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Banks, Alabama

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
320
Population
$50,000
Median Income
29.6
Median Age

Demographics

Banks has a population of 320 with a median age of 29.6. Here is the racial and ethnic breakdown of the population:

White
68.1%
Black
31.9%
Demographic Value
Total Population320
Median Age29.6
White68.1%
Black or African American31.9%
Banks, Alabama — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 68.1%Black: 31.9%320PopulationWhiteWhite68.1%BlackBlack31.9%

Income & Economy

The median household income in Banks is $50,000, which is 38.0% below the national median of $80,610. The per capita income is $31,368. The poverty rate is 8.8%.

$50,000
Median Household Income
$31,368
Per Capita Income
8.8%
Poverty Rate

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Education

In Banks, 77.2% of residents age 25+ have a high school diploma or higher, and 20.0% hold a bachelor's degree or higher (2.2% with a graduate or professional degree).

HS Diploma+
77.2%
Bachelor's+
20.0%
Graduate+
2.2%
Education Level % of Adults (25+)
High School Diploma or Higher77.2%
Bachelor's Degree or Higher20.0%
Graduate or Professional Degree2.2%

Housing

$1,080/mo
Median Rent
63.1%
Homeownership Rate
Housing Metric Value
Median Monthly Rent$1,080
Homeownership Rate63.1%
Vacancy Rate16.4%

Salaries in Alabama

Explore salary data for popular occupations in Alabama:

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Other Cities in Alabama

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Frequently Asked Questions

What is the population of Banks, Alabama?
The population of Banks, Alabama is 320 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Banks, Alabama?
The median household income in Banks, Alabama is $50,000. This is 38.0% below the national median of $80,610.
What percentage of people in Banks have a college degree?
In Banks, Alabama, 20.0% of adults age 25 and older hold a bachelor's degree or higher, and 77.2% have a high school diploma or higher.

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