Everything You Should Know Before Moving to Frankfort, IL
Considering a move to Frankfort, IL? This welcoming suburb of 20,296 residents is known for its top-rated schools, safe neighborhoods (with crime well below national averages), and a high median home value of $420,000. Residents benefit from strong median household incomes, a 35-minute average commute to Chicago, and a robust owner-occupied housing rate. Enjoy all four seasons, excellent health care options, and a community-focused lifestyle perfect for families or professionals.
Demographics - Frankfort, IL
Demographics - Frankfort, IL
Frankfort is a vibrant community of just over 20,000 residents, with a balanced gender ratio and a median age of 41.5, offering a family-friendly and mature environment. The city is predominantly White (81.2%), with a growing representation of Black, Asian, and other groups, and about 10% of the population speaks a language other than English at home.
Population:
20,296
Density:
1,600 per sq mi
Median Age:
41.5
Gender Ratio:
96 males per 100 females
Non-English Speakers Percentage:
10.4%
Ethnic Composition
White:
81.2%
Black:
8.7%
Asian:
3.9%
Others:
6.2%
Cost Of Living
What is the average cost of living in Frankfort, IL?
Living in Frankfort comes with a higher-than-average cost of living, reflected in a median home value of $420,000 and typical rents around $1,800 per month. While utilities and groceries remain close to national averages, housing costs are notably higher, making it an upscale choice for those seeking suburban comfort near Chicago.
Median House Value:
$420,000
Gross Rent:
$1,800
Monthly Electricity Charges:
$110
Auto Insurance:
$1,450
House Owner Cost With Mortgage:
$2,250
House Owner Cost Without Mortgage:
$860
State Taxes:
Low:
4.95%
|
High:
7.99%
Cost Of Living Index:
114.0
Grocery:
101.2
Housing:
128.4
Utilities:
98.3
Transportation:
110.0
Health Care:
105.5
Miscellaneous:
102.1
Crime
Is Frankfort, IL a safe place to live?
Frankfort is considered very safe, with violent crime rates significantly below national norms—residents face only a 1 in 2,100 chance of being a victim. Property crime is also low, contributing to the community’s reputation as a secure place to live and raise a family.
Violent Crimes Per 100k:
48
Property Crimes Per 100k:
312
Crime Index:
360
Chance Of Violent Crime:
1 in 2,100
Chance Of Property Crime:
1 in 320
Weather
What is the weather like in Frankfort, IL year-round?
Residents experience all four seasons in Frankfort, from snowy winters with lows near 16°F to warm summers reaching up to 85°F. The area receives about 40 inches of annual rainfall and enjoys sunshine on more than half of the days each year, offering a balanced Midwestern climate.
Winter
Min:
16°F
Max:
33°F
Spring
Min:
38°F
Max:
65°F
Summer
Min:
60°F
Max:
85°F
Fall
Min:
39°F
Max:
67°F
Average Rainfall Inches:
39.5 inches
Sunny Days Percentage:
54%
Neighbors
Frankfort’s households enjoy strong financial health, with a median household income of $135,400 and a low poverty rate of 2.8%. The community is highly educated, with over 97% of adults holding at least a high school diploma, and average commute times to Chicago are approximately 35 minutes.
Median Income:
$54,000
Household Income:
$135,400
Family Income:
$148,000
Per Capita Income:
$52,500
Income Male:
$69,000
Income Female:
$54,000
Poverty Rate:
2.8%
Non English Speakers:
10.4%
Rent:
$1,800
Unemployment Rate:
3.8%
Public Transport Usage:
4.1%
Commute Time:
35.2 minutes
Education
High School or Higher:
97.1%
Bachelors or More:
56.4%
Education
How are the schools in Frankfort, IL?
Families in Frankfort benefit from highly rated public and private schools, with favorable student-teacher ratios and a variety of options for all age groups. Higher education is easily accessible, with Prairie State College and Governor’s State University just a short drive away.
Public Schools
Name:
Grand Prairie Elementary School
Street:
10480 Nebraska St
Phone:
815-469-3366
Students:
650
Student Teacher Ratio:
15.0
Name:
Summit Hill Junior High School
Street:
7260 W North Ave
Phone:
815-469-4330
Students:
850
Student Teacher Ratio:
14.2
Private Schools
Name:
St. Anthony Catholic School
Street:
7659 W Sauk Trail
Phone:
815-469-0414
Students:
215
Colleges
Name:
Prairie State College
City:
Chicago Heights
State:
IL
Distance:
10 miles
Students:
7,700
Name:
Governor’s State University
City:
University Park
State:
IL
Distance:
13 miles
Students:
4,800
Healthcare
Frankfort residents have access to excellent healthcare, with major hospitals like Silver Cross Hospital and Franciscan Health nearby and 2.6 physicians per 1,000 people. The vast majority of residents (95%) have health insurance, ensuring reliable medical support for families and individuals alike.
Major Hospitals
Name:
Silver Cross Hospital
Address:
1900 Silver Cross Blvd, New Lenox, IL 60451
Phone:
(815) 300-1100
Type:
General & Surgical
Emergency Services:
Yes
Name:
Franciscan Health Olympia Fields
Address:
20201 S Crawford Ave, Olympia Fields, IL 60461
Phone:
(708) 747-4000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.6
Health Insurance Coverage:
95.1%
Health Care Index:
77.0
Housing Market
What is the housing market like in Frankfort, IL?
The local housing market is dominated by owner-occupied homes, with a high median price of $420,000 and an ownership rate above 92%. Home values have appreciated modestly in the past year, and rental options remain available with average rents for a two-bedroom around $1,800.
Median Home Price:
$420,000
Average Rent For 2 Bedroom:
$1,800
Owner Occupied Rate:
92.4%
Rental Vacancy Rate:
5.7%
Home Appreciation Rate (1yr):
4.2%
New Construction Rate:
1.5%
Foreclosure Rate:
0.3%
DMV Information
Frankfort residents can access DMV services through the Illinois Secretary of State office in nearby Harvey, offering vehicle registration, licensing, and other essential services both in person and online.
State:
Illinois
Department:
Illinois Secretary of State
Address:
16835 S Halsted St, Harvey, IL 60426
Phone:
1-800-252-8980
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.