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Demographics

Frankfort is approximately 16 square miles and its estimated population is 22,523. 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, the Frankfort ranks as the 36th fastest growing suburb in the United States. By 2040, the Chicago Metropolitan Agency for Planning (CMAP) forecasts Frankfort's population to reach 49,849.

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  





 
 

2017^ 22,523









2040* 49,849 1,175,218  




 
 
 


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


Mean/Median Household Income:

Frankfort: $142,815/$114,310

Will County: $91,602/$76,142

U.S.: $74,596/$53,482

(Source Frankfort - 2016 ESRI forecasts; Will County & U.S. 2010-2014 U.S. Census American Community Survey 5-Year Estimates)


Median Age:

41.2

(Source U.S. Census Bureau, Census 2010 Summary File 1)


Mean/Median Home Value:

$413,458 / $386,154

(Source U.S. Census Bureau, Census 2010 Summary File 1)
 


 

Link to US Census Bureau