Bannockburn, IL Profile: Facts & Data

Advertisement

Bannockburn Local Links & Resources:
Resources | ALL Bannockburn Content
Planning to visit Bannockburn? See Local Hotels

Also See Bannockburn, IL: ZIP Codes & Maps

Bannockburn, Illinois - Basic Facts

The Village of Bannockburn had a population of 1,007 as of July 1, 2023. Bannockburn ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Bannockburn is located at latitude 42.1934 and longitude -87.8665 in Lake County. The formal boundaries for the Village of Bannockburn encompass a land area of 2.02 sq. miles and a water area of 0.02 sq. miles. Lake County is in the Central time zone (GMT -6).

The Village of Bannockburn has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Bannockburn is located within Township of West Deerfield, a minor civil division (MCD) of Lake County.


Jump to... (On This Page!)
  1. Bannockburn 2023 Demographic Data
  2. Growth Rates for Bannockburn (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2023 Demographics
Advertisement

Bannockburn, IL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,007 (100%)
Population in Households 781 (77.6%)
Population in Families 705 (70.0%)
Population in Group Quarters1 226 (22.4%)
Population Density 497
Diversity Index2 60
 
 

INCOME

Median Household Income $125,066
Average Household Income $228,367
% of Income for Mortgage4 38%
Per Capita Income $69,322
Wealth Index5 263
Socioeconomic Status Index6 High (73.6)
 

HOUSING

Total HU (Housing Units) 349 (100%)
Owner Occupied HU 244 (69.9%)
Renter Occupied HU 60 (17.2%)
Vacant Housing Units 45 (12.9%)
Median Home Value $795,775
Average Home Value $917,213
Housing Affordability Index3 57
 

HOUSEHOLDS

Total Households 304
Average Household Size 2.57
Family Households 234
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.18% -0.18%
Households 0.10% 0.00%
Families   0.00%
Median Household Income   3.11%
Per Capita Income   2.07%
Owner Occupied HU   -0.25%

Bannockburn, IL - Peer Comparisons by Rank and Percentile

The table below compares Bannockburn to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 682 53rd
Population Density # 1087 26th
Median Household Income # 53 96th
Housing Affordability Index # 184 13th
Per Capita Income # 40 97th
Diversity Index # 188 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

Bannockburn, IL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Illinois Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Illinois Census Data Comparison Tool

Compare Illinois July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement