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CITY · 2010 ACS

Banks

Alabama · 179 residents · 1.987 sq mi
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The short version

Banks has lower-than-average household income, with a median household income of $43,750. Population has fallen 20% since 2000, a loss of 45 residents. 13% of adults hold a bachelor's degree or higher, below the national rate of 28%. Median home value is $52,500. Poverty is rare here, at 3.7% of residents.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 41.1
US median: 37.2
Less educated
13% hold a bachelor's degree
US average: 28%
More affordable
home values down 12%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

179
−20%since 2000
from 224 in 2000
1990 – 2025
90 / sq mi
−20%since 2000
from 113 / sq mi in 2000
US average: 261
41.1
+9%since 2000
from 37.8 in 2000
US average: 37.2
Population, 19902024
891522152783411990201020202024Banks
2024320
1990201020202024
Section 02

Income & economy

$43,750
+59%inflation adjusted, since 2000
from $21,719 in 2000
US average: $52,703
1990 – 2024
$19,060
+22%since 2000
from $15,601 in 2000
US average: $27,286
Households earning $100K+
23.9%
Unchangedsince 2009
from 23.9% in 2009
US average: 33.3%
3.7%
−6.3 ptssince 2000
from 10.0% in 2000
US average: 13.8%
0.325
US average: 0.461
Workforce by industry, 2010
Retail trade23.3%
US avg: 10.9%
Wholesale trade11%
US avg: 7.2%
Finance & insurance9.2%
US avg: 5.1%
Information6.7%
US avg: 11.5%
Agriculture, forestry, fishing6.1%
US avg: 1.9%
Construction6.1%
US avg: 1.4%
Professional, scientific, technical6.1%
US avg: 4.2%
Other services5.5%
US avg: 7%
Public administration5.5%
US avg: 4.9%
Education & health services3.1%
US avg: 0.9%
Arts, entertainment, food1.8%
US avg: 2.4%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 3.1%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$52,500
−12%inflation adjusted, since 2000
from $47,000 in 2000
US average: $225,659
1990 – 2021
$571
+44%inflation adjusted, since 2000
from $313 in 2000
US average: $853
36.4%
−39.7 ptssince 2000
from 76.1% in 2000
26.0% rent
24.2%
+6.6 ptssince 2009
from 17.5% in 2009
US average: 12.1%
0.0%
−5.4 ptssince 2009
from 5.4% in 2009
US average: 30.9%
0.0%
−8.8 ptssince 2009
from 8.8% in 2009
US average: 46.8%
1.2
−45%since 2000
from 2.2 in 2000
1990 – 2021
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)
2010
White, non-Hispanic69.3%(124)
Black24.6%(44)
Hispanic / Latino1.1%(2)
Asian0%(0)
Other0%(0)
Diversity Score50.1%(90)
50
+93%since 2000
from 26 in 2000
1990 – 2024
Section 05

Education

13.2%
+4.3 ptssince 2000
from 8.9% in 2000
US average: 27.9%
High school or higher
76.6%
+18.4 ptssince 2000
from 58.2% in 2000
US average: 84.9%
5.9%
+0.2 ptssince 2000
from 5.7% in 2000
US average: 10.2%
Section 06

Commute & transportation

29.9 min
+75%since 2000
from 17.0 min in 2000
US average: 25.2
77.5%
+4.3 ptssince 2009
from 73.2% in 2009
US average: 76.2%
18.1%
−1.5 ptssince 2009
from 19.6% in 2009
US average: 10.4%
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
2.5%
−1.4 ptssince 2009
from 3.9% in 2009
US average: 4.1%
1.9%
−1.4 ptssince 2009
from 3.3% in 2009
US average: 2.8%
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
5.3%
−1.8 ptssince 2009
from 7.1% in 2009
US average: 8.7%
Section 07

Work & employment

11.7%
−3.2 ptssince 2009
from 14.8% in 2009
US average: 12.9%
21.5%
−26.9 ptssince 2009
from 48.4% in 2009
US average: 35.2%
Section 08

People & community

51.5%
−0.4 ptssince 2009
from 51.9% in 2009
48.5%
+0.4 ptssince 2009
from 48.1% in 2009
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 12.8%
8.6%
−41.6 ptssince 2009
from 50.2% in 2009
US average: 9.9%
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Frequently asked

How many people live in Banks, Alabama?

Banks, Alabama has about 179 residents according to the 2010 American Community Survey.

What is the median household income in Banks, Alabama?

The typical household in Banks, Alabama earns about $43,750 a year. Half of households make more than that, and half make less.

Is Banks, Alabama expensive?

In Banks, Alabama, the median home is worth about $52,500, and the typical rent is about $571 a month.

How educated are people in Banks, Alabama?

About 13.2% 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 3.7% of people in Banks, Alabama live below the federal poverty line.

Has Banks, Alabama grown since 1990?

Yes, Banks, Alabama has shrunk since 1990. The population has lost about 30 residents, a change of about -14 percent over that period.

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

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