Frankfort Square, IL
Population 9,777 · Illinois
About Frankfort Square, IL
Frankfort Square is a small town located in Illinois with a population of 9,777 residents according to the latest US Census Bureau American Community Survey data. The median household income is $126,953 per year, which is 69% above the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Frankfort Square features a median home value of $282,100, which is 15% above the national median of $244,900. This positions Frankfort Square in a moderately priced market relative to the rest of the country. Median monthly rent is $1,511, 30% above the national average of $1,163/month. Of the 3,402 total housing units, 93% are owner-occupied (3,057 units) and 7% are renter-occupied (223 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Frankfort Square shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Frankfort Square have an average one-way commute time of 30.2 minutes.
Education & Demographics
31.8% of Frankfort Square residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 10.5% White, 1.9% Hispanic or Latino, 1.3% Black or African American, and 0.3% Asian residents, with 5.4% of the population being foreign-born.
Cost of Living in Frankfort Square, IL
Compared to national averages, Frankfort Square has a median household income of $126,953 (69% above the national median of $75,149). Home values average $282,100, which is 15% above the national median. Monthly rent at $1,511 is 30% above the US average of $1,163. Within Illinois, Frankfort Square's income is 69% above the state average of $75,072, and home values are 70% above the state median of $165,779.
Why Live in Frankfort Square, IL?
Frankfort Square offers a strong local economy with a median household income of $126,953, well above the national average, and a low poverty rate of 5.7%, better than the national average.
Frankfort Square has a population of 9,777 with a median age of 40.2 years. Compare Frankfort Square with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Frankfort Square
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mahomet | 9,755 | $114,904 | $293,200 | Compare |
| Sauk Village | 9,724 | $56,946 | $101,900 | Compare |
| Peru | 9,863 | $68,147 | $155,600 | Compare |
| Harvard | 9,875 | $71,418 | $174,000 | Compare |
| Flossmoor | 9,666 | $137,768 | $309,100 | Compare |
| Winfield | 9,982 | $143,102 | $363,400 | Compare |
| Itasca | 9,525 | $111,898 | $375,600 | Compare |
| Rochelle | 9,477 | $63,373 | $153,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Frankfort Square With Other Cities
Frequently Asked Questions about Frankfort Square
What is the population of Frankfort Square, IL?
The population of Frankfort Square, IL is 9,777 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Frankfort Square?
The median household income in Frankfort Square, IL is $126,953 per year, which is 69% above the national median of $75,149.
What is the median home value in Frankfort Square?
The median home value in Frankfort Square, IL is $282,100, which is 15% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Frankfort Square?
The median monthly rent in Frankfort Square, IL is $1,511, which is 30% above the national average of $1,163/month.
What is the unemployment rate in Frankfort Square?
The unemployment rate in Frankfort Square, IL is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Frankfort Square, IL a good place to live?
Frankfort Square offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 9,777 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Frankfort Square, IL?
31.8% of residents in Frankfort Square aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Frankfort Square?
Key cost-of-living indicators for Frankfort Square, IL: median home value is $282,100 (15% above national), median rent is $1,511/month, and median household income is $126,953. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Frankfort Square?
The poverty rate in Frankfort Square, IL is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Frankfort Square, IL?
Frankfort Square's population is 10.5% White, 1.9% Hispanic or Latino, 1.3% Black or African American, 0.3% Asian, and 3.8% two or more races. 5.4% of residents are foreign-born.