Franklin Grove, IL
Full City Profile · Illinois · Lee County County
Franklin Grove, IL
At a Glance
How Franklin Grove Compares to the U.S. Average
Each bar shows Franklin Grove's value as a percentage of the national average (100% = U.S. avg)
Is Franklin Grove a Good Place to Live?
Economy & Jobs
Franklin Grove residents earn a median household income of $60,833 , which is 19% below the national average of $75,149. Per capita income is $30,081. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 10.9% of residents live below the poverty line. The area is home to 692 business establishments, including 79 restaurants.
Housing & Cost of Living
The median home value in Franklin Grove is $136,800 , 51% below the national median of $281,900. Zillow estimates the typical home at $202,868. Median rent is $850/month, with 23.7% 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 1943.
Education
19.1% of adults in Franklin Grove hold a bachelor's degree or higher (43% below the national average). 90.9% have completed high school. Local schools score 5.1/10 in standardized testing.
Climate & Weather
Franklin Grove has an average annual temperature of 49°F (10°C). Winters average 21°F in January while summers reach 74°F in July. Annual precipitation totals 38.0 inches.