Frankton, IN

Full City Profile · Indiana · Madison County County

3.6 /5.0
B+ Good
1,789 Population 1,688/sq mi density
$64,500 Median Income $31,282 per capita
$120,200 Home Value $204,559 Zillow
$1,000 Median Rent 18.0% income on rent
51°F Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$64,500 median income, 4.2% unemployment
A+
Affordability
5.0 / 5.0
$120,200 home value, $1,000/mo rent
C
Education
2.0 / 5.0
12.8% bachelor's degree or higher

Frankton, IN

At a Glance

Median Income
$64,500
14% below
$31,282 per capita
Home Value
$120,200
57% below
Zillow: $204,559
Median Rent
$1,000/mo
14% below
18.0% of income on rent
Bachelor's Degree+
12.8%
62% below
90.8% high school+
Unemployment
4.2%
17% above
9.2% poverty rate
Obesity Rate
34.7%
8% above
18.6% smoking rate
Avg Temperature
51°F

How Frankton Compares to the U.S. Average

Each bar shows Frankton's value as a percentage of the national average (100% = U.S. avg)

Income
86%
Home Value
43%
Rent
86%
Poverty
74%
Bachelor's
38%
Unemployment
117%
Thin vertical line = U.S. national average (100%)

Is Frankton a Good Place to Live?

B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Frankton residents earn a median household income of $64,500 , which is 14% below the national average of $75,149. Per capita income is $31,282. The unemployment rate stands at 4.2% (17% above the U.S. rate of 3.6%). 9.2% of residents live below the poverty line. The area is home to 2,484 business establishments, including 230 restaurants.

Housing & Cost of Living

The median home value in Frankton is $120,200 , 57% below the national median of $281,900. Zillow estimates the typical home at $204,559. Median rent is $1,000/month, with 18.0% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1965.

Education

12.8% of adults in Frankton hold a bachelor's degree or higher (62% below the national average). 90.8% have completed high school. Local schools score 5.5/10 in standardized testing.

Climate & Weather

Frankton has an average annual temperature of 51°F (11°C). Winters average 26°F in January while summers reach 73°F in July. Annual precipitation totals 42.5 inches. Air quality is rated Good with a median AQI of 42.

Data Overview

People

Population1,789
Median Age39.5 yrs
Density1,688/mi²
Male / Female53% / 47%
Foreign Born2.2%
Veterans6.1%

Economy

B+
Median Income$64,500
Per Capita$31,282
Unemployment4.2%
Poverty9.2%
County GDP$5,526M
Avg Weekly Wage$961

Housing

A+
Home Value$120,200
Rent$1,000
Ownership79.5%
Zillow$204,559
Housing Units788
Rent Burden18.0%

Health

Obesity34.7%
Diabetes10.6%
Smoking18.6%
Heart Disease5.7%
Premature Death11,656/100K

Climate

Avg Temp51°F
Rain42.5 in/yr
AQI42 (Good)
Elevation856 ft

Education

C
Bachelor's+12.8%
High School+90.8%
Graduate+4.4%
School Score5.5/10

Community

2024 VoteR 63% / D 36%
Commute32 min
Broadband81.8%
Internet Speed103 Mbps
EV Stations2
Libraries8

Did You Know?

The median home in Frankton was built in 1965.
The nearest airport is Delaware County Regional (20 miles).
The Gini coefficient (income inequality) is 0.437 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
16.4% of the population has a disability.
Average internet download speed is 103 Mbps.
There are 230 restaurants in the area.
The county recorded 13 fatal vehicle crashes.