Frankfort Square, IL
Full City Profile · Illinois · Will County County
Frankfort Square, IL
At a Glance
How Frankfort Square Compares to the U.S. Average
Each bar shows Frankfort Square's value as a percentage of the national average (100% = U.S. avg)
Is Frankfort Square a Good Place to Live?
Economy & Jobs
Frankfort Square residents earn a median household income of $126,953 , which is 69% above the national average of $75,149. Per capita income is $44,438. The unemployment rate stands at 7.4% (106% above the U.S. rate of 3.6%). 5.1% of residents live below the poverty line. The area is home to 15,924 business establishments, including 1,360 restaurants.
Housing & Cost of Living
The median home value in Frankfort Square is $282,100 , 0% below the national median of $281,900. Zillow estimates the typical home at $319,323. Median rent is $1,511/month, with 16.9% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1984.
Education
31.8% of adults in Frankfort Square hold a bachelor's degree or higher (6% below the national average). 96.7% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Frankfort Square has an average annual temperature of 50°F (10°C). Winters average 23°F in January while summers reach 74°F in July. Annual precipitation totals 42.1 inches. Air quality is rated Good with a median AQI of 44.