Median Income
$161,875
household / year
Median Home Value
$1,027,400
owner-occupied
Median Rent
$1,388
gross / month
Cost of Living
103
national avg = 100

Is Bannockburn, IL a Good Place to Live?

Bannockburn is a small town of 1,065 in Illinois, with a median household income of $161,875 and a 2.2% unemployment rate. Its cost of living index is 103 (US average = 100), which is 3% above the national average.

Strengths: Bannockburn stands out for solid school ratings (A+), a well-educated population, short average commutes.

Trade-offs: Potential downsides include high home prices. Whether Bannockburn is right for you depends on your priorities — the full breakdown is below.

All Bannockburn 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: 102.6

Bannockburn's overall cost of living index is 102.6, where 100 represents the US national average. Living in Bannockburn costs roughly 3% more than the average American city.

Metric Bannockburn, IL National Avg
Median Home Value $1,027,400 $244,900
Median Monthly Rent $1,388 $1,163
Homeownership Rate 85.8% 65.9%
Median Household Income $161,875 $74,755

Crime & Safety

Very Safe

Bannockburn's violent crime rate is 116.6 per 100,000 residents — 69% lower than the national average of ~380 per 100,000.

Violent Crime
116.6 /100k
Property Crime
769.4 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Bannockburn is served primarily by Bannockburn SD 106. The student-to-teacher ratio is 9.1:1 (better than the national average of ~16:1).

Metric Bannockburn, IL National Avg
School District Bannockburn SD 106 —
Elementary Schools 1 —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio 9.1:1 16:1
Bachelor's Degree or Higher 85.7% 35.4%
High School Diploma or Higher 99.6% 91.1%

Weather & Climate

Bannockburn sees average highs of 31.9°F in January and 84.0°F in July, with 39.3 inches of annual precipitation and 33.6 inches of snow per year.

MetricBannockburn, IL
Average High — January31.9°F
Average High — July84.0°F
Annual Precipitation39.3"
Annual Snowfall33.6"

Demographics

MetricBannockburn, ILNational Avg
Population1,065—
Median Age24.938.9
Unemployment Rate2.2%3.7%
Avg Commute Time22.4 min26 min
White (non-Hispanic)74.6%59.3%
Black or African American12.9%13.6%
Hispanic or Latino3.0%18.9%
Asian8.5%6.3%
Under 1814.2%22.2%
65 and over20.8%16.8%

Nearby Cities

Bannockburn vs Other Cities

Frequently Asked Questions

Bannockburn's cost of living index is 103, where 100 is the national average. That puts Bannockburn roughly 3% above the national average in cost. The median home price is $1,027,400 and median rent is $1,388/month.
Bannockburn's violent crime rate is 116.6 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 769.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Bannockburn are operated by Bannockburn SD 106. The district has 1 elementary, several middle, and several high schools. The student-to-teacher ratio is 9.1:1. 85.7% of adults 25+ hold a bachelor's degree or higher.
Bannockburn, IL has a population of 1,065, a median household income of $161,875, and an unemployment rate of 2.2%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Bannockburn averages 31.9°F in January and 84.0°F in July. Annual rainfall is 39.3 inches with about 33.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Bannockburn, Illinois is 1,065 with a median age of 24.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Bannockburn: cost of living index 103 (100 = US average), median home $1,027,400, median household income $161,875, crime index 33 (100 = US average, lower is safer), schools rated A+. Whether these are benefits or drawbacks depends on where you're coming from — compare Bannockburn side by side with your current city to see the trade-offs.