Franklin Grove village, Illinois Demographics & Population 2026

Population Overview

Franklin Grove village is a small community located in Illinois. The total population is 1,086. It ranks as the 676th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Franklin Grove village is 41.5 years. This is 7% higher than the state median of 38.9 years. 14.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Franklin Grove village is $60,833. This is 26% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 23% lower. The poverty rate stands at 11.3%. This is 4% lower than the state poverty rate of 11.7%. The unemployment rate is 1.3%. This is 78% lower than the state rate of 5.8%. The median home value is $136,800. Housing costs are 45% lower than the state median of $250,500. With a home-value-to-income ratio of just 2.2x, Franklin Grove village is one of the most affordable housing markets in the area. 66.1% of occupied housing units are owner-occupied. This homeownership rate is 1% lower than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Franklin Grove village is White (non-Hispanic), making up 82.2% of the population. Hispanic or Latino residents account for 12.6%. The Black or African American population (0.4%) is well below the state average of 13.6%. The Asian population (0.2%) is well below the state average of 5.8%.

Education

19.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 49% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.9%.

Data Sources & Methodology

All demographic data for Franklin Grove village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.