Census Bureau data for Banks city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Banks city
- What is the median household income in Banks city?
- The median household income in Banks city is $84,651 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Banks city?
- The poverty rate in Banks city is 8.4% (U.S. Census Bureau ACS 2023).
- What is the median home value in Banks city?
- $430,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in Banks city?
- The median gross rent in Banks city is $1,634 per month (U.S. Census Bureau ACS 2023).
- What percentage of Banks city residents have a college degree?
- 33.5% of adults in Banks city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
2,092
Median Income
$84,651
Median Home Value
$430,200
Poverty Rate
8.4%
Unemployment (ACS 2023)
8.5%
Median Age
34.0 yrs
Since 2019
Median Income:
$-21,599 (-20.3%)
Home Value:
+$129,300 (+43%)
Poverty Rate:
+7.1 pp (+546.2%)
Bachelor's+:
+5.3 pp (+18.8%)
Unemployment:
+5.5 pp (+183.3%)
Demographics
Total Population
2,092
Median Age
34.0
Female
55.2%
Race & Ethnicity
Hispanic or Latino 12.1%
White (non-Hisp.) 73.9%
Black 0.7%
Asian 1.4%
Two or More 13.0%
Other 8.3%
Asian Subgroups (% of total pop.)
Chinese
0.8%
Filipino
0.4%
Hispanic Subgroups (% of total pop.)
Mexican
9.1%
Puerto Rican
1.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$84,651
±$9,629
+$4,225 vs. state
Per Capita Income
$97,212
Median Family Income
$113,750
Poverty Rate
8.4%
+1.1 pp vs. state
Child Poverty Rate
11.9%
Working-Age Poverty Rate
—
SNAP Recipients
11.8%
Social Security Income
—
Retirement Income
24.7%
Household Income Distribution
$10–15k
0.5%
$15–25k
4.4%
$25–35k
6.0%
$35–50k
6.8%
$50–75k
14.6%
$75–100k
26.2%
$100–150k
18.3%
$150–200k
15.2%
$200k+
8.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
823
Owner-Occupied
76.9%
Renter-Occupied
23.1%
Vacancy Rate
3.2%
Median Home Value
$430,200
-$24,000 vs. state
Median Gross Rent
$1,634
Owner Cost Burden (30%+)
15.4%
Renter Cost Burden (30%+)
39.1%
Home Value Distribution
< $50k
1.1%
$100–200k
0.8%
$200–300k
2.8%
$300–500k
74.2%
$500k–$1M
20.4%
Gross Rent Distribution
$500–1k
10.6%
$1–1.5k
26.1%
$1.5–2k
49.7%
$2–2.5k
11.8%
$2.5–3.5k
1.9%
Vehicle Availability
No vehicle
0.9%
1 vehicle
36.5%
2 vehicles
35.6%
3+
27.0%
Housing Type
Single-fam. det.
76.1%
Single-fam. att.
1.8%
2–4 units
3.8%
5–19 units
2.6%
20+ units
4.7%
Mobile home
2.3%
Housing Age
Pre-1940
11.4%
1940–1969
0.2%
1970–1999
5.0%
2000–2009
10.9%
2010+
0.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
96.1%
Bachelor's or Higher
33.5%
-2.7 pp vs. state
Graduate Degree
16.2%
Some College / Associate
25.8%
Less Than High School
0.9%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
81.1%
Unemployment Rate
8.5%
+3.1 pp vs. state
Work from Home
11.8%
Self-Employed
2.4%
Government Workers
21.6%
Private For-Profit
76.0%
Industry
Edu/Health
24.3%
Retail
15.7%
Manufacturing
15.1%
Arts/Entmt.
8.4%
Finance
7.9%
Transportation
7.9%
Construction
5.7%
Prof. Services
5.4%
Public Admin
5.3%
Wholesale
1.2%
Agriculture
0.4%
Information
0.2%
Occupation
Management
41.5%
Sales
22.8%
Food Prep
14.6%
Production
12.0%
Construction
9.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
28.3 min
Drove Alone
73.9%
Carpool
8.0%
Public Transit
4.0%
Work from Home
11.8%
Walked
1.7%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
797
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
43.8%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
24.0%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
9.2%
5–9
8.9%
10–14
7.9%
15–19
6.4%
20–24
5.4%
25–34
12.4%
35–44
18.7%
45–54
11.0%
55–64
9.7%
65–74
3.1%
75–84
5.1%
85+
2.1%
Under 18: 29.7%
Working age (18–64): 70.3%
65 and over: 7.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
8.7%
Naturalized Citizen
80.8%
Speaks English Less Than Very Well
1.4%
Foreign-Born Origin
Europe
59.9%
Latin America
18.7%
Asia
14.8%
Veterans & Disability
Veteran
7.3%
With a Disability
12.3%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
96.0%
Uninsured
4.0%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
99.5%
Has a Computer
99.7%
Same House 1 Year Ago
89.6%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023