Frankfort, SD Profile: Facts & Data

The primary coordinate point for Frankfort is located at latitude 44.8766 and longitude -98.3054 in Spink County. The formal boundaries for the City of Frankfort encompass a land area of 0.79 sq. miles and a water area of 0 sq. miles. Spink County is in the Central time zone (GMT -6). The elevation is 1,299 feet.

The City of Frankfort has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Frankfort, SD Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	131 (100%)
Population in Households	104 (79.4%)
Population in Families	85 (64.9%)
Population in Group Quarters¹	27 (20.6%)
Population Density	166
Diversity Index²	13


INCOME
Median Household Income	$76,364
Average Household Income	$109,211
% of Income for Mortgage⁴	0%
Per Capita Income	$31,514
Wealth Index⁵	123

HOUSING
Total HU (Housing Units)	68 (100%)
Owner Occupied HU	47 (69.1%)
Renter Occupied HU	9 (13.2%)
Vacant Housing Units	12 (17.6%)
Median Home Value	$133,333
Average Home Value	$164,583
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	56
Average Household Size	1.86
Family Households	35
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Frankfort, SD - Peer Comparisons by Rank and Percentile

The table below compares Frankfort to the other 486 incorporated cities, towns and CDPs in South Dakota by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-1.00%	-0.78%
Households	-1.55%	-0.72%
Families		-0.58%
Median Household Income		2.38%
Per Capita Income		2.45%
Owner Occupied HU		-0.87%

Variable Description	Rank	Percentile
Total Population	# 279	43rd
Population Density	# 341	30th
Median Household Income	# 127	74th
Housing Affordability Index	# 144	30th
Per Capita Income	# 298	39th
Diversity Index	# 323	33rd

Frankfort, SD Profile: Facts & Data

Frankfort, South Dakota - Basic Facts

Frankfort, SD Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Frankfort, SD - Peer Comparisons by Rank and Percentile

Frankfort, SD - Most Popular Things to Do

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