Frankfort is a village in Will and Cook counties, Illinois, United States. According to Forbes.com, in 2007 the village ranked as the 36th fastest growing suburb in the United States. The name “Frankfort” was taken from Frankfort Township as designated by the governing board of Will County. It was commonly known as “Frankfort Station” after the opening of the Joliet & Northern Indiana Railroad through the township in 1855, though the official plat of the community dated March 1855 shows the name as “Frankfort”.
The median income for a household in the village was $83,055, and the median income for a family was $89,645. Males had a median income of $66,147 versus $36,179 for females. The per capita income for the village was $33,968. About 1.9% of families and 2.3% of the population were below the poverty line, including 1.6% of those under age 18 and 3.3% of those age 65 or over. According to Money Magazine’s “Best Places to Live 2011”; Frankfort is estimated to have a population of 17,594, a median family income of $116,611, and a median home price of $296,250.
Frankfort is home to Lincoln-Way East High School and Lincoln-Way North High School. Lincoln-Way East High School has won state championships in Football (2005), Girls Softball (2002), Boys Gymnastics (2006, 2011), Summer League Baseball, and Marching Band (2007, 2008). Lincoln-Way North has a state championship in Boys Gymnastics (2011) and Summer League Baseball (2011).