Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.4 yrs |
|---|---|
| Avg HH Size | 2.97 |
| Below Poverty | 5.2% ▼ 48% below avg |
| College Grads | 56.4% ▲ 46% above avg |
| Unemployment | 5.2% ≈ Avg |
| No HS Diploma | 56 (0.3%) |
| HS Graduate | 4,498 (21.4%) |
| Some College | 2,123 (10.1%) |
| Associates | 2,483 (11.8%) |
| Bachelors | 1,767 (8.4%) |
| Graduate Degree | 10,078 (48%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $137,651 ▲ 80% above avg |
|---|---|
| Median Home Value | $376,500 ▲ 35% above avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,455/mo |
| Total Housing Units | 11,494 |
| Vacant Units | 497 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Frankfort is a city in Illinois, located in Will County. The city spans 1 ZIP code and is home to approximately 32,813 residents. It is a middle-aged city, with a median age of 42.4 years.
Economically, Frankfort is a upper-middle-income community. The median household income of $137,651 is significantly above the national average. Approximately 5.2% of residents live below the poverty line. The unemployment rate is 5.2%, near the national average.
The real estate market in Frankfort is a mid-range housing market. Median home values stand at $376,500, which is above the national average. Renters typically pay around $1,455 per month. Homeownership is high at 93.6%, typical of suburban and family-oriented communities.
The population of Frankfort is well-educated. 56.4% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (76.76%).
Frankfort, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 60423 | 32,813 | $137,651 | $376,500 | $1,455 | 5.2% | 56.4% | 93.6% |