Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.5 yrs |
|---|---|
| Avg HH Size | 2.59 |
| Below Poverty | 21.5% ▲ 115% above avg |
| College Grads | 12.2% ▼ 68% below avg |
| Unemployment | 10.7% ▲ 119% above avg |
| HS Graduate | 203 (71%) |
| Some College | 10 (3.5%) |
| Associates | 38 (13.3%) |
| Bachelors | 29 (10.1%) |
| Graduate Degree | 6 (2.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $34,063 ▼ 55% below avg |
|---|---|
| Median Home Value | $54,100 ▼ 81% below avg |
| Home/Income Ratio | 1.6x (nat avg ~3.5x) |
| Total Housing Units | 350 |
| Vacant Units | 154 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Banks is a city in Arkansas, located in Bradley County. The city spans 1 ZIP code and is home to approximately 508 residents. It is a mature city, with a median age of 49.5 years.
Economically, Banks is a lower-income community. The median household income of $34,063 is well below the national average. Approximately 21.5% of residents live below the poverty line. The unemployment rate is 10.7%, more than double 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 $54,100, which is well below the national average. Homeownership is high at 82.7%, typical of suburban and family-oriented communities.
The population of Banks is less-educated. 12.2% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (81.1%).
Banks, AR offers residents a cost-conscious lifestyle within Arkansas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 71631 | 508 | $34,063 | $54,100 | — | 10.7% | 12.2% | 82.7% |