All Countries
Frankfort, IL
Full City Profile · Illinois · Will County County
4.0
/5.0
A
Great
20,417
Population
1,307/sq mi density
$153,714
Median Income
$59,421 per capita
$461,600
Home Value
$480,767 Zillow
$2,175
Median Rent
28.4% income on rent
51°F
Avg Temperature
275 sunny days/yr
83
Violent Crime/100K
1,095 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$153,714 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$461,600 home value, $2,175/mo rent
F
Safety
1.0 / 5.0
83 violent crimes/100K
A+
Education
5.0 / 5.0
59.2% bachelor's degree or higher
Income Overview
Median Household Income
$153,714
105% above
US avg: $75,149
Per Capita Income
$59,421
52% above
US avg: $39,052
Unemployment Rate
2.4%
33% below
US avg: 3.6%
Poverty Rate
2.6%
79% below
US avg: 12.4%
Income Comparison: Frankfort vs. U.S. Average
Each bar shows Frankfort’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$153,714
205%
Per Capita
US: $39,052
$59,421
152%
IRS Avg AGI
US: $72,000
$93,451
130%
Avg Weekly Wage
US: $1,432
$1,165
81%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,165
19% below US avg ($1,432)
Mean Commute Time
33 min
20% above US avg (28 min)
Work From Home
19.4%
28% above US avg (15.2%)
Drive Alone
71.8%
2% below US avg (73.2%)
Public Transit
4.3%
13% below US avg (5.0%)
County GDP
$50,333M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
71.8%
Public Transit
4.3%
Work From Home
19.4%
Other
4.5%
Average commute time
33 minutes
US avg: 28 min
Business Landscape
Total Establishments
15,924
Restaurants
1,360
Healthcare
1,994
Retail
1,683
Manufacturing
594
Tax & Financial
IRS Avg Adjusted Gross Income
$93,451
30% above US avg ($72,000)
Avg Property Tax
$9,020
158% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $153,714 |
| Per Capita Income | $59,421 |
| IRS Avg Adjusted Gross Income | $93,451 |
| Avg Weekly Wage | $1,165 |
| County GDP | $50,333M |
Hardship Indicators
| Unemployment Rate | 2.4% |
| Poverty Rate | 2.6% |
| Gini Coefficient | 0.410 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 33 minutes |
| Drive Alone | 71.8% |
| Public Transit | 4.3% |
| Work From Home | 19.4% |
Businesses
| Total Establishments | 15,924 |
| Restaurants | 1,360 |
| Healthcare | 1,994 |
| Retail | 1,683 |
| Manufacturing | 594 |
Tax
| IRS Avg AGI | $93,451 |
| Avg Property Tax | $9,020 |