Frankfort village, Illinois
City
Population: 20,417
(2023 estimate)
Located in
Illinois , Illinois
Census Bureau data for Frankfort village from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Frankfort village
- What is the median household income in Frankfort village?
-
The median household income in Frankfort village is $153,714 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Frankfort village?
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The poverty rate in Frankfort village is 2.6% (U.S. Census Bureau ACS 2023).
- What is the median home value in Frankfort village?
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$461,600 (U.S. Census Bureau ACS 2023).
- What is the average rent in Frankfort village?
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The median gross rent in Frankfort village is $2,175 per month (U.S. Census Bureau ACS 2023).
- What percentage of Frankfort village residents have a college degree?
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59.2% of adults in Frankfort village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Demographics
Total Population
20,417
Median Age
41.0
Female
48.8%
Race & Ethnicity
Hispanic or Latino 5.5%
White (non-Hisp.) 78.6%
Black 10.9%
Asian 2.6%
Two or More 6.2%
Other 0.8%
Asian Subgroups (% of total pop.)
Hispanic Subgroups (% of total pop.)
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$153,714
±$10,433
+$72,012 vs. state
Per Capita Income
$182,061
Median Family Income
$168,963
Poverty Rate
2.6%
-5.6 pp vs. state
Child Poverty Rate
5.0%
Working-Age Poverty Rate
—
SNAP Recipients
1.7%
Social Security Income
—
Retirement Income
27.8%
Household Income Distribution
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
6,922
Owner-Occupied
94.7%
Renter-Occupied
5.3%
Vacancy Rate
4.8%
Median Home Value
$461,600
+$211,100 vs. state
Median Gross Rent
$2,175
Owner Cost Burden (30%+)
21.4%
Renter Cost Burden (30%+)
43.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
98.3%
Bachelor's or Higher
59.2%
+22.0 pp vs. state
Graduate Degree
25.0%
Some College / Associate
16.1%
Less Than High School
1.0%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
66.7%
Unemployment Rate
3.6%
-2.2 pp vs. state
Work from Home
19.4%
Self-Employed
3.7%
Government Workers
13.4%
Private For-Profit
82.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
33.1 min
Drove Alone
71.8%
Carpool
3.3%
Public Transit
4.3%
Work from Home
19.4%
Walked
0.3%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
6,590
Avg. Household Size
3.00
Avg. Family Size
—
Married-Couple Households
74.6%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
37.5%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 18: 29.5%
Working age (18–64): 70.5%
65 and over: 15.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
7.3%
Naturalized Citizen
79.4%
Speaks English Less Than Very Well
1.8%
Veterans & Disability
Veteran
3.7%
With a Disability
6.0%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
97.3%
Uninsured
2.7%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
93.4%
Has a Computer
97.4%
Same House 1 Year Ago
91.0%
Moved from Abroad
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023