Frankfort, IL
Quality of Life, Demographics, And Statistics

Demographics | Cost Of Living
Updated: 2023-10-17

Living In Frankfort, Illinois Summary

Life in Frankfort research summary. HomeSnacks has been researching the quality of life in Frankfort over the past eight years using Census data, FBI crime data, cost of living data, and other primary sources. Based on the most recently available data, we found the following about life in Frankfort:

  • The population in Frankfort is 20,040.

  • The median home value in Frankfort is $389,500.

  • The median income in Frankfort is $145,645.

  • The cost of living in Frankfort is 126 which is 1.3x higher than the national average.

  • The median rent in Frankfort is $1,863.

  • The unemployment rate in Frankfort is 4.4%.

  • The poverty rate in Frankfort is 2.2%.

Frankfort SnackAbility

6
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8.5
Diversity
8
Safety
9
Amenities
8
Education
9
Commute
3

Frankfort, IL Cost Of Living

126
Frankfort's Overall Cost Of Living
1.3x
Higher Than The National Average
Living Expense Frankfort Illinois National Average
Overall 126 92 100
Services 95 95 100
Groceries 94 98 100
Health 111 96 100
Housing 190 81 100
Transportation 112 105 100
Utilities 90 90 100

Frankfort, IL Photos

Rankings for Frankfort in Illinois

Map Of Frankfort, IL

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Population over time in Frankfort

Year Population % Change
2021 19,166 1.7%
2020 18,850 1.5%
2019 18,572 0.9%
2018 18,415 0.7%
2017 18,295 1.1%
2016 18,100 0.8%
2015 17,958 1.0%
2014 17,787 1.8%
2013 17,464 2.4%
2012 17,056 -

Race / Ethnicity in Frankfort

White
80.8% (16,194)
African American
8.7% (1,735)
American Indian
0.0% (0)
Asian
3.1% (631)
Hawaiian
0.0% (0)
Other
0.0% (0)
Two Or More
1.9% (388)
Hispanic
5.4% (1,092)
Race Frankfort IL USA
White 80.8% 60.2% 59.4%
African American 8.7% 13.8% 12.2%
American Indian 0.0% 0.1% 0.6%
Asian 3.1% 5.6% 5.6%
Hawaiian 0.0% 0.0% 0.2%
Other 0.0% 0.3% 0.4%
Two Or More 1.9% 2.4% 3.2%
Hispanic 5.4% 17.5% 18.4%

Gender in Frankfort

Female
50.6% (10,140)
Male
49.4% (9,899)
Gender Frankfort IL USA
Female 50.6% 50.6% 50.5%
Male 49.4% 49.4% 49.5%

Highest level of educational attainment in Frankfort for adults over 25

< 9th Grade
-0.0% (0)
9-12th Grade
1.0% (200)
High School / GED
19.0% (3,807)
Some College
15.0% (3,006)
Associate's Degree
8.0% (1,603)
Bachelor's Degree
32.0% (6,412)
Master's Degree
17.0% (3,406)
Professional Degree
5.0% (1,002)
Doctorate Degree
3.0% (601)
Education Frankfort IL USA
< 9th Grade -0.0% 6.0% 5.0%
9-12th Grade 1.0% 6.0% 6.0%
High School / GED 19.0% 25.0% 26.0%
Some College 15.0% 20.0% 20.0%
Associate's Degree 8.0% 8.0% 9.0%
Bachelor's Degree 32.0% 22.0% 21.0%
Master's Degree 17.0% 10.0% 9.0%
Professional Degree 5.0% 2.0% 2.0%
Doctorate Degree 3.0% 1.0% 2.0%

Household Income For Frankfort, Illinois

Less than $10,000
1.2% (24,404)
$10,000 to $14,999
0.0% (0)
$15,000 to $24,999
1.9% (37,545)
$25,000 to $34,999
3.6% (72,275)
$35,000 to $49,999
3.4% (67,895)
$50,000 to $74,999
10.5% (210,255)
$75,000 to $99,999
10.5% (210,881)
$100,000 to $149,999
22.4% (448,983)
$150,000 to $199,999
18.3% (367,634)
$200,000 or more
28.1% (564,123)
Income Frankfort IL USA
Less than $10,000 1.2% 5.9% 5.5%
$10,000 to $14,999 0.0% 3.5% 3.9%
$15,000 to $24,999 1.9% 7.4% 7.8%
$25,000 to $34,999 3.6% 7.7% 8.2%
$35,000 to $49,999 3.4% 10.7% 11.4%
$50,000 to $74,999 10.5% 16.3% 16.8%
$75,000 to $99,999 10.5% 12.9% 12.8%
$100,000 to $149,999 22.4% 17.1% 16.3%
$150,000 to $199,999 18.3% 8.5% 7.8%
$200,000 or more 28.1% 10.1% 9.5%

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