Frankfort is a very small village located in the state of New York. With a population of 2,307 people and two associated neighborhoods, Frankfort is the 546th largest community in New York. Much of the housing stock in Frankfort was built prior to World War II, making it one of the older and more historic villages in the country.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.44% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

As is often the case in a small village, Frankfort doesn't have a public transportation system that people use for their commute.

The percentage of people in Frankfort with college degrees is quite a bit lower than the national average for cities and towns of 21.84%: just 12.38% of people over 25 have a bachelor's degree or advanced degree.

The per capita income in Frankfort in 2022 was $31,779, which is lower middle income relative to New York, and middle income relative to the rest of the US. This equates to an annual income of $127,116 for a family of four. However, Frankfort contains both very wealthy and poor people as well.

The people who call Frankfort home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Frankfort residents report their race to be White, followed by Black or African-American. Important ancestries of people in Frankfort include Italian, Irish, German, English, and Polish.

The most common language spoken in Frankfort is English. Other important languages spoken here include Polish and Italian.