Frankfort, NY is a charming village located in the heart of Oneida County with a population of approximately 4,000 people. The town offers plenty of recreational opportunities with its close proximity to the beautiful Finger Lakes region. The 2 bedroom rent in Frankfort is $910, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Frankfort is only 98 compared to 100 for the rest of the country.
Local amenities include a number of shops and restaurants, including Big M Market, Daire's Restaurant & Tap Room, and Harry's Yacht Basin. There are also several local recreation sites such as Hinman Park and Rec Center, Minuteman Park, and Herkimer Landing Park & Beach. Furthermore, Frankfort offers easy access to nearby towns such as Utica and Rome by car or public transportation.
Frankfort (zip 13340) has an unemployment rate of 8.3%. The US average is 6.0%.
Frankfort (zip 13340) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Frankfort (zip 13340)
- The Sales Tax Rate for Frankfort (zip 13340) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Frankfort (zip 13340) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frankfort (zip 13340)
- The average income of a Frankfort (zip 13340) resident is $33,984 a year. The US average is $37,638 a year.
- The Median household income of a Frankfort (zip 13340) resident is $62,206 a year. The US average is $69,021 a year.