Cost of Living in Banner, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.5
100 = national avg
-32.5 vs national average
Living Wage (1 Adult)
$29,696
per year
Living Wage (Family of 4)
$70,191
per year
Cost Index by Category
Housing65.8
Food77.7
Transportation55.4
Healthcare82.2
Utilities79.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$708
per month
2 Bedroom
$916
per month
The overall cost of living index in Banner is 67.5, which is 32.5% below the national average. Housing costs are below the national average at an index of 65.8. A single adult needs to earn approximately $29,696 per year to cover basic expenses.