Frankfort is a medium-sized village located in the state of Illinois. With a population of 20,677 people and five associated neighborhoods, Frankfort is the 121st largest community in Illinois. Frankfort has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Frankfort, where the median household income is $157,615.00.

Frankfort real estate is some of the most expensive in Illinois, although Frankfort house values don't compare to the most expensive real estate in the U.S.

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.

Telecommuters are a relatively large percentage of the workforce: 18.72% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Frankfort is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Frankfort really has some of the features that families look for when choosing a good community to raise children. Is Frankfort perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

In Frankfort, however, the average commute to work is quite long. On average, people spend 34.50 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.

For the size of the village, public transportation in Frankfort is quite heavily used. Mostly, people who use it for their daily commute are taking the train. For Frankfort, the benefits are reduced air pollution and congestion on the highways.

If knowledge is power, Frankfort is a pretty powerful place. 59.98% 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 2018 was $60,328, which is wealthy relative to Illinois and the nation. This equates to an annual income of $241,312 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 German, Irish, Italian, Polish, and English.

The most common language spoken in Frankfort is English. Other important languages spoken here include Spanish and German/Yiddish.