Banks, OR

Census Place

2024 Population

2,156

US Senator

Ron Wyden

Democratic Party

US Senator

Jeff Merkley

Democratic Party

2024 Median Age

34.3

1.44% 1-year decrease

2024 Poverty Rate

9.26%

8.68% 1-year increase

2024 Median Household Income

$86,087

1.7% 1-year growth

2024 Median Property Value

$446,800

Population & Diversity

Banks, OR is home to a population of 2.16k people, from which 98.6% are citizens.

As of 2024, 8.77% of Banks, OR residents were born outside of the country (189 people).

In 2024, there were 13.2 times more White (Non-Hispanic) residents (1.53k people) in Banks, OR than any other race or ethnicity. There were 116 Two Races Including Other (Hispanic) and 109 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.6%

2024 Citizenship

98.3%

2023 Citizenship

As of 2024, 98.6% of Banks, OR residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Banks, OR was 98.3%, meaning that the rate of citizenship has been increasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Banks, OR

White (Non-Hispanic)
1.53k ± 231
Two Races Including Other (Hispanic)
116 ± 119
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
109 ± 97

13%

Hispanic Population

281 people

13% of the people in Banks, OR are hispanic (281 people).

The following chart shows the 8 races represented in Banks, OR 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 Oregon.

Most Common Origin

Mexico
144,017 ± 9,158 people
Vietnam
20,980 ± 3,547 people
India
20,652 ± 3,520 people

In 2024, the most common birthplace for the foreign-born residents of Oregon was Mexico, the natal country of 144,017 Oregon residents, followed by Vietnam with 20,980 and India with 20,652.

Foreign-Born Population

8.77%

2024 Foreign-Born Population

189 people

8.7%

2023 Foreign-Born Population

182 people

As of 2024, 8.77% of Banks, OR residents (189 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, OR was 8.7%, meaning that the rate has been increasing.

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

Military

Veterans

Most Common Service Period

Gulf War (1990s)
34 ± 22
Gulf War (2001-)
31 ± 31
Vietnam
11 ± 21

Banks, OR has a large population of military personnel who served in Gulf War (1990s), 1.1 times greater than any other conflict.

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

Economy

The economy of Banks, OR employs 1.19k people. In 2024, the largest industries in Banks, OR were Retail Trade (187 people), Educational Services (169 people), and Manufacturing (159 people), and the highest paying industries were Finance & Insurance ($98,750), Manufacturing ($85,391), and Health Care & Social Assistance ($82,708).

Employment

Occupations

1.19k

2024 Value

± 216

6.8%

1 Year growth

± 24.4%

From 2023 to 2024, employment in Banks, OR grew at a rate of 6.8%, from 1.12k employees to 1.19k employees.

The most common job groups, by number of people living in Banks, OR, are Education Instruction, & Library Occupations (157 people), Management Occupations (152 people), and Sales & Related Occupations (149 people). This chart illustrates the share breakdown of the primary jobs held by residents of Banks, OR.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Oregon (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

1.19k

2024 Value

± 216

6.8%

1 Year growth

± 24.4%

From 2023 to 2024, employment in Banks, OR grew at a rate of 6.8%, from 1.12k employees to 1.19k employees.

The most common employment sectors for those who live in Banks, OR, are Retail Trade (187 people), Educational Services (169 people), and Manufacturing (159 people). This chart shows the share breakdown of the primary industries for residents of Banks, OR, though some of these residents may live in Banks, OR and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$77,647

Median earning men ± $7,559

$33,417

Median earning women ± $15,911

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($101,250), Transportation & Warehousing, & Utilities ($90,865), and Construction ($85,781).

The industries with the best median earnings for women in 2024 are Manufacturing ($140,417), Other Services Except Public Administration ($100,313), and Finance & Insurance, & Real Estate & Rental & Leasing ($91,667).

Housing & Living

The median property value in Banks, OR was $446,800 in 2024, which is 1.34 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $430,200 to $446,800, a 3.86% increase. The homeownership rate in Banks, OR is 72.6%, which is higher than the national average of 65.2%.

People in Banks, OR have an average commute time of 26.2 minutes, and they drove alone to work. Car ownership in Banks, OR is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$446,800

Median Property Value 2024

±$33,662

$611

Median Property Taxes

±$173

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, OR the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

72.6%

Homeownership

2024

74.1%

Homeowners with Mortgage

2024

In 2024, 72.6% of the housing units in Banks, OR were occupied by their owner. This percentage declined from the previous year's rate of 76.9%.

This chart shows the percentage of owner in Banks, OR 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.

$86,087

Median Household Income

± $11,943

842

Number of Households

± 194

In 2024, the median household income of the 842 households in Banks, OR grew to $86,087 from the previous year's value of $84,651.

The following chart displays the households in Banks, OR 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 $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Banks, OR is from Oregon.

0.459

2024 Wage GINI in Oregon

0.461

2023 Wage GINI in Oregon

In 2024, the income inequality in Oregon was 0.459 according to the GINI calculation of the wage distribution. Income inequality had a 0.412% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Oregon was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Oregon in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (76.7%)
Worked At Home (14.2%)
Carpooled (4.81%)

In 2024, 76.7% of workers in Banks, OR drove alone to work, followed by those who worked at home (14.2%) and those who carpooled to work (4.81%).

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

26.2 minutes

Average Travel Time

Using averages, employees in Banks, OR have a shorter commute time (26.2 minutes) than the normal US worker (26.4 minutes). Additionally, 0.989% of the workforce in Banks, OR have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

9.26% of the population for whom poverty status is determined in Banks, OR (199 out of 2.15k 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 35 - 44, followed by Males < 5 and then Females 18 - 24.

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

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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