Frankfort is a village located in Will County, Illinois. Frankfort has a 2025 population of 21,372 . Frankfort is currently growing at a rate of 1% annually and its population has increased by 5.22% since the most recent census, which recorded a population of 20,312 in 2020.
The average household income in Frankfort is $180,734 with a poverty rate of 4.42%. The median age in Frankfort is 41.8 years: 41.1 years for males, and 43 years for females. For every 100 females there are 104.9 males.
Data after 2023 is projected based on recent change
The racial composition of Frankfort includes 79.34% White, 10.92% Black or African American, and smaller percentages for Asian, other race, Native American and multiracial populations.
White (79.34%)
Black or African American (10.92%)
Two or more races (6.24%)
Asian (2.61%)
Other race (0.78%)
Native American (0.11%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 16,198 | 79.34% |
| Black or African American | 2,229 | 10.92% |
| Two or more races | 1,275 | 6.24% |
| Asian | 533 | 2.61% |
| Other race | 159 | 0.78% |
| Native American | 23 | 0.11% |
Married
Widowed
Divorced
Separated
Never Married
Frankfort's average per capita income is $84,167. Household income levels show a median of $153,714. The poverty rate stands at 4.42%.
Name | Median | Mean |
|---|---|---|
| Married Families | $182,162 | - |
| Families | $168,963 | $197,202 |
| Households | $153,714 | $180,734 |
| Non Families | $60,101 | $86,976 |
Average Income
Median Household Income
Poverty Rate