What is the cost of living in Frankfort, IL?
According to the most recent data on the cost of living, Frankfort has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Illinois, Frankfort has a cost of living index that's 1.3x higher than Illinois's index of 98.
The standard of living in Frankfort ranks as #306 most affordable out of the 336 places we measured in Illinois. By definition, that implies Frankfort ranks as the #30 most expensive place in the Prairie State.
For more reading on life in Frankfort, check out:
Frankfort Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Frankfort. Here is how it fares on each of the criteria:
The Services index in Frankfort is 102.
The Groceries index in Frankfort is 101.
The Health index in Frankfort is 195.
The Housing index in Frankfort is 107.
The Transportation index in Frankfort is 103.
The Utilities index in Frankfort is 104.
| Living Expense | Frankfort | Illinois | National Average |
|---|---|---|---|
| Overall | 130 | 98 | 100 |
| Services | 102 | 99 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 195 | 96 | 100 |
| Housing | 107 | 101 | 100 |
| Transportation | 103 | 99 | 100 |
| Utilities | 104 | 101 | 100 |
Frankfort Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Frankfort Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Frankfort, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Frankfort is $487,132.
The Median Rent in Frankfort is $2,442.
The Median Income in Frankfort is $154,375.
The Home Value To Income in Frankfort is 3.2x.
The Rent To Monthly Income in Frankfort is 0.19x.
Frankfort, IL Costs By Category
Detailed Frankfort Services costs vs. Illinois
Detailed Frankfort Groceries costs vs. Illinois
Detailed Frankfort Health costs vs. Illinois
Detailed Frankfort Transportation costs vs. Illinois
Frankfort SnackAbility
Cost Of Living In Cities Around Frankfort
The cost of living varies in the cities and towns around Frankfort. Here's a quick look at the cost of living in the most populous nearby places:
Orland Park, IL has a cost of living index of 114, 0.9x Frankfort.
Tinley Park, IL has a cost of living index of 111, 0.9x Frankfort.
New Lenox, IL has a cost of living index of 115, 0.9x Frankfort.
| City | Population | Cost Of Living | Vs. Frankfort |
|---|---|---|---|
| Orland Park, IL | 57,916 | 114 | 0.9x |
| Tinley Park, IL | 54,842 | 111 | 0.9x |
| New Lenox, IL | 28,006 | 115 | 0.9x |
| Oak Forest, IL | 26,805 | 106 | 0.8x |
| Darien, IL | 21,879 | 120 | 0.9x |
| Mokena, IL | 20,021 | 117 | 0.9x |
| Matteson, IL | 18,645 | 102 | 0.8x |
| Lemont, IL | 17,820 | 123 | 0.9x |
| Country Club Hills, IL | 16,324 | 99 | 0.8x |
| Richton Park, IL | 12,521 | 98 | 0.8x |
