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. There's nothing like the smell of a brand new house, and in Frankfort, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Frankfort, and putting down their money on brand new construction. Frankfort’s real estate is, on average, some of the newest in the nation. Frankfort does seem to be experiencing an influx of affluent people, because 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.

A relatively large number of people in Frankfort telecommute to their jobs. Overall, about 18.72% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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 great place for families with children to consider. First of all, many other families with children live here, making Frankfort a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Frankfort has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Frankfort’s overall crime rate is lower than average for the country.

One downside of living in Frankfort, however, is that residents on average have to contend with a long commute, spending on average 34.50 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.

Although the majority of commuting trips in the village are by private automobile, Frankfort is somewhat unusual for a village of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Frankfort area by reducing both traffic and air pollution.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Frankfort. 59.98% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Frankfort in 2022 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.