Frankfort, IL
20,651Residents
$154,375Median household income
$2,442/moMedian gross rent
$481,200Median home value
42.2Median age
59%Adults with a bachelor’s degree or higher
95%Homes lived in by their owners
3.1×Home value to household income
Median rent takes about 19% of the median household income in Frankfort.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $98,000 a year. In Illinois that leaves roughly $6,077 a month after tax. See the full paycheck breakdown for $100,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.