Living in Banner, Illinois
Cost of living, income, home prices, rent and demographics of Banner · Census data 2020–2024
Banner has 157 residents with a median age of 47.9. The median household income is $52,917 (37% lower than the Illinois median), the median home value is $101,600, the median rent is $775/month.
Banner is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Banner at a glance
- Population
- 157
- Median age
- 47.9State: 39
- Median household income
- $52,917State: $83,390
- Median home value
- $101,600State: $263,300
- Median rent
- $775/moState: $1,274
- Homeowners
- 76.1%
- Bachelor's degree or higher
- 10.7%
- Average commute
- 39 min
Is Banner a good place to live?
Pros: Home values 61% lower than the state median; unemployment of 5.8%.
Cons: Median household income 37% lower than the Illinois median; an average commute of 39 minutes; a poverty rate of 25.8%.
The weather is best in May and August to October.
Cost of living in Banner
Housing is the biggest part of the cost of living. In Banner the median home value is $101,600, 69% lower than the U.S. median. Renters pay a median of $775 per month, which is 35% of household income. Homeowners with a mortgage pay $1,057 a month in housing costs.
Banner median household income
The median household income in Banner is $52,917 and the income per person is $28,321. 25.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Banner: homes for sale and rent
- Housing units
- 70
- Owner-occupied
- 76.1%
- Renter-occupied
- 23.9%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.34
Banner demographics
- Population
- 157
- Median age
- 47.9
- Under 18
- 22.3%
- 65 and older
- 25.5%
- Households
- 67
- Foreign-born
- 0%
- Veterans
- 10.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Banner ›
Education in Banner
10.7% of adults 25 and older in Banner have a bachelor's degree or higher (Illinois: 37.8%), and 6.3% have a graduate or professional degree.
Jobs and commute in Banner
- Unemployment rate
- 5.8%State: 5.8%
- Average commute
- 39 minState: 28 min
- Work from home
- 7.7%
- Drive alone
- 78.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 76.1%
Banner vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Banner | 157 | $52,917 | $101,600 | $775 |
| Dunfermline | 314 | $70,833 | $119,300 | $950 |
| Glasford | 720 | $77,500 | $102,800 | $620 |
| Canton | 13,144 | $53,254 | $107,100 | $766 |
| St. David | 383 | $54,583 | $65,400 | $1,125 |
| Kingston Mines | 182 | $51,875 | $75,000 | $575 |
| Goofy Ridge | 125 | $38,750 | $54,300 | — |
| Manito | 1,692 | $71,920 | $112,600 | $741 |
| Norris | 303 | $44,844 | $63,100 | $863 |
More for people moving to Banner
Banner ZIP code ›Weather and climate ›Living in Banner: FAQ
What is the median household income in Banner, IL?
The median household income in Banner is $52,917, 37% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Banner?
The median home value in Banner is $101,600, compared with $263,300 in Illinois.
How much is rent in Banner?
The median gross rent in Banner is $775 per month, about 35% of household income.
Is Banner, IL a good place to live?
Pluses: home values 61% lower than the state median; unemployment of 5.8%. Minuses: median household income 37% lower than the Illinois median; an average commute of 39 minutes; a poverty rate of 25.8%.
What is the median age in Banner?
The median age in Banner is 47.9 years (Illinois: 39).
How long is the commute in Banner?
The average commute to work in Banner is 39 minutes; 7.7% of workers work from home.
What is the unemployment rate in Banner?
The unemployment rate in Banner is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Banner?
10.7% of adults in Banner have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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