Banner village, Illinois Demographics & Population 2026

Population Overview

Banner village is a small community located in Illinois. The total population is 148. It ranks as the 1275th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Banner village is 52.6 years. This is 35% higher than the state median of 38.9 years. 16.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Banner village is $36,250. This is 56% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 54% lower. The poverty rate stands at 37.8%. This is 223% higher than the state poverty rate of 11.7%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 9.4%. This is 63% higher than the state rate of 5.8%. The median home value is $90,000. Housing costs are 64% lower than the state median of $250,500. With a home-value-to-income ratio of just 2.5x, Banner village is one of the most affordable housing markets in the area. 76.2% of occupied housing units are owner-occupied. This homeownership rate is 14% higher than the state average of 66.8%.

Race & Ethnicity

Banner village has a predominantly White (non-Hispanic) population, comprising 94.6% of all residents. The White (non-Hispanic) population is significantly higher than the state average (94.6% vs 58.8%).

Education

4.4% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 88% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.9%.

Data Sources & Methodology

All demographic data for Banner village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.