Frankfort receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
Frankfort
Elgin
Opportunity
45 · Bottom 26%
vs42 · Bottom 21%
Growth
51 · Top 49%
vs31 · Bottom 18%
Climate
63 · Bottom 25%
vs60 · Bottom 15%
Physical resilience
82 · Top 20%
vs76 · Top 30%
Housing affordability
96 · Top 16%
vs100 · Top 9%
Schools
90 · Top 4%
vs25 · Bottom 17%
Access
89 · Bottom 39%
vs89 · Bottom 40%
Economic stability
75 · Top 16%
vs70 · Top 30%
Measured values
| Metric | Frankfort | Elgin | Source period |
|---|---|---|---|
| Population | 20,651 | 114,934 | 2024 ACS 5-Year |
| Median household income | $154,375 | $90,282 | 2024 ACS 5-Year |
| Per capita income | $62,793 | $37,057 | 2024 ACS 5-Year |
| Population density | 1,323/sq mi | 3,011/sq mi | 2024 ACS 5-Year |
| Median home value | $481,200 | $273,000 | 2024 ACS 5-Year |
| Median gross rent | $2,442 | $1,361 | 2024 ACS 5-Year |
| Homeownership rate | 94.8% | 71.9% | 2024 ACS 5-Year |
| Unemployment rate | 5.4% | 4.7% | June 2026 |
| Employment change (year over year) | -3.0% | -2.2% | June 2026 |
| Bachelor's degree or higher | 59.3% | 27.0% | 2024 ACS 5-Year |
| Poverty rate | 3.2% | 9.8% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 71 | 184 | 12 months ending July 2026 |
| Permits per 1,000 residents | 3.4 | 1.6 | 12 months ending July 2026 |
| Permit change (year over year) | -42.3% | -48.5% | 12 months ending July 2026 |
| Average July high | 85°F | 84°F | 1991-2020 Normals |
| Average January low | 19°F | 16°F | 1991-2020 Normals |
| Annual precipitation | 34.4" | 33.2" | 1991-2020 Normals |
| Distance to major airport | 25 mi | 22 mi | NASR current cycle |
| Average commute | 37.2 min | 30.9 min | 2024 ACS 5-Year |
| Median age | 42.2 | 36.7 | 2024 ACS 5-Year |
| Public schools | 10 | 30 | 2024-25 school year |
| Students per teacher | 14.70 | 15.79 | 2024-25 school year |
| Math proficiency | 55.5% | 13.8% | 2019-20 school year |
| Reading proficiency | 61.4% | 13.3% | 2019-20 school year |
| Free or reduced-price lunch eligibility | 23.6% | 61.1% | 2024-25 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Full profiles: Frankfort, IL · Elgin, IL · How this is calculated: methodology