Demographics

Frankfort is approximately 16 square miles and its estimated population is 20,077. In addition to Frankfort residents, Frankfort's utility system serves nearly 20,000 more customers outside Village limits, including areas in Frankfort Square and portions of Tinley Park.
 
According to Forbes.com, Frankfort ranks as the 36th fastest growing suburb in the United States. By 2050, the Chicago Metropolitan Agency for Planning (CMAP) forecasts Frankfort's population to reach 31,997.

Population:

Year   Frankfort   Will County       
Drive Time' 
 
5 Minutes 
  10 Minutes    15 Minutes  
 
 
 
1990 7,180 357,313        18,201   75,399   183,350  
2000 10,391 502,266              
 
 
 
2010 17,782 677,560              
 
 
 
2020 20,296                    
2050* 31,997 1,073,023              
 
 
 

^Estimated
*Projected (Source CMAP) 
' From LaGrange & St. Francis Rds.

Mean/Median Household Income:

Frankfort: $146,686/$117,253
Will County: $91,602/$76,142
U.S.: $74,596/$53,482
(Source Frankfort - 2019 ESRI forecasts; Will County & U.S. 2010-2014 U.S. Census American Community Survey 5-Year Estimates)


Median Age:42.1
(Source 2019 ESRI forecasts)

Mean/Median Home Value:$413,458 / $386,154
(Source U.S. Census Bureau, Census 2010 Summary File 1)

 

Link to US Census Bureau