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CITY · 2020 ACS

Banks

Arkansas · 87 residents · 0.376 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 $41,932. Population has fallen 28% since 2000, a loss of 33 residents. 4% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has roughly tripled since 2000, reaching $70,300. The poverty rate of 23.7% is well above the national figure.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 38.9
US median: 38.8
Less educated
4% hold a bachelor's degree
US average: 33%
Less affordable
home values up 97%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

87
−28%since 2000
from 120 in 2000
1990 – 2025
231 / sq mi
−28%since 2000
from 319 / sq mi in 2000
US average: 280
38.9
−6%since 2000
from 41.3 in 2000
US average: 38.8
Population, 19902024
59991391792191990201020202024Banks
2024126
1990201020202024
Section 02

Income & economy

$41,932
+16%inflation adjusted, since 2000
from $23,958 in 2000
US average: $66,278
1990 – 2024
$24,741
+138%since 2000
from $10,416 in 2000
US average: $35,364
Households earning $100K+
13.3%
+13.3 ptssince 2009
from 0.0% in 2009
US average: 43.9%
23.7%
+2.9 ptssince 2000
from 20.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Wholesale trade19.5%
US avg: 6.7%
Other services13.4%
US avg: 6.6%
Public administration13.4%
US avg: 4.7%
Agriculture, forestry, fishing12.2%
US avg: 1.7%
Construction12.2%
US avg: 1.2%
Retail trade11%
US avg: 10%
Finance & insurance4.9%
US avg: 5.5%
Professional, scientific, technical4.9%
US avg: 4.7%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Information0%
US avg: 11.1%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$70,300
+97%inflation adjusted, since 2000
from $23,800 in 2000
US average: $265,253
1990 – 2024
77.5%
−10.5 ptssince 2000
from 88.0% in 2000
22.5% rent
1.7
+69%since 2000
from 1.0 in 2000
1990 – 2024
RELATED:See current rent listings in Banks on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic72.5%(87)
Black20%(24)
Hispanic / Latino5%(6)
Asian0%(0)
Other0%
Diversity Score50.3%(60)
2020
White, non-Hispanic82.8%(72)
Black6.9%(6)
Hispanic / Latino5.7%(5)
Asian0%(0)
Other0%(0)
Diversity Score29.8%(26)
30
−41%since 2000
from 50 in 2000
1990 – 2024
Section 05

Education

3.7%
−2.5 ptssince 2000
from 6.2% in 2000
US average: 32.9%
High school or higher
80.1%
+4.9 ptssince 2000
from 75.3% in 2000
US average: 88.5%
3.7%
+3.7 ptssince 2000
from 0.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

27.9 min
+27%since 2000
from 22.0 min in 2000
US average: 26.9
75.6%
−24.4 ptssince 2009
from 100.0% in 2009
US average: 75.1%
1.3%
+1.3 ptssince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

13.7%
−3.3 ptssince 2011
from 17.0% in 2011
US average: 5.4%
61.7%
+9.7 ptssince 2011
from 52.0% in 2011
US average: 63.4%
24.4%
−65.1 ptssince 2009
from 89.5% in 2009
US average: 39.3%
Section 08

People & community

49.5%
+10.6 ptssince 2009
from 38.9% in 2009
50.5%
−10.6 ptssince 2009
from 61.1% in 2009
18.4%
+18.4 ptssince 2009
from 0.0% in 2009
US average: 13.5%
12.6%
−41.3 ptssince 2013
from 53.9% in 2013
US average: 8.8%
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Frequently asked

How many people live in Banks, Arkansas?

Banks, Arkansas has about 87 residents according to the 2020 American Community Survey.

What is the median household income in Banks, Arkansas?

The typical household in Banks, Arkansas earns about $41,932 a year. Half of households make more than that, and half make less.

Is Banks, Arkansas expensive?

In Banks, Arkansas, the median home is worth about $70,300.

How educated are people in Banks, Arkansas?

About 3.7% of adults age 25 and over in Banks, Arkansas hold a bachelor's degree or higher.

What is the poverty rate in Banks, Arkansas?

About 23.7% of people in Banks, Arkansas live below the federal poverty line.

Has Banks, Arkansas grown since 1990?

Yes, Banks, Arkansas has shrunk since 1990. The population has lost about 22 residents, a change of about -20 percent over that period.

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

How we source and harmonize this data →