Median Income
$40,000
household / year
Median Home Value
$86,300
owner-occupied
Median Rent
$721
gross / month
Cost of Living
89
national avg = 100

Is Banner, IL a Good Place to Live?

Banner is a small town of 152 in Illinois, with a median household income of $40,000 and a 6.6% unemployment rate. Its cost of living index is 89 (US average = 100), which is 11% below the national average.

Strengths: Banner stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include longer commutes, an elevated unemployment rate. Whether Banner is right for you depends on your priorities — the full breakdown is below.

All Banner city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 88.6

Banner's overall cost of living index is 88.6, where 100 represents the US national average. Living in Banner costs roughly 11% less than the average American city.

Metric Banner, IL National Avg
Median Home Value $86,300 $244,900
Median Monthly Rent $721 $1,163
Homeownership Rate 83.8% 65.9%
Median Household Income $40,000 $74,755

Crime & Safety

Crime data for Banner is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Banner, IL National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 3.6% 35.4%
High School Diploma or Higher 88.4% 91.1%

Weather & Climate

Banner sees average highs of 33.6°F in January and 86.3°F in July, with 39.5 inches of annual precipitation and 14.4 inches of snow per year.

MetricBanner, IL
Average High — January33.6°F
Average High — July86.3°F
Annual Precipitation39.5"
Annual Snowfall14.4"

Demographics

MetricBanner, ILNational Avg
Population152—
Median Age47.338.9
Unemployment Rate6.6%3.7%
Avg Commute Time69.9 min26 min
White (non-Hispanic)94.7%59.3%
Black or African American0.0%13.6%
Hispanic or Latino1.3%18.9%
Asian0.0%6.3%
Under 1825.0%22.2%
65 and over28.9%16.8%

Nearby Cities

Dunfermline, IL 6 mi Glasford, IL 7 mi Canton, IL 7 mi St. David, IL 7 mi Kingston Mines, IL 8 mi

Banner vs Other Cities

Banner, IL vs Dunfermline, IL Banner, IL vs Glasford, IL Banner, IL vs Canton, IL Banner, IL vs St. David, IL Banner, IL vs Kingston Mines, IL

Frequently Asked Questions

Banner's cost of living index is 89, where 100 is the national average. That makes Banner roughly 11% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $86,300 and median rent is $721/month.
Crime data for Banner is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Banner, IL has a population of 152, a median household income of $40,000, and an unemployment rate of 6.6%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Banner averages 33.6°F in January and 86.3°F in July. Annual rainfall is 39.5 inches with about 14.4 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Banner, Illinois is 152 with a median age of 47.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Banner: cost of living index 89 (100 = US average), median home $86,300, median household income $40,000. Whether these are benefits or drawbacks depends on where you're coming from — compare Banner side by side with your current city to see the trade-offs.