Banks, AL

Census Place

2024 Population

320

US Senator

Tommy Tuberville

Republican Party

US Senator

Katie Britt

Republican Party

2024 Median Age

29.6

3.9% 1-year decrease

2024 Poverty Rate

8.75%

36.4% 1-year decrease

2024 Median Household Income

$50,000

0.456% 1-year growth

2021 Median Property Value

$152,100

Population & Diversity

Banks, AL is home to a population of 320 people, from which 100% are citizens.

In 2024, there were 2.14 times more White (Non-Hispanic) residents (218 people) in Banks, AL than any other race or ethnicity. There were 102 Black or African American (Non-Hispanic) and 0 American Indian & Alaska Native (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Banks, AL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Banks, AL was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Banks, AL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Banks, AL

White (Non-Hispanic)
218 ± 125
Black or African American (Non-Hispanic)
102 ± 67
American Indian & Alaska Native (Non-Hispanic)
0 ± 13

The following chart shows the 8 races represented in Banks, AL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Alabama.

Most Common Origin

Mexico
53,867 ± 5,668 people
Guatemala
18,373 ± 3,322 people
Korea
11,536 ± 2,634 people

In 2024, the most common birthplace for the foreign-born residents of Alabama was Mexico, the natal country of 53,867 Alabama residents, followed by Guatemala with 18,373 and Korea with 11,536.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
5 ± 20
Gulf War (1990s)
4 ± 14

Banks, AL has a large population of military personnel who served in Gulf War (2001-), 1.25 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Banks, AL.

Economy

The economy of Banks, AL employs 179 people. In 2024, the largest industries in Banks, AL were Manufacturing (56 people), Finance & Insurance (27 people), and Retail Trade (26 people), and the highest paying industries were Manufacturing ($42,258), Retail Trade ($37,321), and Transportation & Warehousing ($30,859).

Employment

Occupations

179

2024 Value

± 105

8.48%

1 Year growth

± 82.1%

From 2023 to 2024, employment in Banks, AL grew at a rate of 8.48%, from 165 employees to 179 employees.

The most common job groups, by number of people living in Banks, AL, are Installation, Maintenance, & Repair Occupations (40 people), Sales & Related Occupations (31 people), and Office & Administrative Support Occupations (27 people). This chart illustrates the share breakdown of the primary jobs held by residents of Banks, AL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Alabama.

This chart shows weekly unemployment insurance claims in Alabama (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

179

2024 Value

± 105

8.48%

1 Year growth

± 82.1%

From 2023 to 2024, employment in Banks, AL grew at a rate of 8.48%, from 165 employees to 179 employees.

The most common employment sectors for those who live in Banks, AL, are Manufacturing (56 people), Finance & Insurance (27 people), and Retail Trade (26 people). This chart shows the share breakdown of the primary industries for residents of Banks, AL, though some of these residents may live in Banks, AL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$40,645

Median earning men ± $7,612

$36,339

Median earning women ± $7,979

The industries with the best median earnings for men in 2024 are Manufacturing ($41,613) and Finance & Insurance, & Real Estate & Rental & Leasing ($29,188).

The industries with the best median earnings for women in 2024 are Retail Trade ($36,875) and Educational Services, & Health Care & Social Assistance ($19,688).

Housing & Living

The median property value in Banks, AL was $152,100 in 2021, which is 0.457 times smaller than the national average of $332,700. Between 2020 and 2021 the median property value increased from $128,600 to $152,100, a 18.3% increase. The homeownership rate in Banks, AL is 63.1%, which is lower than the national average of 65.2%.

People in Banks, AL have an average commute time of 22.3 minutes, and they drove alone to work. Car ownership in Banks, AL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$152,100

Median Property Value 2021

±$81,043

$77

Median Property Taxes

±$47

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Banks, AL the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Banks, AL compared to it's parent and neighbor geographies.

Rent vs Own

63.1%

Homeownership

2024

58.1%

Homeowners with Mortgage

2024

In 2024, 63.1% of the housing units in Banks, AL were occupied by their owner. This percentage declined from the previous year's rate of 83.1%.

This chart shows the percentage of owner in Banks, AL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$50,000

Median Household Income

± $24,700

122

Number of Households

± 52

In 2024, the median household income of the 122 households in Banks, AL grew to $50,000 from the previous year's value of $49,773.

The following chart displays the households in Banks, AL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $40k - $45k range.

Wage Distribution

The closest comparable wage GINI for Banks, AL is from Alabama.

0.454

2024 Wage GINI in Alabama

0.456

2023 Wage GINI in Alabama

In 2024, the income inequality in Alabama was 0.454 according to the GINI calculation of the wage distribution. Income inequality had a 0.411% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Alabama was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Alabama in comparison to the national average.

This chart shows the number of workers in Alabama across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (74.3%)
Carpooled (21.8%)
Worked At Home (3.91%)

In 2024, 74.3% of workers in Banks, AL drove alone to work, followed by those who carpooled to work (21.8%) and those who worked at home (3.91%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

22.3 minutes

Average Travel Time

Using averages, employees in Banks, AL have a shorter commute time (22.3 minutes) than the normal US worker (26.4 minutes). Additionally, 2.33% of the workforce in Banks, AL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Banks, AL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Banks, AL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Banks, AL have 2 cars.

Poverty

Poverty & Diversity

8.75% of the population for whom poverty status is determined in Banks, AL (28 out of 320 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 45 - 54, followed by Females 18 - 24 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Banks, AL is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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