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CITY

Banks

Alabama · 163 residents (2025 est.) · 1.987 sq mi
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The short version

Banks has notably lower household income than the US average, with a median household income of $50,000. Population has grown 43% since 2000. 20% of adults hold a bachelor's degree or higher, below the national rate of 36%. At a median age of 29.6, residents skew younger than the country as a whole.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 29.6
US median: 38.9
Less educated
20% hold a bachelor's degree
US average: 36%
Owner-heavy
63% owner-occupied
US average: 65%
Section 01

Population & growth

Total population
320
+43%since 2000
from 224 in 2000
1990 – 2025
Population density
161 / sq mi
+43%since 2000
from 113 / sq mi in 2000
US average: 281
Median age
29.6
−22%since 2000
from 37.8 in 2000
US average: 38.9

PEP 2025 EST:163 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
891522152783411990201020202024Banks
2024320
1990201020202024
Section 02

Income & economy

Median household income
$50,000
+26%inflation adjusted, since 2000
from $21,719 in 2000
US average: $82,259
1990 – 2024
Per capita income
$31,368
+101%since 2000
from $15,601 in 2000
US average: $44,673
Households earning $100K+
32.8%
+8.9 ptssince 2009
from 23.9% in 2009
US average: 53.3%
Poverty rate
8.8%
−1.2 ptssince 2000
from 10.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.361
+11%since 2010
from 0.325 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade31.3%
US avg: 9.9%
Other services15.1%
US avg: 6.7%
Public administration15.1%
US avg: 4.8%
Information14.5%
US avg: 10.8%
Finance & insurance12.8%
US avg: 5.9%
Professional, scientific, technical12.8%
US avg: 5.1%
Wholesale trade4.5%
US avg: 6.9%
Agriculture, forestry, fishing2.8%
US avg: 1.6%
Construction2.2%
US avg: 1.2%
Manufacturing0.6%
US avg: 0.4%
Arts, entertainment, food0.6%
US avg: 1.9%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median gross rent
$1,080
+89%inflation adjusted, since 2000
from $313 in 2000
US average: $1,442
Owner-occupied
63.1%
−13.0 ptssince 2000
from 76.1% in 2000
36.9% rent
Vacancy rate
16.4%
−1.1 ptssince 2009
from 17.5% in 2009
US average: 10.0%
Owner cost-burdened
5.2%
−0.2 ptssince 2009
from 5.4% in 2009
US average: 22.9%
Renter cost-burdened
20.0%
+11.2 ptssince 2009
from 8.8% in 2009
US average: 47.4%
RELATED:See current rent listings in Banks on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic84.8%(190)
Black10.3%(23)
Hispanic / Latino0.9%(2)
Asian0%(0)
Other0%
Diversity Score25.9%(58)
2024
White, non-Hispanic68.1%(218)
Black31.9%(102)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score54.3%(174)
Diversity Score
54
+109%since 2000
from 26 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
20.0%
+11.1 ptssince 2000
from 8.9% in 2000
US average: 35.6%
High school or higher
77.2%
+19.0 ptssince 2000
from 58.2% in 2000
US average: 89.6%
Graduate degree
2.2%
−3.5 ptssince 2000
from 5.7% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
22.3 min
+31%since 2000
from 17.0 min in 2000
US average: 26.5
Drive alone to work
74.3%
+1.1 ptssince 2009
from 73.2% in 2009
US average: 68.9%
Carpooled to work
21.8%
+2.2 ptssince 2009
from 19.6% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
3.9%
Unchangedsince 2009
from 3.9% in 2009
US average: 15.0%
Walked to work
0.0%
−3.3 ptssince 2009
from 3.3% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
−7.1 ptssince 2009
from 7.1% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
10.9%
−6.6 ptssince 2011
from 17.6% in 2011
US average: 5.2%
Labor force participation
75.3%
+0.7 ptssince 2011
from 74.6% in 2011
US average: 63.5%
Self-employed
6.7%
−8.1 ptssince 2009
from 14.8% in 2009
US average: 13.1%
Management & professional
23.5%
−24.9 ptssince 2009
from 48.4% in 2009
US average: 42.5%
Section 08

People & community

Male
60.6%
+8.7 ptssince 2009
from 51.9% in 2009
Female
39.4%
−8.7 ptssince 2009
from 48.1% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
4.1%
−46.1 ptssince 2009
from 50.2% in 2009
US average: 6.2%
With a disability
12.8%
+1.5 ptssince 2012
from 11.3% in 2012
US average: 13.3%
Uninsured
15.0%
−51.8 ptssince 2013
from 66.8% in 2013
US average: 8.4%
Broadband at home
77.0%
+39.5 ptssince 2017
from 37.5% in 2017
US average: 91.0%
English only at home
99.7%
+9.6 ptssince 2016
from 90.1% in 2016
US average: 77.7%
Spanish at home
0.0%
−9.9 ptssince 2016
from 9.9% in 2016
US average: 13.6%
Drill deeper

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Compare Banks to nearby cities

BANKS VS
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Income$50,717+1%
Home value$231,400
Population18,022+10956%
SEE FULL COMPARISON →
BANKS VS
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Income$48,944−2%
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BANKS VS
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Home value$202,900
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BANKS VS
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Home value$381,600
Population11,899+7200%
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Frequently asked

How many people live in Banks, Alabama?

Banks, Alabama has about 320 residents according to the 2024 American Community Survey.

What is the median household income in Banks, Alabama?

The typical household in Banks, Alabama earns about $50,000 a year. Half of households make more than that, and half make less.

Is Banks, Alabama expensive?

In Banks, Alabama, the typical rent is about $1,080 a month.

How educated are people in Banks, Alabama?

About 20.0% of adults age 25 and over in Banks, Alabama hold a bachelor's degree or higher.

What is the poverty rate in Banks, Alabama?

About 8.8% of people in Banks, Alabama live below the federal poverty line.

Has Banks, Alabama grown since 1990?

Yes, Banks, Alabama has grown since 1990. The population has added about 111 residents, a change of about 53 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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