Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.3 yrs |
|---|---|
| Avg HH Size | 2.55 |
| Below Poverty | 13.0% ▲ 30% above avg |
| College Grads | 25.5% ▼ 34% below avg |
| Unemployment | 3.3% ▼ 32% below avg |
| No HS Diploma | 30 (3.5%) |
| HS Graduate | 357 (42.2%) |
| Some College | 109 (12.9%) |
| Associates | 134 (15.8%) |
| Bachelors | 104 (12.3%) |
| Graduate Degree | 112 (13.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $46,042 ▼ 40% below avg |
|---|---|
| Median Home Value | $101,000 ▼ 64% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $934/mo |
| Total Housing Units | 815 |
| Vacant Units | 232 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Banks is a city in Alabama, located in Pike County. The city spans 1 ZIP code and is home to approximately 1,486 residents. It is a middle-aged city, with a median age of 43.3 years.
Economically, Banks is a working-class community. The median household income of $46,042 is below the national average. Approximately 13.0% of residents live below the poverty line. The unemployment rate is 3.3%, below the national average.
The real estate market in Banks is one of the more affordable housing markets in the country. Median home values stand at $101,000, which is well below the national average. Renters typically pay around $934 per month. Homeownership is high at 83.0%, typical of suburban and family-oriented communities.
The population of Banks is moderately educated. 25.5% of adults hold a bachelor's degree or higher — below the national average. The community is majority White (63.12%).
Banks, AL offers residents a cost-conscious lifestyle within Alabama.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 36005 | 1,486 | $46,042 | $101,000 | $934 | 3.3% | 25.5% | 83.0% |