CitytisticsShortlist

Cost of living, pay and housing

42.19° N · 87.87° W · GEOID 1703610

Bannockburn

Lake County, Illinois · part of the Chicago, IL metro

Limited data population under 5,000

IllinoisBannockburn, ILBannockburnBannockburn

The short answer

Bannockburn is home to 1,148 people. Median household income is $214,000 a year and median rent is $1,388 a month, 7.8% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $1,037,200, about 4.8x annual median household income.

Median gross rent
$1,388
2% above the median place
Median household income
$214,000
167% above the median place
Median home value
$1,037,200
225% above the median place
Unemployment
5.2%
6% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Bannockburn

  • Owning with a mortgage costs about $2,613 a month more than the median rent, a wider gap than in 99% of the 2,469 places under 10,000 people we track. It is the highest of 335 Illinois places.
  • 90% of adults hold a bachelor's degree or higher, a larger share than in 99% of places its size. It is the highest of 335 Illinois places.
  • The median rent takes only 7.8% of the median household's income, a smaller share than in 99% of places its size. It is the 2nd-lowest of 335 Illinois places.
  • Household income has grown 12.7% a year across the last five survey releases, faster than in 97% of places its size. It is the 2nd-highest of 335 Illinois places.
  • Public schools here have 9.2 students per teacher, fewer than in 97% of places its size. It is the 3rd-lowest of 313 Illinois places.

Rent is light relative to pay, but the county has a FEMA natural hazard risk score of 96 out of 100. Budget for insurance before counting the savings.

Many people here skip the commute entirely: 28% work from home, which keeps total commuting time lower than in 87% of places.

01

Moving to Bannockburn

Lake County loses about 5.1 residents per 1,000 a year to moves between counties.

Moved in26,531
Moved out29,677
Net−3,146

Where people come from and where they go, top counties

Within Illinois, other states or abroad

Arrivals
Leavers
Within IllinoisOther statesAbroad

Income per tax return

Arrivals$134K
Leavers$120K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Lake County; flows under 20 returns are not published.

Who moves here
21.7% of residents arrived from another county in the past year, 8.8% from another state.
Who arrives and who leaves
Households moving into Lake County report $134,400 a year in income on average; those leaving, $120,100, so newcomers earn more than leavers.
Income you would need
$55,500 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,388 a month; owners with a mortgage pay $4,001 a month including taxes and insurance, on a median home of $1,037,200.
Getting to work
22 minutes each way on average; 27.7% work from home; 2.7% take transit.
If it is close but not quite
Mantua, VA matches it on character. Compare the two
Moved here in the past year1
21.7%
279% above the median place
Moved from another state1
8.8%
344% above the median place
Income of households moving in8
$134,445
90% above the median place
All 5 moving measures
MeasureBannockburnAmong 6,645 placesVs median
Moved here in the past year121.7%279% above
Moved from another state18.8%344% above
Net movers per 1,000 people8County figure-5.1below (median -0.6)
Income of households moving in8County figure$134,44590% above
Income of households moving out8County figure$120,06871% above
02

What it costs to live here

Vacant homes is 0.0%, below the median place (median 7.1%).

Bannockburn7.8%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$55,520
a year, at the 30% line
Rent to income
7.8%
62% below the median place
Home price to income
4.8x
28% above the median place

Could you afford it?

The median rent would take
8%
comfortably under the 30% line
Left after rent, in US prices
$193,700
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Bannockburn, $1,388 a month, and local prices for everything else (101.9 against a US average of 100). It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in Bannockburn.

Sponsored · exampleMoving to Bannockburn? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Vacant homes1
0.0%
below the median place (median 7.1%)
Homeownership1
96.6%
46% above the median place
Median home value1
$1,037,200
225% above the median place
All 15 cost and housing measures
MeasureBannockburnAmong 6,645 placesVs median
Median gross rent1$1,3882% above
Rent to income17.8%62% below
Home price to income14.8x28% above
Prices vs US average2Metro figure103.63% above
Fair market rent, 2 bedrooms3County figure$2,01125% above
HUD area median income4County figure$121,50013% above
Property tax paid (median)1$10,001206% above
Median home value1$1,037,200225% above
Home prices, 1-year change5County figure6.7%111% above
Home prices, 5-year change5County figure54.1%5% above
Homeownership196.6%46% above
Renters paying 30%+1County figure49.3%3% below
Owner costs with a mortgage1$4,001114% above
Vacant homes10.0%below (median 7.1%)
Median year built119681% below
03

Work and pay

Median household income is $214,000, 167% above the median place.

Median household income1
$214,000
167% above the median place
Income per person1
$88,586
121% above the median place
Works from home1
27.7%
122% above the median place
All 10 work and pay measures
MeasureBannockburnAmong 6,645 placesVs median
Median household income1$214,000167% above
Income per person1$88,586121% above
Unemployment1County figure5.2%6% above
Average annual pay6County figure$92,73341% above
Pay growth, 1 year6County figure1.9%49% below
Jobs6County figure325,826116% above
Poverty rate1County figure8.3%23% below
Mean commute122 min11% below
Works from home127.7%122% above
Commutes by transit1County figure2.7%218% above
04

Who lives here

Bachelor's or higher is 90.0%, 181% above the median place.

Bachelor's or higher1
90.0%
181% above the median place
Homes with broadband1
99.3%
8% above the median place
High school or higher1
99.1%
7% above the median place

More about who lives here, against the typical place

Median age31.4 −19%
Born abroad16.4% +86%
Household size2.6 +6%
All 9 people measures
MeasureBannockburnAmong 6,645 placesVs median
Population11,1486646th largest
Population change since 20207-5.8%below (median 1.1%)
Median age131.419% below
Bachelor's or higher190.0%181% above
High school or higher199.1%7% above
Household size12.66% above
Born abroad116.4%86% above
No health insurance1County figure6.9%8% above
Homes with broadband199.3%8% above
05

Life in Bannockburn

96 sites are on the National Register of Historic Places, 2 of them National Historic Landmarks.

Out the door, against the typical place

Parks per 10k residents17.4 +71%
Playgrounds per 10k17.4 +85%
Grocery stores per 10k26.1 12.3×
Restaurants, cafes and bars per 10k43.5 3.9×
Libraries per 10k17.4 20.0×
Named paths and bike trails0 km −100%
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

Businesses per 10,000 residents (county figures)

Restaurants and bars21.5 +3%
Shops29.4 −3%
Arts, recreation and fitness5.9 +44%
Doctors' offices and clinics24.7 +22%
Child care centers3.4 +48%

Counts businesses with paid staff, so small owner-run shops are not included.

Public schools13
1
89% below the median place
Public school students13
165
97% below the median place
Students per teacher13
9.2
40% below the median place
All 16 schools and local life measures
MeasureBannockburnAmong 6,645 placesVs median
Public schools13189% below
Public school students1316597% below
Students per teacher139.240% below
Restaurants and bars per 10k9County figure21.53% above
Shops per 10k9County figure29.43% below
Arts, recreation and fitness per 10k9County figure5.944% above
Doctors' offices and clinics per 10k9County figure24.722% above
Child care centers per 10k9County figure3.448% above
Parks per 10k1017.471% above
Playgrounds per 10k1017.485% above
Grocery stores per 10k1026.1above (median 2.1)
Restaurants, cafes and bars per 10k1043.5291% above
Libraries per 10k1017.4above (median 0.9)
Named paths and bike trails100.0below (median 2.0)
Transit stops per sq mi100.0below (median 0.2)
National Register listings11County figure96above (median 13)
06

Safety, weather and risk

Violent crime per 100k is 0, below the median place (median 192).

Violent crime per 100k
0
below the median place (median 192)
Property crime per 100k
654
46% below the median place
Months reported
12 of 12
by the city police department to the FBI

Counts only offenses reported by the city police department. Sheriff, state and campus police are not included, and some departments do not report to the FBI at all, so compare with care.

Tornado risk15
98.9
21% above the median place
January average low14
16°F
38% below the median place
Hurricane risk15
18.2
74% below the median place
All 11 weather and risk measures
MeasureBannockburnAmong 6,645 placesVs median
July average high14County figure83°F5% below
January average low14County figure16°F38% below
Average temperature14County figure49°F11% below
Annual precipitation14County figure36.8 in16% below
Natural hazard risk15County figure96.04% above
Hurricane risk15County figure18.274% below
Tornado risk15County figure98.921% above
Wildfire risk15County figure44.927% below
Heat wave risk15County figure92.53% above
Median air quality index16County figure399% below
Good air days16County figure84.8%24% above
08

Bannockburn in 2030: where the trends point

If recent trends hold, the median rent will take about 8% of the median income in 2030, about the same as 8% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,388/mo (2022)$1,940/mo$1,540 to $2,440/mo+4.3%
Median household income$214,000 (2024)$282,500$239,000 to $334,500+4.7%
Median home value$1,037,200 (2024)$1,396,000$1,014,000 to $1,924,000+5.1%
Population1,308 (2025)1,2501,200 to 1,310−0.9%

The median home would be worth 4.9 years of the median income in 2030, against 4.8 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Bannockburn

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Mantua, VA$2,064$213,047Compare
Mountain Brook, AL$1,456$201,479Compare
Steiner Ranch, TX$1,955$190,523Compare
Haddonfield, NJ$1,897$200,400Compare
Haddonfield, NJSteiner Ranch, TXMountain Brook, ALMantua, VABannockburn, ILBannockburnMantuaMountain BrookSteiner RanchHaddonfieldBannockburnMantuaMountain BrookSteiner RanchHaddonfield

Common questions

Is Bannockburn a good place to live?

It depends on what you need, so here is what the numbers say. Owning with a mortgage costs about $2,613 a month more than the median rent, a wider gap than in 99% of the 2,469 places under 10,000 people we track. It is the highest of 335 Illinois places. 90% of adults hold a bachelor's degree or higher, a larger share than in 99% of places its size. It is the highest of 335 Illinois places. On cost, space and class size it scores 96 out of 100 for families. See how it ranks with your own weights.

Is Bannockburn expensive to live in?

The median rent takes 7.8% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $1,037,200.

What salary do you need to live in Bannockburn?

To rent the median home without spending more than 30% of income on rent, a household needs about $55,520 a year. Work it out from your current city.

Is Bannockburn safe?

There were 0 reported violent crimes per 100,000 residents, against 192 in the typical place.

What places are similar to Bannockburn?

On income, rent, home value, education and age, the closest matches are Mantua, VA, Mountain Brook, AL, Steiner Ranch, TX and Haddonfield, NJ.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. Population Estimates · US Census Bureau · Vintage 2025
  8. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  9. County Business Patterns · US Census Bureau · 2023 data
  10. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  11. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  12. Crime Data Explorer · Federal Bureau of Investigation · 2025 data
  13. Common Core of Data · National Center for Education Statistics · 2024 release
  14. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  15. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  16. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); home price to income (B25077, B19013).

What stands out compares Bannockburn with places of a similar size, using only figures measured for Bannockburn itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/bannockburn-illinois

Citytistics. “Bannockburn, Illinois.” Data as of 2026-11-14. https://www.citytistics.com/city/bannockburn-illinois/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.