Franklin Grove, IL population, income and ZIP codes

Franklin Grove village is a small town in Illinois, with 1,086 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #676 of 1,462 ranked by population — larger than 53% of them. The median age here is 41.5 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Franklin Grove village earn a median of $60,833 a year, 22.5% below the national figure of $78,538 and 18% below the $74,244 median for the 698 Illinois cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 11.3% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Franklin Grove village is valued at $136,800, 54.9% below the national figure and 24% below the $179,100 peer median, while median gross rent runs $850 a month, 39.5% below the national figure, or roughly $10,200 across a full year. A household on the local median income would put about 16.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 66.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.