Frankfort is a medium-sized village located in the state of Illinois. With a population of 18,857 people and five constituent neighborhoods, Frankfort is the 143rd largest community in Illinois. There's nothing like the smell of a brand new house, and in Frankfort, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Frankfort, and putting down their money on brand new construction. Frankfort’s real estate is, on average, some of the newest in the nation. Frankfort does seem to be experiencing an influx of affluent people, because the median household income is $113,250.00.
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.
Unlike some villages where white-collar or blue-collar occupations dominate the local economy, Frankfort is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. 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 (17.03%), sales jobs (11.99%), and office and administrative support (10.19%).
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.
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.
In Frankfort, however, the average commute to work is quite long. On average, people spend 32.94 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Even though Frankfort is a smaller village, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Frankfort is a pretty powerful place. 55.88% of the adults in Frankfort have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Frankfort in 2010 was $46,905, which is wealthy relative to Illinois and the nation. This equates to an annual income of $187,620 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 Irish, Italian, Polish, and English.
The most common language spoken in Frankfort is English. Other important languages spoken here include Spanish and Indic languages.