Frankfort, MI
1,225Residents
$54,327Median household income
$876/moMedian gross rent
$350,000Median home value
62.3Median age
40%Adults with a bachelor’s degree or higher
64%Homes lived in by their owners
6.4×Home value to household income
Median rent takes about 19% of the median household income in Frankfort.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $35,000 a year. In Michigan that leaves roughly $2,401 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.