Franklin Park, IL
Population 18,233 · Illinois
About Franklin Park, IL
Franklin Park is a mid-sized city in Illinois with a population of 18,233 residents. The median household income is $76,009 per year, which is above the national average. The median age in Franklin Park is 37 years.
Housing in Franklin Park has a median home value of $261,700 and median monthly rent of $1,103. Of the 6,182 total housing units, the majority are owner-occupied, with 4,432 owner-occupied and 1,468 renter-occupied units.
The unemployment rate in Franklin Park is 5.0% and the poverty rate is 13.6%. 18.7% of residents hold a bachelor's degree or higher. The average commute time is 28.5 minutes.
Cost of Living in Franklin Park, IL
Compared to national averages, Franklin Park has a median household income of $76,009 (1% above the national median of $75,149). Home values average $261,700, which is 7% above the national median. Monthly rent at $1,103 is 5% below the US average of $1,163. Within Illinois, Franklin Park's income is 1% above the state average of $75,072, and home values are 58% above the state median of $165,779.
Why Live in Franklin Park, IL?
Franklin Park offers a strong local economy with a median household income of $76,009, well above the national average, and rent that’s lower than the national average at $1,103/month.
Franklin Park has a population of 18,233 with a median age of 37 years. Compare Franklin Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Franklin Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sycamore | 18,243 | $80,837 | $254,200 | Compare |
| Shorewood | 18,218 | $122,648 | $324,600 | Compare |
| East St. Louis | 18,278 | $30,992 | $52,700 | Compare |
| Palos Hills | 18,139 | $83,969 | $259,200 | Compare |
| Bourbonnais | 18,109 | $81,017 | $242,600 | Compare |
| Bellwood | 18,373 | $76,990 | $219,600 | Compare |
| North Aurora | 18,375 | $111,781 | $323,900 | Compare |
| Bensenville | 18,576 | $78,298 | $259,300 | 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 Franklin Park With Other Cities
Frequently Asked Questions about Franklin Park
What is the population of Franklin Park, IL?
The population of Franklin Park, IL is 18,233 according to the latest Census data.
What is the median household income in Franklin Park?
The median household income in Franklin Park, IL is $76,009 per year.
What is the median home value in Franklin Park?
The median home value in Franklin Park, IL is $261,700.
What is the average rent in Franklin Park?
The median monthly rent in Franklin Park, IL is $1,103.
What is the unemployment rate in Franklin Park?
The unemployment rate in Franklin Park, IL is 5.0%.