Frankfort is a medium-sized village located in the state of Illinois. With a population of 21,160 people and five associated neighborhoods, Frankfort is the 121st largest community in Illinois. Much of the housing stock in Frankfort was built relatively recently. The construction of new real estate can often be taken as an indication that the local Frankfort economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Frankfort, where the median household income is $154,375.00.

Frankfort real estate is some of the most expensive in Illinois, although Frankfort house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Frankfort has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 23.56% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Frankfort is a great place for families with children to consider. First of all, many other families with children live here, making Frankfort a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Frankfort has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Frankfort’s overall crime rate is lower than average for the country.

One downside of living in Frankfort, however, is that residents on average have to contend with a long commute, spending on average 34.34 minutes every day commuting to work.

Do you like to read, write and learn? If you move to Frankfort, you'll likely find that many of your neighbors like to as well. Frankfort is one of the more educated communities in America, with a full 59.33% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Frankfort in 2022 was $62,793, which is wealthy relative to Illinois and the nation. This equates to an annual income of $251,172 for a family of four.

Frankfort is a very ethnically-diverse village. The people who call Frankfort home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Frankfort residents report their race to be White, followed by Black or African-American. Important ancestries of people in Frankfort include German, Irish, Polish, Italian, and English.

The most common language spoken in Frankfort is English. Other important languages spoken here include Spanish and French.