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Demographics
Population
Median Income
Racial Distributions
Frankfort, Illinois, is characterized as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 79% of the total population. The city's median income in 2022 was $131,009, indicating an affluent community.
Over the past decade, Frankfort has maintained its status as a Low Diversity community with a White Majority. However, there are indications of a gradual shift towards increased diversity. The white population has decreased from 87% in 2013 to 79% in 2022. The black population has increased from 6% to 10% during the same period. The Hispanic population has doubled from 3% to 6%. Asian and multiracial populations have also shown slight increases.
The median income in Frankfort has shown an upward trend, rising from $121,426 in 2013 to $131,009 in 2022, with a peak of $141,039 in 2021. This increase in median income correlates with the gradual diversification of the community. The population has grown steadily, from 22,389 in 2013 to 25,011 in 2022, an increase of about 11.7%.
The trends in Frankfort appear to align with patterns seen in many suburban areas across the United States. Many affluent suburbs have been experiencing gradual increases in diversity, often driven by upwardly mobile minority families seeking better educational opportunities and quality of life.
Based on the observed trends, Frankfort is likely to continue its gradual transition towards greater diversity over the next decade. It is expected that the white majority will continue to decrease, potentially dropping below 75% in the next 5-10 years. Further increases in black, Hispanic, and Asian populations are anticipated. The community may transition from Low Diversity to Moderate Diversity within the next 10-15 years if current trends continue. Sustained high median incomes are expected, potentially with slight increases as the community attracts more diverse, high-earning professionals.
These changes may lead to increased demand for diverse businesses and services, and potentially some shifts in local politics and community priorities. However, the gradual nature of these changes suggests that Frankfort is likely to maintain its overall character as an affluent suburban community while slowly becoming more representative of the broader American demographic landscape.