Bannockburn, IL
Population 1,125 · Illinois
About Bannockburn, IL
Bannockburn is a small community in Illinois with a population of 1,125 residents. The median household income is $195,625 per year, which is above the national average. The median age in Bannockburn is 31 years.
Housing in Bannockburn has a median home value of $1,110,800 and median monthly rent of $0. Of the 257 total housing units, the majority are owner-occupied, with 227 owner-occupied and 30 renter-occupied units.
The unemployment rate in Bannockburn is 1.9% and the poverty rate is 3.2%. 86.7% of residents hold a bachelor's degree or higher. The average commute time is 21.8 minutes.
How Bannockburn Ranks in Illinois
Cost of Living in Bannockburn, IL
Compared to national averages, Bannockburn has a median household income of $195,625 (160% above the national median of $75,149). Home values average $1,110,800, which is 354% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Bannockburn's income is 161% above the state average of $75,072, and home values are 570% above the state median of $165,779.
Why Live in Bannockburn, IL?
Bannockburn offers a strong local economy with a median household income of $195,625, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a well-educated community where 86.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.2%, better than the national average, and short commute times averaging just 21.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,110,800. However, Bannockburn’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bannockburn has a population of 1,125 with a median age of 31 years. Compare Bannockburn with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Bannockburn
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Central City | 1,123 | $47,750 | $43,900 | Compare |
| East Hazel Crest | 1,122 | $57,000 | $168,800 | Compare |
| Bull Valley | 1,121 | $185,417 | $460,700 | Compare |
| Homer | 1,130 | $75,833 | $125,700 | Compare |
| Lovington | 1,120 | $54,394 | $90,400 | Compare |
| Mendon | 1,131 | $62,778 | $108,500 | Compare |
| Assumption | 1,117 | $55,764 | $72,100 | Compare |
| Marissa | 1,133 | $48,393 | $87,000 | Compare |
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.
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Frequently Asked Questions about Bannockburn
What is the population of Bannockburn, IL?
The population of Bannockburn, IL is 1,125 according to the latest Census data.
What is the median household income in Bannockburn?
The median household income in Bannockburn, IL is $195,625 per year.
What is the median home value in Bannockburn?
The median home value in Bannockburn, IL is $1,110,800.
What is the average rent in Bannockburn?
The median monthly rent in Bannockburn, IL is $0.
What is the unemployment rate in Bannockburn?
The unemployment rate in Bannockburn, IL is 1.9%.