Median Household Income
$154,375 ± $11,309
Median Home Value
$481,200 ± $18,699
Median Gross Rent
$2,442 ± $882/mo
Per Capita Income
$62,793
Poverty Rate
3.2%
Unemployment Rate
4.1%
Homeownership Rate
94.8%
Bachelor's Degree or Higher
59.3%
Median Age
42.2
Average Commute
27 min
Households
6,789
Veterans
613
Population Over Time
Frankfort grew 14.1% from 2014 to 2024.
2014
18,100
2016
18,415
2018
18,850
2020
19,166
2022
20,260
2024
20,651
Population by Race & Ethnicity
White
76.1%
Hispanic or Latino
7.0%
Black or African American
10.3%
Asian
2.6%
Nearby Cities in Illinois
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.