankfort: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,058/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare Frankfort side by side
Avg. weekly wage
$1,058/wk
Corporate income tax
4.9%
Bachelor's degree or higher
11.5%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast Frankfort's economy is moving, ranked against the US cities we track.
54/100
Steady
Ranks Frankfort's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $138,600 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $727/mo |
| 2-bedroom rent | $891/mo |
| State & local income tax | 4.75% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,058/wk |
| Bachelor's degree or higher | 11.5% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 19.6/1k |
| Wage: Software developer | $105,920 |
| Wage: Registered nurse | $83,500 |
| Wage: General manager | $108,170 |
| Wage: Customer service | $43,140 |
| Wage: Warehouse worker | $36,250 |
| Wage: Heavy truck driver | $60,290 |
| Wage: Electrician | $68,490 |
| Wage: Retail salesperson | $31,530 |
| Cost of living index | 75 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $60/mo |
| Gas price | $3.20/gal |
| Healthcare index | 95 |
| Childcare (per child) | $900/mo |
| Median household income | $57,412 |
| Unemployment rate | 3.6% |
| Population | 16k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 30/100 |
| Disaster risk | 31/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 19°F |
| Annual snowfall | 24 in |
| Home price YoY | +4.2% |
| Home price MoM | +0.1% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | +39.1% |
| Ocean coast | 616 mi |
| Big lake | 101 mi |
| Mountains | 294 mi |
| Major airport | 41 mi |
| Ski resort | 116 mi |
Popular comparisons
Nearby
- Lebanon, IN · 18k
- Lafayette, IN · 71k
- Kokomo, IN · 59k
- West Lafayette, IN · 45k
- Westfield, IN · 55k
Similar size
- Jasper, IN · 16k
- New Haven, IN · 16k
- Griffith, IN · 16k
- Dyer, IN · 16k
- Crawfordsville, IN · 16k
Real listings in Frankfort
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Frankfort a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,058/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Frankfort, IN?
- Frankfort indexes at 75 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $891/mo and a acs median home value of $138,600.
- How much does a house cost in Frankfort?
- The acs median home value in Frankfort is $138,600 (Census ACS estimate; individual listings vary).
- How much is rent in Frankfort?
- A two-bedroom in Frankfort rents for about $891/mo.