Living in Frankfort Square, Illinois
Cost of living, income, home prices, rent and demographics of Frankfort Square · Census data 2020–2024
Frankfort Square has 9,560 residents with a median age of 42.3. The median household income is $126,897 (52% higher than the Illinois median), the median home value is $305,800, the median rent is $1,622/month.
Frankfort Square at a glance
- Population
- 9,560
- Median age
- 42.3State: 39
- Median household income
- $126,897State: $83,390
- Median home value
- $305,800State: $263,300
- Median rent
- $1,622/moState: $1,274
- Homeowners
- 95.2%
- Bachelor's degree or higher
- 32.9%
- Average commute
- 28 min
Is Frankfort Square a good place to live?
Pros: Median household income 52% higher than the Illinois median; a poverty rate of 6.4%.
Cons: Home values 16% higher than the state median; an average commute of 28 minutes; unemployment of 7.4%.
The weather is best in June to September.
Cost of living in Frankfort Square
Housing is the biggest part of the cost of living. In Frankfort Square the median home value is $305,800, 8% lower than the U.S. median. Renters pay a median of $1,622 per month, which is 15.9% of household income. Homeowners with a mortgage pay $2,055 a month in housing costs.
Frankfort Square median household income
The median household income in Frankfort Square is $126,897 and the income per person is $44,151. 6.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Frankfort Square: homes for sale and rent
- Housing units
- 3,288
- Owner-occupied
- 95.2%
- Renter-occupied
- 4.8%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.98
Frankfort Square demographics
- Population
- 9,560
- Median age
- 42.3
- Under 18
- 23.4%
- 65 and older
- 15.5%
- Households
- 3,206
- Foreign-born
- 6.3%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Frankfort Square ›
Education in Frankfort Square
32.9% of adults 25 and older in Frankfort Square have a bachelor's degree or higher (Illinois: 37.8%), and 12% have a graduate or professional degree.
Jobs and commute in Frankfort Square
- Unemployment rate
- 7.4%State: 5.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 11.5%
- Drive alone
- 75.8%
- Public transit
- 0.6%
- Walk to work
- 0.6%
- Homes with broadband
- 99.2%
Frankfort Square vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Frankfort Square | 9,560 | $126,897 | $305,800 | $1,622 |
| Arbury Hills | 1,519 | $99,091 | $230,200 | — |
| Matteson | 18,645 | $95,457 | $250,600 | $1,580 |
| Tinley Park | 54,842 | $105,189 | $299,900 | $1,495 |
| Frankfort | 20,651 | $154,375 | $481,200 | $2,442 |
| Mokena | 20,021 | $123,889 | $401,400 | $1,254 |
| Richton Park | 12,521 | $64,554 | $220,900 | $1,294 |
| Country Club Hills | 16,324 | $75,197 | $192,000 | $1,709 |
| Orland Hills | 6,719 | $122,039 | $280,300 | $1,359 |
More for people moving to Frankfort Square
Frankfort Square ZIP code ›Weather and climate ›Living in Frankfort Square: FAQ
What is the median household income in Frankfort Square, IL?
The median household income in Frankfort Square is $126,897, 52% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Frankfort Square?
The median home value in Frankfort Square is $305,800, compared with $263,300 in Illinois.
How much is rent in Frankfort Square?
The median gross rent in Frankfort Square is $1,622 per month, about 15.9% of household income.
Is Frankfort Square, IL a good place to live?
Pluses: median household income 52% higher than the Illinois median; a poverty rate of 6.4%. Minuses: home values 16% higher than the state median; an average commute of 28 minutes; unemployment of 7.4%.
What is the median age in Frankfort Square?
The median age in Frankfort Square is 42.3 years (Illinois: 39).
How long is the commute in Frankfort Square?
The average commute to work in Frankfort Square is 28 minutes; 11.5% of workers work from home.
What is the unemployment rate in Frankfort Square?
The unemployment rate in Frankfort Square is 7.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Frankfort Square?
32.9% of adults in Frankfort Square have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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