Franklin Grove, IL
Population 1,086 · Illinois
About Franklin Grove, IL
Franklin Grove is a small community in Illinois with a population of 1,086 residents. The median household income is $60,833 per year, which is near the national average. The median age in Franklin Grove is 41.5 years.
Housing in Franklin Grove has a median home value of $136,800 and median monthly rent of $850. Of the 424 total housing units, the majority are owner-occupied, with 258 owner-occupied and 132 renter-occupied units.
The unemployment rate in Franklin Grove is 1.3% and the poverty rate is 11.3%. 19.1% of residents hold a bachelor's degree or higher. The average commute time is 28.5 minutes.
Cost of Living in Franklin Grove, IL
Compared to national averages, Franklin Grove has a median household income of $60,833 (19% below the national median of $75,149). Home values average $136,800, which is 44% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Illinois, Franklin Grove's income is 19% below the state average of $75,072, and home values are 17% below the state median of $165,779.
Why Live in Franklin Grove, IL?
Franklin Grove offers affordable housing with a median home value of $136,800, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 11.3%, better than the national average.
Potential considerations include median household income ($60,833) that falls below the national average. However, Franklin Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Grove has a population of 1,086 with a median age of 41.5 years. Compare Franklin Grove with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Franklin Grove
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| La Harpe | 1,085 | $49,028 | $84,200 | Compare |
| McCullom Lake | 1,087 | $71,000 | $180,700 | Compare |
| Lake Catherine | 1,091 | $94,821 | $237,100 | Compare |
| Astoria | 1,094 | $49,345 | $63,700 | Compare |
| Grandview | 1,077 | $48,906 | $72,900 | Compare |
| Royalton | 1,076 | $49,625 | $51,900 | Compare |
| Warrensburg | 1,076 | $88,897 | $141,100 | Compare |
| Andalusia | 1,073 | $72,589 | $150,200 | 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 Franklin Grove
What is the population of Franklin Grove, IL?
The population of Franklin Grove, IL is 1,086 according to the latest Census data.
What is the median household income in Franklin Grove?
The median household income in Franklin Grove, IL is $60,833 per year.
What is the median home value in Franklin Grove?
The median home value in Franklin Grove, IL is $136,800.
What is the average rent in Franklin Grove?
The median monthly rent in Franklin Grove, IL is $850.
What is the unemployment rate in Franklin Grove?
The unemployment rate in Franklin Grove, IL is 1.3%.