Zip 60423 (Frankfort, IL) Economy


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Frankfort, IL is a great place to live with a great atmosphere. Located in Will County, 60423 Frankfort offers plenty of activities, businesses and attractions for its residents and visitors alike. The two bedroom rent in this area is $1,560 compared to the US average of $1,430 while the grocery cost index remains at 100 for both Frankfort and the US overall.
Some local companies in this area include Pinnacle Advertising Group, Crystal Cleaning Solutions, Just Imagine Marketing Group, Paradigm Insurance Agency and Security First Financial Group. Educationally there are several public schools such as Grand Prairie Elementary School District #6, Summit Hill Junior High School District #161 and Lincoln-Way Central High School District #210. For those seeking higher education there are also options such as Lewis University located nearby in Romeoville.
In terms of attractions, 60423 Frankfort has many to offer such as the Old Plank Road Trail State Park which features hiking trails and an abundance of wildlife; Settler's Pond for fishing; The Forge Outdoor Adventures which features ziplining and obstacle courses; Brookfield Zoo which is one of the largest zoos in America; plus many other parks including Breidert Green Park. With so much to do, it's no wonder that 60423 Frankfort is a popular place to live!

Frankfort (zip 60423) has an unemployment rate of 7.1%. The US average is 6.0%.

Frankfort (zip 60423) 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 (zip 60423)
- The Sales Tax Rate for Frankfort (zip 60423) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Frankfort (zip 60423) 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 (zip 60423)
- The average income of a Frankfort (zip 60423) resident is $38,304 a year. The US average is $28,555 a year.
- The Median household income of a Frankfort (zip 60423) resident is $123,776 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFrankfort, IllinoisUnited States
  7.16
  -9.5%-6.2%
  27.9%33.5%
  7.0%6.2%
  5.0%4.6%
  $48,044$37,638
  $123,776$69,021
  $134,893$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  8.6%6.8%
  9.6%10.0%
  3.0%2.5%
  7.7%11.0%
  6.4%4.8%
  0.7%0.8%
  3.0%1.9%
  6.4%4.7%
  1.7%1.9%
  8.8%7.6%
  0.2%0.1%
  3.3%4.2%
  9.7%9.3%
  13.1%14.0%
  1.8%2.1%
  6.1%7.0%
  4.7%4.8%
  5.0%4.7%
Health