Banks Lake South, WA

Census Place

2024 Population

348

US Senator

Patty Murray

Democratic Party

US Senator

Maria Cantwell

Democratic Party

2024 Median Age

31.3

35.6% 1-year decrease

2024 Poverty Rate

7.47%

26.6% 1-year decrease

2024 Median Household Income

$53,558

24.8% 1-year growth

2024 Median Property Value

$252,100

Population & Diversity

Banks Lake South, WA is home to a population of 348 people, from which 100% are citizens.

As of 2024, 1.72% of Banks Lake South, WA residents were born outside of the country (6 people).

In 2024, there were 3.06 times more White (Non-Hispanic) residents (236 people) in Banks Lake South, WA than any other race or ethnicity. There were 77 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 13 White (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 Lake South, WA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Banks Lake South, WA was 100%, meaning that the rate of citizenship has been maintaining.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Banks Lake South, WA

White (Non-Hispanic)
236 ± 90
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
77 ± 55
White (Hispanic)
13 ± 17

5.46%

Hispanic Population

19 people

5.46% of the people in Banks Lake South, WA are hispanic (19 people).

The following chart shows the 8 races represented in Banks Lake South, WA 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 Washington.

Most Common Origin

Mexico
247,954 ± 12,030 people
India
116,227 ± 8,308 people
China
94,449 ± 7,500 people

In 2024, the most common birthplace for the foreign-born residents of Washington was Mexico, the natal country of 247,954 Washington residents, followed by India with 116,227 and China with 94,449.

Foreign-Born Population

1.72%

2024 Foreign-Born Population

6 people

As of 2024, 1.72% of Banks Lake South, WA residents (6 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Banks Lake South, WA was 0%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Banks Lake South, WA compared to that of it's neighboring and parent geographies.

Military

Veterans

Vietnam

Most Common Service Period

12 ± 26

The chart shows the distribution of veterans by conflict in Banks Lake South, WA.

Economy

The economy of Banks Lake South, WA employs 152 people. In 2024, the largest industries in Banks Lake South, WA were Accommodation & Food Services (60 people), Agriculture, Forestry, Fishing & Hunting (26 people), and Health Care & Social Assistance (24 people), and the highest paying industries were Agriculture, Forestry, Fishing & Hunting ($53,587), Agriculture, Forestry, Fishing & Hunting, & Mining ($53,587), and Educational Services, & Health Care & Social Assistance ($19,917).

Employment

Occupations

152

2024 Value

± 113

74.7%

1 Year growth

± 79.1%

From 2023 to 2024, employment in Banks Lake South, WA grew at a rate of 74.7%, from 87 employees to 152 employees.

The most common job groups, by number of people living in Banks Lake South, WA, are Office & Administrative Support Occupations (74 people), Farming, Fishing, & Forestry Occupations (23 people), and Material Moving Occupations (20 people). This chart illustrates the share breakdown of the primary jobs held by residents of Banks Lake South, WA.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Washington (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

152

2024 Value

± 113

74.7%

1 Year growth

± 79.1%

From 2023 to 2024, employment in Banks Lake South, WA grew at a rate of 74.7%, from 87 employees to 152 employees.

The most common employment sectors for those who live in Banks Lake South, WA, are Accommodation & Food Services (60 people), Agriculture, Forestry, Fishing & Hunting (26 people), and Health Care & Social Assistance (24 people). This chart shows the share breakdown of the primary industries for residents of Banks Lake South, WA, though some of these residents may live in Banks Lake South, WA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$53,967

Median earning men ± $10,096

$13,413

Median earning women ± $5,212

The industries with the best median earnings for men in 2024 are Agriculture, Forestry, Fishing & Hunting, & Mining ($53,587).

The industries with the best median earnings for women in 2024 are .

Housing & Living

The median property value in Banks Lake South, WA was $252,100 in 2024, which is 0.758 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $252,400 to $252,100, a 0.119% decrease. The homeownership rate in Banks Lake South, WA is 73.9%, which is higher than the national average of 65.2%.

People in Banks Lake South, WA have an average commute time of 31.5 minutes, and they drove alone to work. Car ownership in Banks Lake South, WA is higher than the national average, with an average of 5 cars per household.

Housing

Property

$252,100

Median Property Value 2024

±$61,830

$88

Median Property Taxes

±$44

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 Lake South, WA the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

73.9%

Homeownership

2024

65.7%

Homeowners with Mortgage

2024

In 2024, 73.9% of the housing units in Banks Lake South, WA were occupied by their owner. This percentage declined from the previous year's rate of 82.8%.

This chart shows the percentage of owner in Banks Lake South, WA 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.

$53,558

Median Household Income

± $19,963

119

Number of Households

± 63

In 2024, the median household income of the 119 households in Banks Lake South, WA grew to $53,558 from the previous year's value of $42,917.

The following chart displays the households in Banks Lake South, WA 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 $15k - $20k range.

Wage Distribution

The closest comparable wage GINI for Banks Lake South, WA is from Washington.

0.469

2024 Wage GINI in Washington

0.468

2023 Wage GINI in Washington

In 2024, the income inequality in Washington was 0.469 according to the GINI calculation of the wage distribution. Income inequality had a 0.0979% growth from 2023 to 2024, which means that wage distribution grew somewhat less even. The GINI for Washington was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Washington in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (86.8%)
Worked At Home (13.2%)

In 2024, 86.8% of workers in Banks Lake South, WA drove alone to work, followed by those who worked at home (13.2%) and those who carpooled to work (0%).

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

31.5 minutes

Average Travel Time

Using averages, employees in Banks Lake South, WA have a longer commute time (31.5 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Banks Lake South, WA have "super commutes" in excess of 90 minutes.

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

Car Ownership

5 cars

Average Number

The following chart displays the households in Banks Lake South, WA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Banks Lake South, WA have 5 cars.

Poverty

Poverty & Diversity

7.47% of the population for whom poverty status is determined in Banks Lake South, WA (26 out of 348 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 Females 55 - 64, followed by Males 55 - 64 and then Females 75+.

The most common racial or ethnic group living below the poverty line in Banks Lake South, WA is White, followed by Two Or More and Black.

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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