Frankfort Square, IL
Population 9,777 · Illinois
About Frankfort Square, IL
Frankfort Square is a small community in Illinois with a population of 9,777 residents. The median household income is $126,953 per year, which is above the national average. The median age in Frankfort Square is 40.2 years.
Housing in Frankfort Square has a median home value of $282,100 and median monthly rent of $1,511. Of the 3,402 total housing units, the majority are owner-occupied, with 3,057 owner-occupied and 223 renter-occupied units.
The unemployment rate in Frankfort Square is 7.4% and the poverty rate is 5.7%. 31.8% of residents hold a bachelor's degree or higher. The average commute time is 30.2 minutes.
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.
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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 Census data.
What is the median household income in Frankfort Square?
The median household income in Frankfort Square, IL is $126,953 per year.
What is the median home value in Frankfort Square?
The median home value in Frankfort Square, IL is $282,100.
What is the average rent in Frankfort Square?
The median monthly rent in Frankfort Square, IL is $1,511.
What is the unemployment rate in Frankfort Square?
The unemployment rate in Frankfort Square, IL is 7.4%.