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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 18.72% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

Frankfort is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Frankfort’s overall crime rate is lower than average for the country.

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.

Do you like to read, write and learn? If you move to Frankfort, you'll likely find that many of your neighbors like to as well. Frankfort is one of the more educated communities in America, with a full 59.98% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 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.