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Frankfort, IL

Comprehensive demographics, housing data, local amenities, and economic statistics for Frankfort.

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Community Insights

High Incomes
$135k/year
top 6% nationally
Highly Educated
28% bachelor's · 18% graduate
top 12% nationally
Leading Industries
Arts, Food & Hospitality · Healthcare · Professional Services
11% arts, food & hospitality
Home Value Growth⬆⬆
+20.0% over 2 years
Family-Friendly
25% of residents
slightly above average
Homeowners
94% of occupied units

People & Demographics

Total Population20,181
Households
Under 18
25.0%
Age 18–34
19.0%
Age 35–64
36.0%
Age 65+
20.0%
Veterans
5.0%
Active Duty
0.0%

Housing & Living

Median Home Value$443,877
Median Gross Rent$1,727/mo
Owner Occupied
94.2%
Renter Occupied
5.8%
Detached Homes
Built Pre-1940

Economy & Income

Median Household Income$135,428
Poverty Rate

Key Industries

Healthcare13.0%
Professional Services2.0%
Manufacturing0.0%
Retail7.0%
Education2.0%

Amenities & Transit

Transit Score77 / 100
Walkability / Amenities71 / 100
Commute < 15m
Commute 60m+

Education

High School Grad
Bachelor's Degree
28.0%
Master's or Higher
18.0%
School Enrollment

Frequently Asked Questions

What is the population and demographic makeup of Frankfort?

The total population of Frankfort is approximately 20,181. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Frankfort walkable and transit-friendly?

Based on local geographic data, Frankfort has an amenity and walkability score of 71/100 and a transit score of 77/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Frankfort?

The housing market in Frankfort is predominantly driven by homeowners, with 94% of housing units being owner-occupied and 6% being renter-occupied.

What is the education level of residents in Frankfort?

In Frankfort, approximately 28% of adult residents hold a bachelor's degree or higher. Additionally, 18% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.