Frankfort is a medium-sized village located in the state of Illinois. With a population of 20,907 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 $153,714.00. 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.Frankfort is a decidedly white-collar village, with fully 87.14% of the workforce employed in white-collar jobs, well above the national average. Overall, Frankfort is a village of professionals, managers, and sales and office workers. There are especially a lot of people living in Frankfort who work in management occupations (16.52%), sales jobs (12.58%), and healthcare (10.92%). 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: 19.44% 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 is that it can take a long time to commute to work. In Frankfort, the average commute to work is 33.65 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative. For the size of the village, public transportation in Frankfort is quite heavily used. Mostly, people who use it for their daily commute are taking the train. For Frankfort, the benefits are reduced air pollution and congestion on the highways.Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Frankfort. 59.19% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%. The per capita income in Frankfort in 2022 was $59,421, which is wealthy relative to Illinois and the nation. This equates to an annual income of $237,684 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 Arabic.
