Banner, IL
Population 148 · Illinois
About Banner, IL
Banner is a small community located in Illinois with a population of 148 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,250 per year, which is 52% below the national median of $75,149. The median age of 52.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Banner features a median home value of $90,000, which is 63% below the national median of $244,900. This makes Banner one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $708, 39% below the national average of $1,163/month. Of the 74 total housing units, 76% are owner-occupied (48 units) and 24% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Banner shows an unemployment rate of 9.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 37.8%, above the national average of 12.4%. Workers in Banner have an average one-way commute time of 47.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
4.4% of Banner residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 4.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Banner, IL
Compared to national averages, Banner has a median household income of $36,250 (52% below the national median of $75,149). Home values average $90,000, which is 63% below the national median. Monthly rent at $708 is 39% below the US average of $1,163. Within Illinois, Banner's income is 52% below the state average of $75,072, and home values are 46% below the state median of $165,779.
Why Live in Banner, IL?
Banner offers affordable housing with a median home value of $90,000, below the US average of $244,900, and rent that’s lower than the national average at $708/month.
Potential considerations include median household income ($36,250) that falls below the national average. However, Banner’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Banner has a population of 148 with a median age of 52.6 years. Compare Banner with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Banner
Cities in Illinois with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Banner With Other Cities
Frequently Asked Questions about Banner
What is the population of Banner, IL?
The population of Banner, IL is 148 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Banner?
The median household income in Banner, IL is $36,250 per year, which is 52% below the national median of $75,149.
What is the median home value in Banner?
The median home value in Banner, IL is $90,000, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Banner?
The median monthly rent in Banner, IL is $708, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Banner?
The unemployment rate in Banner, IL is 9.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Banner, IL a good place to live?
Banner offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 148 and a median age of 52.6, the city appeals to established professionals and retirees.
How educated is Banner, IL?
4.4% of residents in Banner aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Banner?
Key cost-of-living indicators for Banner, IL: median home value is $90,000 (63% below national), median rent is $708/month, and median household income is $36,250. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Banner?
The poverty rate in Banner, IL is 37.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Banner, IL?
Banner's population is 0.0% White, 4.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.