Frankfort is a village located in Will County, Illinois. Frankfort has a 2026 population of 21,584. Frankfort is currently growing at a rate of 0.99% annually and its population has increased by 6.26% since the most recent census, which recorded a population of 20,312 in 2020.
The median household income in Frankfort is $154,375 with a poverty rate of 3.22%. The median age in Frankfort is 42.2 years: 41.1 years for males, and 43.9 years for females. For every 100 females there are 102.9 males.
Data after 2023 is projected based on recent change
Overall: 42.2 years
Female: 43.9 years
Male: 41.1 years
There are 14,773 adults, (3,453 of whom are seniors) in Frankfort.
Female: 10,179 (49.3%)
Male: 10,472 (50.7%)
The racial composition of Frankfort includes 76.05% White, 10.28% Black or African American, and smaller percentages for Asian, other race, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 15,706 | 76.05% |
| Black or African American | 2,122 | 10.28% |
| Two or more races | 2,040 | 9.88% |
| Asian | 537 | 2.6% |
| Other race | 210 | 1.02% |
| Native American | 36 | 0.17% |
Frankfort 's average per capita income is $88,152. Household income levels show a median of $154,375. The poverty rate stands at 3.22%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $191,500 | - |
| Families | $171,949 | $204,539 |
| Households | $154,375 | $188,096 |
| Non Families | $61,920 | $98,452 |
Average Income
Median Household Income
Poverty Rate