Franklin Park, Illinois Population

Franklin Park, Illinois has a population of 18,341, with a median household income of $62,450.

Current population data for Franklin Park.

18,341

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Population

18,341

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Median Income

$62,450

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Unemployment

6.40%

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Housing Price

$245,200

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Crime Rate

24.50

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Internet Speed

500.00 Mbps

Franklin Park is a small local community located in Illinois. The city has a population that is above the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Franklin Park is a notable city in Illinois, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Franklin Park has a population of 18,341, which is higher than the state average. This indicates a relatively larger urban presence within Illinois.

Income and Economy

The median household income in Franklin Park is $62,450, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Franklin Park is about $245,200, making it relatively affordable compared to many cities in Illinois.

Employment and Safety

The unemployment rate in Franklin Park is 6.40%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Franklin Park are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Illinois, Franklin Park shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Franklin Park continues to play a role in shaping regional trends in Illinois, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Franklin Park

What is the population of Franklin Park?

The population of Franklin Park is approximately 18,341.

Is Franklin Park a good place to live?

Franklin Park offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Franklin Park?

The median household income in Franklin Park is around $62,450.

How expensive is housing in Franklin Park?

The average housing price in Franklin Park is approximately $245,200.