What is the median household income in Bannockburn, IL?
The median household income in Bannockburn, IL is $214,000 (±$93,694) a year (2020–2024 American Community Survey).
In Bannockburn, the median household income went from $117,917 in 2015–2019 to $214,000 in 2020–2024 (+81.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $214,000 (±$93,694)
Income in Bannockburn against Lake County, its state and the nation
| Bannockburn | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $214,000 (±$93,694) | $110,416 (±$1,747) | $83,390 (±$362) | $80,734 |
| Median renter household income | — | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $210,625 (±$82,467) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
| Median gross rent | — | $1,477 (±$29) | $1,274 (±$5) | $1,413 |
In Bannockburn, median household income is higher than in Lake County ($110,416).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Lake County, Bannockburn ranks 7 of 71 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 19 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $117,917 (±$55,862) | $214,000 (±$93,694) | +81.5% | No measurable change after inflation |
| Median home value | $971,200 (±$125,882) | $1,037,200 (±$207,983) | +6.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Bannockburn
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Bannockburn | — | $214,000 (±$93,694) | — |
| West Deerfield Township | 0.7 mi | $204,915 (±$8,235) | Not measurably different |
| Riverwoods | 1.9 mi | $249,205 (±$17,841) | Not measurably different |
| Deerfield | 2.0 mi | $181,660 (±$22,596) | Not measurably different |
| Lincolnshire | 2.5 mi | $185,580 (±$35,552) | Not measurably different |
| Lake Forest | 3.0 mi | $235,081 (±$24,243) | Not measurably different |
| Highwood | 3.1 mi | $107,875 (±$21,256) | Lower |
| Highland Park | 3.1 mi | $168,094 (±$17,851) | Not measurably different |
| Moraine Township | 3.3 mi | $153,798 (±$10,473) | Not measurably different |
Nearby places with a measurably lower figure: Highwood, IL ($107,875).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 (tie) | Kildeer | $250,000 or more |
| 1 (tie) | Long Grove | $250,000 or more |
| 3 | Riverwoods | $249,205 (±$17,841) |
| 4 | Lake Forest | $235,081 (±$24,243) |
| 5 | North Barrington | $226,055 (±$14,797) |
| 6 | Hawthorn Woods | $219,631 (±$25,186) |
| 7 | Bannockburn | $214,000 (±$93,694) |
| 8 | West Deerfield Township | $204,915 (±$8,235) |
| 9 | Lake Bluff | $204,000 (±$49,390) |
| 10 | Lincolnshire | $185,580 (±$35,552) |
| 11 | Deerfield | $181,660 (±$22,596) |
| 12 | Mettawa | $181,333 (±$44,254) |
| 13 | Deer Park | $174,458 (±$38,238) |
Showing 13 of 71 places in Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Bannockburn
What is the median household income in Bannockburn?
The median household income in Bannockburn is $214,000 (±$93,694) a year (2020–2024 American Community Survey).
Have incomes in Bannockburn kept up with inflation?
In Bannockburn, the median household income went from $117,917 in 2015–2019 to $214,000 in 2020–2024 (+81.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Bannockburn village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Bannockburn village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bannockburn village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Bannockburn village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Bannockburn village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Bannockburn village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bannockburn village, Illinois (place:03610, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Bannockburn at a glance
- Home values in Bannockburn
- Homeowner costs in Bannockburn
- Property taxes in Bannockburn
- Types of homes in Bannockburn
- Age of homes in Bannockburn
- Heating fuel in Bannockburn
- Commute and cars in Bannockburn
- Crime reported to police in Bannockburn
- Population growth in Bannockburn
- How long people stay in Bannockburn
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by median household income
- Housing data for every place in Illinois