Housing costs in Banner?
A typical home costs
$85,500, which is 74.7% less expensive than the national average of
$338,100 and 64.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Banner costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 51.8% cheaper than the state average of
$1,260.
Can I afford Banner?
To live comfortably in Banner, Illinois, a minimum annual income of
$16,560 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Banner?
The cost of living in Banner, IL is relatively affordable compared to other areas in the state. The median home value sits at around $107,000 which is lower than the national average, and rent prices are also notably lower than the rest of the country. Groceries and goods from local stores are also significantly cheaper than those found in large cities. Additionally, utility costs such as electricity and water are considerably less expensive for residents of Banner, IL. All in all, living in Banner, IL can be quite economical for anyone looking to save money while still enjoying a comfortable lifestyle.