Cost of Living in Banning, CA
Population: 30,680 • 2026 Data
$57,699
Median Household Income
-25% vs national
$1,528
Median Monthly Rent
+13% vs national
$322,900
Median Home Value
-5% vs national
6.8%
Unemployment Rate
Housing in Banning
The median home value in Banning, CA is $322,900. Monthly rent for a typical unit averages $1,528, while total monthly housing costs (including utilities and insurance) average $1,285.
Rent-to-income ratio: 31.8%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Banning, CA is $57,699. The unemployment rate stands at 6.8%, with a labor force of 11,876 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.