Frankfort Square, IL Cost Of Living
Cost Of Living In Frankfort Square, IL Summary
Cost of living in Frankfort Square research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Frankfort Square is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Frankfort Square is 108, with 100 being the average.
The cost of living index in Frankfort Square is 1.1x higher than the national average.
Frankfort Square ranks as the #201 cheapest in Illinois out of 336.
Frankfort Square ranks as the #3,467 cheapest out of 6,489 in the US.
The median home value in Frankfort Square is $319,272.
The median income in Frankfort Square is $126,953.
Table Of Contents
Frankfort Square's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Frankfort Square, IL?
According to the most recent data on the cost of living, Frankfort Square has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Illinois, Frankfort Square has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Frankfort Square ranks as #201 most affordable out of the 336 places we measured in Illinois. By definition, that implies Frankfort Square ranks as the #135 most expensive place in the Prairie State.
For more reading on life in Frankfort Square, check out:
In Illinois
In America
Frankfort Square Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Frankfort Square. Here is how it fairs on each of the criteria:
The Services index in Frankfort Square is 107.
The Groceries index in Frankfort Square is 96.
The Health index in Frankfort Square is 100.
The Housing index in Frankfort Square is 131.
The Transportation index in Frankfort Square is 115.
The Utilities index in Frankfort Square is 82.
| Living Expense | Frankfort Square | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 108 | 97 | 100 | |
| Services | 107 | 95 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 100 | 93 | 100 | |
| Housing | 131 | 95 | 100 | |
| Transportation | 115 | 102 | 100 | |
| Utilities | 82 | 91 | 100 | |
Frankfort Square, 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 2019-2023. The key points are:
The Median Home Value in Frankfort Square is $319,272.
The Median Rent in Frankfort Square is $1,511.
The Median Income in Frankfort Square is $126,953.
The Home Value To Income in Frankfort Square is 2.5x.
The Rent To Monthly Income in Frankfort Square is 0.14x.
| Statistic | Frankfort Square | Illinois | United States |
|---|---|---|---|
| Median Home Value | $319,272 | $283,508 | $303,400 |
| Median Rent | $1,511 | $1,227 | $1,348 |
| Median Income | $126,953 | $81,702 | $78,538 |
| Home Value To Income | 2.5x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Frankfort Square, IL Costs By Category
Detailed Frankfort Square Services Costs Vs. Illinois
| Item | Frankfort Square | Illinois |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $9.99 | $12.13 |
| Bowling | $16.0 | $18 |
| Haircut | $19.72 | $24.26 |
| Beauty Salon | $37.22 | $45.56 |
Detailed Frankfort Square Groceries Costs Vs. Illinois
| Item | Frankfort Square | Illinois |
|---|---|---|
| Ground Beef | $5.94 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.08 | $4.93 |
| Pizza | $10.69 | $12.09 |
| Beer | $9.61 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Frankfort Square Health Costs Vs. Illinois
| Item | Frankfort Square | Illinois |
|---|---|---|
| Optometrist | $86.67 | $125.68 |
| Doctor | $110.0 | $135.78 |
| Dentist | $82.0 | $113.29 |
Detailed Frankfort Square Transportation Costs Vs. Illinois
| Item | Frankfort Square | Illinois |
|---|---|---|
| Gasoline | $3.52 | $3.46 |
| Tire Balancing | $45.0 | $59.92 |
Detailed Frankfort Square Utilities Costs Vs. Illinois
| Item | Frankfort Square | Illinois |
|---|---|---|
| All Electricity | $156.87 | $193.99 |
| Phone | $198.03 | $192.25 |
Frankfort Square SnackAbility
/10
Cost Of Living In Cities Around Frankfort Square
The cost of living varies in the cities and towns around Frankfort Square. 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 113, 1.0x Frankfort Square.
Tinley Park, IL has a cost of living index of 109, 1.0x Frankfort Square.
Woodridge, IL has a cost of living index of 115, 1.1x Frankfort Square.
| City | Population | Cost Of Living | Vs. Frankfort Square |
|---|---|---|---|
| Orland Park, IL | 57,961 | 113 | 1.0x |
| Tinley Park, IL | 55,007 | 109 | 1.0x |
| Woodridge, IL | 33,889 | 115 | 1.1x |
| Oak Forest, IL | 26,888 | 105 | 1.0x |
| Darien, IL | 21,855 | 121 | 1.1x |
| Frankfort, IL | 20,417 | 128 | 1.2x |
| Mokena, IL | 19,906 | 118 | 1.1x |
| Matteson, IL | 18,681 | 104 | 1.0x |
| Lemont, IL | 17,643 | 126 | 1.2x |
| Country Club Hills, IL | 16,419 | 98 | 0.9x |
