Last updated: 2024 BLS data · Page refreshed:
Banks Springs has a population of 1,406 with a median age of 29.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,406 |
| Median Age | 29.9 |
| White | 20.7% |
| Black or African American | 77.7% |
| Hispanic or Latino | 1.6% |
The median household income in Banks Springs is $26,232, which is 67.5% below the national median of $80,610. The per capita income is $15,598. The poverty rate is 65.3%.
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In Banks Springs, 66.8% of residents age 25+ have a high school diploma or higher, and 4.8% hold a bachelor's degree or higher (4.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 66.8% |
| Bachelor's Degree or Higher | 4.8% |
| Graduate or Professional Degree | 4.1% |
The median home value in Banks Springs is $80,700, below the national median of $303,400. The median monthly rent is $356. The homeownership rate is 38.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $80,700 |
| Median Monthly Rent | $356 |
| Homeownership Rate | 38.0% |
| Vacancy Rate | 26.8% |
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