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The total population of Franklin Grove is estimated to be 1,102 with 499 males (45.28%) and 603 females (54.72%). There are 104 more females than males in Franklin Grove.
The median household income in Franklin Grove was $54,372 in 2021, which marked an an increase of 2,157(4.13%) from $52,215 in 2020. This income is 72.88% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Franklin Grove sees its highest median household income among householders in the age group of 25 to 44 years old, at $84,928. Overall, the median household income for the village of Franklin Grove stands at $54,372.
In Franklin Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $44,019 for males and $21,864 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,207 for males and $36,616 for females.
In Franklin Grove, population is primarily represented by White households, reporting a median income of $53,708.
In 2022, the population of Franklin Grove was 888, a 1.22% decrease year-by-year from 2021. Previously, in 2021, Franklin Grove's population was 899, an increase of 0.11% compared to a population of 898 in 2020.
The median age in Franklin Grove, IL is 41.4, as per 2021 ACS 5-Year Estimates. Of the total population, 20.54% were under the age of 15, 19.54% aged 15 to 29, 32.94% aged 30 to 64, 19.25% aged 65 to 84, and 7.74% were 85 years of age and older.
Racial distribution of Franklin Grove population: 91.47% are White, 0.20% are Black or African American, 0.20% are Asian, 0.10% are some other race and 8.04% are multiracial.