Living in Bannockburn, Illinois
Cost of living, income, home prices, rent and demographics of Bannockburn · Census data 2020–2024
Bannockburn has 1,148 residents with a median age of 31.4. The median household income is $214,000 (157% higher than the Illinois median), the median home value is $1,037,200.
Bannockburn is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bannockburn at a glance
- Population
- 1,148
- Median age
- 31.4State: 39
- Median household income
- $214,000State: $83,390
- Median home value
- $1,037,200State: $263,300
- Homeowners
- 96.6%
- Bachelor's degree or higher
- 90%
- Average commute
- 22 min
Is Bannockburn a good place to live?
Pros: Median household income 157% higher than the Illinois median; an average commute of 22 minutes; unemployment of 1.8%; a poverty rate of 5.1%.
Cons: Home values 294% higher than the state median.
The weather is best in June to September.
Cost of living in Bannockburn
Housing is the biggest part of the cost of living. In Bannockburn the median home value is $1,037,200, 212% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $4,001 a month in housing costs.
Bannockburn median household income
The median household income in Bannockburn is $214,000 and the income per person is $88,586. 5.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Bannockburn: homes for sale and rent
- Housing units
- 268
- Owner-occupied
- 96.6%
- Renter-occupied
- 3.4%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.64
Bannockburn demographics
- Population
- 1,148
- Median age
- 31.4
- Under 18
- 16.2%
- 65 and older
- 22.2%
- Households
- 268
- Foreign-born
- 16.4%
- Veterans
- 1.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Bannockburn ›
Education in Bannockburn
90% of adults 25 and older in Bannockburn have a bachelor's degree or higher (Illinois: 37.8%), and 46.2% have a graduate or professional degree.
Jobs and commute in Bannockburn
- Unemployment rate
- 1.8%State: 5.8%
- Average commute
- 22 minState: 28 min
- Work from home
- 27.7%
- Drive alone
- 40.1%
- Public transit
- 2.8%
- Walk to work
- 26.2%
- Homes with broadband
- 99.3%
Bannockburn vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bannockburn | 1,148 | $214,000 | $1,037,200 | — |
| Riverwoods | 4,013 | $249,205 | $800,700 | $1,842 |
| Deerfield | 19,518 | $181,660 | $623,400 | $2,482 |
| Lincolnshire | 7,980 | $185,580 | $677,700 | $2,858 |
| Lake Forest | 19,416 | $235,081 | $938,300 | $1,815 |
| Highwood | 5,301 | $107,875 | $405,400 | $1,900 |
| Highland Park | 30,398 | $168,094 | $607,300 | $1,925 |
| Mettawa | 663 | $181,333 | $871,500 | — |
| Northbrook | 34,585 | $157,782 | $652,300 | $2,463 |
More for people moving to Bannockburn
Bannockburn ZIP code ›Weather and climate ›Living in Bannockburn: FAQ
What is the median household income in Bannockburn, IL?
The median household income in Bannockburn is $214,000, 157% higher 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 Bannockburn?
The median home value in Bannockburn is $1,037,200, compared with $263,300 in Illinois.
Is Bannockburn, IL a good place to live?
Pluses: median household income 157% higher than the Illinois median; an average commute of 22 minutes; unemployment of 1.8%; a poverty rate of 5.1%. Minuses: home values 294% higher than the state median.
What is the median age in Bannockburn?
The median age in Bannockburn is 31.4 years (Illinois: 39).
How long is the commute in Bannockburn?
The average commute to work in Bannockburn is 22 minutes; 27.7% of workers work from home.
What is the unemployment rate in Bannockburn?
The unemployment rate in Bannockburn is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bannockburn?
90% of adults in Bannockburn 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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