Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 31.9 yrs |
|---|---|
| Avg HH Size | 2.44 |
| Below Poverty | 20.2% ▲ 102% above avg |
| College Grads | 26.3% ▼ 32% below avg |
| Unemployment | 1.5% ▼ 70% below avg |
| No HS Diploma | 15 (1.4%) |
| HS Graduate | 289 (27.4%) |
| Some College | 59 (5.6%) |
| Associates | 415 (39.3%) |
| Bachelors | 168 (15.9%) |
| Graduate Degree | 109 (10.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $56,218 ▼ 26% below avg |
|---|---|
| Median Home Value | $204,100 ▼ 27% below avg |
| Home/Income Ratio | 3.6x (nat avg ~3.5x) |
| Median Rent | $953/mo |
| Total Housing Units | 959 |
| Vacant Units | 279 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Banner is a city in Kentucky, located in Floyd County. The city spans 1 ZIP code and is home to approximately 1,661 residents. It is a relatively young city, with a median age of 31.9 years.
Economically, Banner is a solidly middle-class community. The median household income of $56,218 is below the national average. Approximately 20.2% of residents live below the poverty line. The unemployment rate is 1.5%, well below the national average.
The real estate market in Banner is an affordable housing market. Median home values stand at $204,100, which is below the national average. Renters typically pay around $953 per month.
The population of Banner is moderately educated. 26.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.22%).
Banner, KY offers residents a cost-conscious lifestyle within Kentucky.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 41603 | 1,661 | $56,218 | $204,100 | $953 | 1.5% | 26.3% | 53.4% |