Demographics

The population was 10,391 at the 2000 census. The population in 2010 according to the US Census Bureau was 17,782. According to Forbes.com, the village ranks as the 36th fastest growing suburb in the United States. In addition to the current population growth, the Northeastern Illinois Planning Commission has forecasted the population to reach 55,797 in 2030.

Population:

Year	Frankfort	Will County		Drive Time	Five minutes	Ten Minutes	Twenty Minutes
1990	7,180	357,313			21,335	108,274	617,412
2000	10,391	502,266
2007	16,492	673,586
2010	17,782	677,560	l
2030*	55,797	1,107,778

*Projected (Source NIPC)

Avg. Household Income:

Frankfort: $130,648
Will Co.: $75,566
US: $50,015

Median Age:

39.9

(Source 2000 U.S. Census data, adjusted)

Avg. Home Price:

$376,724
(Source Money Magazine)

Annualized Growth Rate

6.1%/Year (2000-2007)

Source: Applied Geographci Solutions/TIGER Geography 08/07, Origin at Rt. 30 & Rt. 45

Link to US Census Bureau
Link to Money Magazine Demographic Profile
Download Frankfort Demographics Report 11/07