Frankfort Square, IL is a vibrant and diverse community located about 40 miles southwest of the city of Chicago. This area has a cost of living index that rivals that of the US as a whole, with a 2-bedroom rent price of $1,610 compared to the national average of $1,430. Grocery costs are also similar to what you'd find in other parts of the country at 100 on the Cost Index.
People in this community enjoy access to a number of local businesses; there's Frankfort Square Family Dental and Frankfort Square Automotive for those needing medical or car-related services. For shopping needs, residents can visit Walmart Supercenter and Jewel-Osco grocery store. Other popular businesses include Panera Bread, KFC, and McDonald's for food options, plus plenty of local restaurants offering unique cuisine from around the world. With its prime location near Chicago and excellent selection of amenities and services offered within the town itself, Frankfort Square is an ideal place to call home.
Frankfort Square has an unemployment rate of 7.1%. The US average is 6.0%.
Frankfort Square has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Frankfort Square
- The Sales Tax Rate for Frankfort Square is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Frankfort Square is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frankfort Square
- The average income of a Frankfort Square resident is $30,209 a year. The US average is $28,555 a year.
- The Median household income of a Frankfort Square resident is $117,625 a year. The US average is $69,021 a year.