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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.

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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?
The poverty rate in Frankfort village is 2.6% (U.S. Census Bureau ACS 2023).
What is the median home value in Frankfort village?
$461,600 (U.S. Census Bureau ACS 2023).
What is the average rent in Frankfort village?
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?
59.2% of adults in Frankfort village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
20,417
Median Income
$153,714
Median Home Value
$461,600
Poverty Rate
2.6%
Unemployment (ACS 2023)
3.6%
Median Age
41.0 yrs
Since 2019 Median Income: +$14,569 (+10.5%) Home Value: +$76,700 (+19.9%) Poverty Rate: -0.1 pp (-3.7%) Bachelor's+: +0.6 pp (+1%) Unemployment: +0.1 pp (+2.9%)

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.)
Filipino
1.0%
Indian
0.8%
Chinese
0.3%
Korean
0.3%
Hispanic Subgroups (% of total pop.)
Mexican
4.3%
Puerto Rican
0.4%

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
< $10k
1.4%
$10–15k
1.2%
$15–25k
1.5%
$25–35k
2.5%
$35–50k
4.7%
$50–75k
9.1%
$75–100k
8.7%
$100–150k
19.1%
$150–200k
16.7%
$200k+
35.0%

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%
Home Value Distribution
< $50k
1.2%
$50–100k
1.6%
$100–200k
1.1%
$200–300k
8.1%
$300–500k
45.7%
$500k–$1M
39.8%
$1M+
0.9%
Gross Rent Distribution
$500–1k
3.2%
$1–1.5k
35.2%
$1.5–2k
6.0%
$2–2.5k
16.0%
$2.5–3.5k
17.2%
$3.5k+
22.4%
Vehicle Availability
No vehicle
3.2%
1 vehicle
16.3%
2 vehicles
51.2%
3+
29.3%
Housing Type
Single-fam. det.
81.7%
Single-fam. att.
13.9%
2–4 units
0.5%
5–19 units
0.4%
20+ units
0.1%
Mobile home
0.2%
Housing Age
Pre-1940
4.2%
1940–1969
0.7%
1970–1999
13.2%
2000–2009
34.4%
2010+
13.4%

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%
Industry
Edu/Health
25.3%
Prof. Services
13.5%
Finance
10.9%
Retail
10.8%
Manufacturing
9.1%
Arts/Entmt.
8.0%
Construction
5.8%
Transportation
4.9%
Public Admin
4.5%
Wholesale
2.3%
Information
1.9%
Occupation
Management
57.0%
Sales
22.0%
Production
8.1%
Food Prep
8.1%
Construction
4.7%

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 5
5.4%
5–9
8.1%
10–14
9.6%
15–19
8.1%
20–24
4.3%
25–34
6.6%
35–44
12.1%
45–54
15.1%
55–64
7.3%
65–74
7.8%
75–84
9.6%
85+
5.2%
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%
Foreign-Born Origin
Latin America
27.9%
Europe
26.9%
Asia
22.7%
Africa
18.2%

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

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