Banks Springs, LA

Census Place

2024 Population

1,406

US Senator

Bill Cassidy

Republican Party

US Senator

John Kennedy

Republican Party

2024 Median Age

29.9

1.32% 1-year decrease

2024 Poverty Rate

65.3%

14.9% 1-year increase

2024 Median Household Income

$26,232

17.9% 1-year growth

2024 Median Property Value

$80,700

Population & Diversity

Banks Springs, LA is home to a population of 1.41k people, from which 98.4% are citizens.

As of 2024, 1.64% of Banks Springs, LA residents were born outside of the country (23 people).

In 2024, there were 3.75 times more Black or African American (Non-Hispanic) residents (1.09k people) in Banks Springs, LA than any other race or ethnicity. There were 291 White (Non-Hispanic) and 23 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.4%

2024 Citizenship

97.8%

2023 Citizenship

As of 2024, 98.4% of Banks Springs, LA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Banks Springs, LA was 97.8%, meaning that the rate of citizenship has been increasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Banks Springs, LA

Black or African American (Non-Hispanic)
1.09k ± 333
White (Non-Hispanic)
291 ± 140
Two Races Including Other (Hispanic)
23 ± 37

1.64%

Hispanic Population

23 people

1.64% of the people in Banks Springs, LA are hispanic (23 people).

The following chart shows the 8 races represented in Banks Springs, LA 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 Louisiana.

Most Common Origin

Honduras
48,818 ± 5,396 people
Mexico
27,788 ± 4,080 people
Vietnam
17,351 ± 3,228 people

In 2024, the most common birthplace for the foreign-born residents of Louisiana was Honduras, the natal country of 48,818 Louisiana residents, followed by Mexico with 27,788 and Vietnam with 17,351.

Foreign-Born Population

1.64%

2024 Foreign-Born Population

23 people

2.23%

2023 Foreign-Born Population

32 people

As of 2024, 1.64% of Banks Springs, LA residents (23 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 Springs, LA was 2.23%, meaning that the rate has been decreasing.

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

Military

Veterans

Gulf War (1990s)

Most Common Service Period

9 ± 21

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

Economy

The economy of Banks Springs, LA employs 469 people. In 2024, the largest industries in Banks Springs, LA were Manufacturing (333 people), Other Services, Except Public Administration (44 people), and Accommodation & Food Services (23 people), and the highest paying industries were Manufacturing ($47,808).

Employment

Occupations

469

2024 Value

± 247

−18.3%

1 Year decline

± 87.3%

From 2023 to 2024, employment in Banks Springs, LA declined at a rate of −18.3%, from 574 employees to 469 employees.

The most common job groups, by number of people living in Banks Springs, LA, are Material Moving Occupations (149 people), Farming, Fishing, & Forestry Occupations (142 people), and Production Occupations (42 people). This chart illustrates the share breakdown of the primary jobs held by residents of Banks Springs, LA.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Louisiana (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

469

2024 Value

± 247

−18.3%

1 Year decline

± 87.3%

From 2023 to 2024, employment in Banks Springs, LA declined at a rate of −18.3%, from 574 employees to 469 employees.

The most common employment sectors for those who live in Banks Springs, LA, are Manufacturing (333 people), Other Services, Except Public Administration (44 people), and Accommodation & Food Services (23 people). This chart shows the share breakdown of the primary industries for residents of Banks Springs, LA, though some of these residents may live in Banks Springs, LA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$31,949

Median earning men ± $50,243

$25,465

Median earning women ± $1,652

The industries with the best median earnings for men in 2024 are Manufacturing ($47,808).

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

Housing & Living

The median property value in Banks Springs, LA was $80,700 in 2024, which is 0.243 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $70,400 to $80,700, a 14.6% increase. The homeownership rate in Banks Springs, LA is 38%, which is lower than the national average of 65.2%.

People in Banks Springs, LA have an average commute time of 26.4 minutes, and they drove alone to work. Car ownership in Banks Springs, LA is lower than the national average, with an average of 1 car per household.

Housing

Property

$80,700

Median Property Value 2024

±$74,717

$162

Median Property Taxes

±$87

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 Springs, LA the largest share of households pay taxes in the None range.

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

Rent vs Own

38%

Homeownership

2024

69.7%

Homeowners with Mortgage

2024

In 2024, 38% of the housing units in Banks Springs, LA were occupied by their owner. This percentage declined from the previous year's rate of 39.8%.

This chart shows the percentage of owner in Banks Springs, LA 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.

$26,232

Median Household Income

± $2,822

426

Number of Households

± 154

In 2024, the median household income of the 426 households in Banks Springs, LA grew to $26,232 from the previous year's value of $22,240.

The following chart displays the households in Banks Springs, LA 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 $25k - $30k range.

Wage Distribution

The closest comparable wage GINI for Banks Springs, LA is from Louisiana.

0.464

2024 Wage GINI in Louisiana

0.465

2023 Wage GINI in Louisiana

In 2024, the income inequality in Louisiana was 0.464 according to the GINI calculation of the wage distribution. Income inequality had a 0.265% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Louisiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Louisiana in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (90.2%)
Other (9.35%)
Carpooled (0.445%)

In 2024, 90.2% of workers in Banks Springs, LA drove alone to work, followed by those who used some unspecified means to get work (9.35%) and those who carpooled to work (0.445%).

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

26.4 minutes

Average Travel Time

Using averages, employees in Banks Springs, LA have a shorter commute time (26.4 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Banks Springs, LA have "super commutes" in excess of 90 minutes.

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

Car Ownership

1 car

Average Number

The following chart displays the households in Banks Springs, LA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Banks Springs, LA have 1 car.

Poverty

Poverty & Diversity

65.3% of the population for whom poverty status is determined in Banks Springs, LA (871 out of 1.33k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Males 25 - 34 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Banks Springs, LA is Black, followed by White 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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