Ashley, IL vs Banner, IL

Ashley, IL and Banner, IL have a very similar cost of living, with only a 4.9% difference in their overall index. Ashley scores 59 while Banner scores 62 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ashley is $660/month compared to $708/month in Banner — a 7% difference. Home values follow the same pattern: Ashley is more affordable at $70,700 median vs $90,000.

Median household income in Ashley is $47,031 compared to $36,250 in Banner (+29.7%). Ashley offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ashley spend roughly 16.8% of their income on rent, less than the 23.4% in Banner.