College Costs in Frankfort, IN 2026
Compare tuition, housing, and financial aid across 2 colleges in Frankfort, Indiana. Use our free calculator to estimate your total cost.
Avg Public Tuition
$10,200
per year
Avg Private Tuition
$34,000
per year
Avg Rent Near Campus
$606
per month
Colleges & Universities
2
institutions
Frankfort Overview
Population
16,422
Student Population
2,040 (12.4%)
Cost of Living Index
80.4 (avg: 100)
Walk Score
47/100
Transit Score
21/100
Unemployment Rate
3.4%
College Cost Calculator for Frankfort
Cost Inputs
Total Cost (4 Years, Public In-State)
$89,596
Total After Financial Aid
$89,596
Annual Cost
$22,399
Annual After Aid
$22,399
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $89,596 |
| Monthly Payment | $1,017 |
| Total Interest | $32,485 |
| Total Loan Cost | $122,081 |
Universities in Frankfort
| University | Type | Annual Tuition |
|---|---|---|
| Frankfort State University | Public | $10,084 |
| Frankfort Community College | Community | $5,308 |
Frankfort has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Frankfort vs. National Average
| Category | Frankfort | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $10,200 | $10,940 | -$740 |
| Monthly Rent Near Campus | $606 | $1,050 | -$444 |
| Cost of Living Index | 80.4 | 100 | -19.599999999999994 |
Frankfort's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Frankfort
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,040 students
Frankfort has a total population of 16,422, with approximately 2,040 college students (12.4% of the population). Frankfort has a significant student presence that contributes to a diverse cultural scene with restaurants, entertainment, and networking opportunities.
Post-Graduation Outlook in Frankfort
$34,331
Starting Salary
3.4%
Unemployment Rate
62%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Frankfort earn a median starting salary of $34,331, which is -$669 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $89,596 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $8,922 per student per year, the net cost and payback period can be significantly reduced.
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