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. Frankfort has a large stock of pre-World War II architecture, making it one of the older and more historic villages in the country.

A relatively large number of people in Frankfort telecommute to their jobs. Overall, about 10.44% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

Being a small village, Frankfort does not have a public transit system used by locals to get to and from work.

In Frankfort, just 12.38% of people have at least a bachelor's degree, which is quite a bit lower than the national average for cities and towns of 21.84%.

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.