Cost of Living in Banning, California
Banning has a population of about 31,093. The median household income is $61,764, median gross rent is $1,650/month, and the median home value is $352,100. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Banning expensive to live in?
Compared with the national median in this dataset, rent in Banning is about the national median and home values are 6% below the national median. Household income here is 26% below the national median. Monthly rent represents roughly 32% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Banning?
The median gross rent in Banning, California is $1,650 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Banning?
The median owner-occupied home value in Banning is $352,100 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Banning?
The median household income in Banning is $61,764 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.