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Frankfort Square, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
9,560
Population
$126,897
Median Income
$305,800
Home Value
42.3
Median Age

Demographics

Frankfort Square has a population of 9,560 with a median age of 42.3. Here is the racial and ethnic breakdown of the population:

White
71.6%
Hispanic
11.5%
Other
8.7%
Black
5.5%
Asian
2.7%
Demographic Value
Total Population9,560
Median Age42.3
White71.6%
Black or African American5.5%
Asian2.7%
Hispanic or Latino11.5%
Other / Two or More Races8.7%
Frankfort Square, Illinois — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 71.6%Hispanic/Latino: 11.5%Other: 8.7%Black: 5.5%Asian: 2.7%9,560PopulationWhiteWhite71.6%Hispanic/LatinoHispanic/Latino11.5%OtherOther8.7%BlackBlack5.5%AsianAsian2.7%

Income & Economy

The median household income in Frankfort Square is $126,897, which is 57.4% above the national median of $80,610. The per capita income is $44,151. The poverty rate is 6.4%.

$126,897
Median Household Income
$44,151
Per Capita Income
6.4%
Poverty Rate

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Education

In Frankfort Square, 96.4% of residents age 25+ have a high school diploma or higher, and 32.9% hold a bachelor's degree or higher (12.0% with a graduate or professional degree).

HS Diploma+
96.4%
Bachelor's+
32.9%
Graduate+
12.0%
Education Level % of Adults (25+)
High School Diploma or Higher96.4%
Bachelor's Degree or Higher32.9%
Graduate or Professional Degree12.0%

Housing

The median home value in Frankfort Square is $305,800, above the national median of $303,400. The median monthly rent is $1,622. The homeownership rate is 95.2%.

$305,800
Median Home Value
$1,622/mo
Median Rent
95.2%
Homeownership Rate
Housing Metric Value
Median Home Value$305,800
Median Monthly Rent$1,622
Homeownership Rate95.2%
Vacancy Rate2.5%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Frankfort Square, Illinois?
The population of Frankfort Square, Illinois is 9,560 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Frankfort Square, Illinois?
The median household income in Frankfort Square, Illinois is $126,897. This is 57.4% above the national median of $80,610.
What is the median home value in Frankfort Square, Illinois?
The median home value in Frankfort Square, Illinois is $305,800. The median monthly rent is $1,622.
What percentage of people in Frankfort Square have a college degree?
In Frankfort Square, Illinois, 32.9% of adults age 25 and older hold a bachelor's degree or higher, and 96.4% have a high school diploma or higher.
Is Frankfort Square, Illinois an affordable place to live?
The home price-to-income ratio in Frankfort Square, Illinois is 2.4x (median home value $305,800 vs. median income $126,897), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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