Frankfort is a medium-sized village located in the state of Illinois. With a population of 19,373 people and five constituent neighborhoods, Frankfort is the 143rd largest community in Illinois. Frankfort has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Frankfort, where the median household income is $139,145.00.
Frankfort home prices are not only among the most expensive in Illinois, but Frankfort real estate also consistently ranks among the most expensive in America.
Frankfort is a decidedly white-collar village, with fully 85.90% of the workforce employed in white-collar jobs, well above the national average. Overall, Frankfort is a village of professionals, sales and office workers, and managers. There are especially a lot of people living in Frankfort who work in management occupations (13.60%), sales jobs (12.61%), and office and administrative support (10.49%).
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: 7.63% 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.
Frankfort is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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 34.56 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.
Despite being a small village, Frankfort has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
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 58.58% 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 2018 was $52,438, which is wealthy relative to Illinois and the nation. This equates to an annual income of $209,752 for a family of four.
Frankfort is a somewhat 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, Italian, Polish, and English.
The most common language spoken in Frankfort is English. Other important languages spoken here include Spanish and Tagalog.