Frankfort

Population: 20,417
Median household income: $153,714
Median home value: $461,600

Frankfort, a community in Will County, Illinois, has 20,417 residents. Its median household income of $153,714 runs above the Will County figure of $107,799.

From 2019 to 2023, Frankfort's population grew 7.5% from 18,999 to 20,417, while its median home value rose 19.9% from $384,900 to $461,600.

The largest age group is 5 to 17, 24.1% of residents. White (non-Hispanic) residents are the largest group, 78.6% of the population.

Demographics

ACS 2019–2023

Population: 20,417
Median age: 41.8 yrs
Median household income: $153,714
Median home value: $461,600
Median gross rent: $2,175
Housing units: 6,922
Homeownership rate: 94.7%
Bachelor's degree or higher: 59.2%
Unemployment rate: 3.6%

Trends

ACS 5-year · 2019–2023

Population

18,99920,417

Median household income

$139,145$153,714

Median home value

$384,900$461,600

Median gross rent

$1,240$2,175

Year	Population	Median household income	Median home value	Median gross rent
2019	18,999	$139,145	$384,900	$1,240
2020	19,166	$140,731	$376,100	$1,462
2021	20,040	$145,645	$389,500	$1,863
2022	20,260	$157,615	$438,700	$2,265
2023	20,417	$153,714	$461,600	$2,175

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.4%

5 to 1724.1%

18 to 246.0%

25 to 346.6%

35 to 4412.1%

45 to 5415.1%

55 to 6415.1%

65 to 749.6%

75 and over6.0%

	Count	Share
Under 5	1,107	5.4%
5 to 17	4,924	24.1%
18 to 24	1,215	6.0%
25 to 34	1,353	6.6%
35 to 44	2,478	12.1%
45 to 54	3,087	15.1%
55 to 64	3,075	15.1%
65 to 74	1,952	9.6%
75 and over	1,226	6.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	16,042	78.6%
Black or African American	2,212	10.8%
American Indian & Alaska Native	0	0.0%
Asian	533	2.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	498	2.4%
Hispanic or Latino (any race)	1,132	5.5%

Educational attainment (age 25+)

No high school diploma1.7%

High school graduate15.8%

Some college or associate's23.3%

Bachelor's degree34.2%

Graduate or professional degree25.0%

	Count	Share
No high school diploma	220	1.7%
High school graduate	2,083	15.8%
Some college or associate's	3,072	23.3%
Bachelor's degree	4,505	34.2%
Graduate or professional degree	3,291	25.0%

Commute to work

Mean travel time to work: 33 min

Drove alone71.8%

Carpooled3.3%

Public transit4.3%

Walked0.3%

Bicycle0.0%

Worked from home19.4%

Other means0.9%

How workers get to work

	Count	Share
Drove alone	6,842	71.8%
Carpooled	315	3.3%
Public transit	413	4.3%
Walked	25	0.3%
Bicycle	0	0.0%
Worked from home	1,853	19.4%
Other means	85	0.9%

Travel time

	Count	Share
Under 15 min	1,143	14.9%
15 to 29 min	2,272	29.6%
30 to 44 min	1,951	25.4%
45 to 59 min	1,159	15.1%
60+ min	1,155	15.0%

Households

Average household size: 3.08
Poverty rate: 4.4% (898 of 20,295)

	Count	Share
Family households	5,497	83.4%
Nonfamily households	1,093	16.6%

Housing

Median year structure built: 2000

Occupancy

	Count	Share
Occupied	6,590	95.2%
Vacant	332	4.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	6,244	94.7%
Renter-occupied	346	5.3%

1-unit, detached81.7%

1-unit, attached13.9%

2 to 4 units2.0%

5 to 19 units2.1%

20 or more units0.1%

Mobile home & other0.2%

Units in structure

	Count	Share
1-unit, detached	5,657	81.7%
1-unit, attached	963	13.9%
2 to 4 units	138	2.0%
5 to 19 units	142	2.1%
20 or more units	10	0.1%
Mobile home & other	12	0.2%

Geography

Place GEOID: 1727624
Type (LSAD): 47
Land area: 16 sq mi
Water area: 0 sq mi
Center point: 41.5070, -87.8710