Living in Franklin Grove, Illinois
Cost of living, income, home prices, rent and demographics of Franklin Grove · Census data 2020–2024
Franklin Grove has 988 residents with a median age of 47.8. The median household income is $58,618 (30% lower than the Illinois median), the median home value is $124,400, the median rent is $800/month.
Franklin Grove is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin Grove at a glance
- Population
- 988
- Median age
- 47.8State: 39
- Median household income
- $58,618State: $83,390
- Median home value
- $124,400State: $263,300
- Median rent
- $800/moState: $1,274
- Homeowners
- 74%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 27 min
Is Franklin Grove a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 27 minutes; unemployment of 1.2%.
Cons: Median household income 30% lower than the Illinois median; a poverty rate of 12.8%.
The weather is best in June to September.
Cost of living in Franklin Grove
Housing is the biggest part of the cost of living. In Franklin Grove the median home value is $124,400, 63% lower than the U.S. median. Renters pay a median of $800 per month, which is 19.8% of household income. Homeowners with a mortgage pay $1,199 a month in housing costs.
Franklin Grove median household income
The median household income in Franklin Grove is $58,618 and the income per person is $32,262. 12.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Franklin Grove: homes for sale and rent
- Housing units
- 416
- Owner-occupied
- 74%
- Renter-occupied
- 26%
- Vacant
- 7.5%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 2.29
Franklin Grove demographics
- Population
- 988
- Median age
- 47.8
- Under 18
- 19.9%
- 65 and older
- 33.7%
- Households
- 385
- Foreign-born
- 2.1%
- Veterans
- 10.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin Grove ›
Education in Franklin Grove
17.2% of adults 25 and older in Franklin Grove have a bachelor's degree or higher (Illinois: 37.8%), and 4.3% have a graduate or professional degree.
Jobs and commute in Franklin Grove
- Unemployment rate
- 1.2%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 3.2%
- Drive alone
- 84.6%
- Public transit
- 1.2%
- Walk to work
- 0.7%
- Homes with broadband
- 83.4%
Franklin Grove vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin Grove | 988 | $58,618 | $124,400 | $800 |
| Ashton | 935 | $62,778 | $114,200 | $898 |
| Lost Nation | 714 | $108,964 | $236,300 | — |
| Grand Detour | 297 | $76,406 | $191,700 | — |
| Amboy | 2,384 | $68,258 | $134,800 | $824 |
| Dixon | 14,910 | $59,406 | $120,800 | $912 |
| Oregon | 3,851 | $71,841 | $142,600 | $916 |
| West Brooklyn | 152 | $76,250 | $85,000 | $1,611 |
| Rochelle | 9,529 | $66,307 | $164,300 | $985 |
More for people moving to Franklin Grove
Franklin Grove ZIP code ›Weather and climate ›Living in Franklin Grove: FAQ
What is the median household income in Franklin Grove, IL?
The median household income in Franklin Grove is $58,618, 30% lower 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 Franklin Grove?
The median home value in Franklin Grove is $124,400, compared with $263,300 in Illinois.
How much is rent in Franklin Grove?
The median gross rent in Franklin Grove is $800 per month, about 19.8% of household income.
Is Franklin Grove, IL a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 27 minutes; unemployment of 1.2%. Minuses: median household income 30% lower than the Illinois median; a poverty rate of 12.8%.
What is the median age in Franklin Grove?
The median age in Franklin Grove is 47.8 years (Illinois: 39).
How long is the commute in Franklin Grove?
The average commute to work in Franklin Grove is 27 minutes; 3.2% of workers work from home.
What is the unemployment rate in Franklin Grove?
The unemployment rate in Franklin Grove is 1.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin Grove?
17.2% of adults in Franklin Grove 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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