Banner, IL vs Varna, IL

Banner, IL and Varna, IL have a very similar cost of living, with only a 2.1% difference in their overall index. Banner scores 62 while Varna scores 64 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 Banner is $708/month compared to $838/month in Varna — a 16% difference. Interestingly, home values tell a different story: while Banner has cheaper rent, Varna actually has lower median home values ($89,000 vs $90,000).

Median household income in Banner is $36,250 compared to $61,250 in Varna (-40.8%). While Varna is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Banner spend roughly 23.4% of their income on rent, more than the 16.4% in Varna.