Banner Elk, NC

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Population

1,451

15.5% growth

Median Age

21.6


Median Household Income

$53,750

22.2% decline

Poverty Rate

16.9%


Number of Employees

637

49.2% growth

Median Property Value

$295,500

7.77% decline

About

Economy

Health

Diversity

Education

Housing & Living

About

In 2017, Banner Elk, NC had a population of 1.45k people with a median age of 21.6 and a median household income of $53,750. Between 2016 and 2017 the population of Banner Elk, NC grew from 1,256 to 1,451, a 15.5% increase and its median household income declined from $69,107 to $53,750, a -22.2% decrease.

The population of Banner Elk, NC is 83.5% White Alone, 9.86% Hispanic or Latino, and 2.69% Black or African American Alone. N/A% of the people in Banner Elk, NC speak a non-English language, and 91.7% are U.S. citizens.

The largest universities in Banner Elk, NC are Lees-McRae College (326 degrees awarded in 2017).

The median property value in Banner Elk, NC is $295,500, and the homeownership rate is 45.6%. Most people in Banner Elk, NC commute by Drove Alone, and the average commute time is 14.7 minutes. The average car ownership in Banner Elk, NC is 2 cars per household.

Photo by Jeremy Taylor

United StatesNorth CarolinaAvery County, NCWatauga, Ashe, Yancey, Avery & Mitchell Counties PUMA, NC

Economy

The economy of Banner Elk, NC employs 637 people. The largest industries in Banner Elk, NC are Educational Services (179 people), Accommodation & Food Services (146 people), and Construction (84 people), and the highest paying industries are Arts, Entertainment, & Recreation ($100,515), Health Care & Social Assistance ($62,500), and Public Administration ($50,750).

Median household income in Banner Elk, NC is $53,750. Males in Banner Elk, NC have an average income that is 1.34 times higher than the average income of females, which is $44,729. The income inequality in Banner Elk, NC (measured using the Gini index) is 0.473, which is lower than than the national average.

Wages

Median Household Income

$53,750

2017 value

± $24,572

-22.2%

1 Year Growth

± 73.1%

Households in Banner Elk, NC have a median annual income of $53,750, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $69,107 in 2016, which represents a -22.2% annual growth.

Look at the chart to see how the median household income in Banner Elk, NC compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

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

$59,982

Average Male Salary

± $1,136

$44,729

Average Female Salary

± $812

In 2017, full-time male employees in North Carolina made 1.34 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in North Carolina by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

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

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $59,267 ± $4,472

  2. White

    $49,962 ± $811

  3. Two or More Races

    $36,539 ± $3,942

In 2017 the highest paid race/ethnicity of North Carolina workers was Asian. These workers were paid 1.19 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in North Carolina by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Banner Elk, NC is from North Carolina.

0.473

2017 Wage GINI

0.471

2016 Wage GINI

In 2017, the income inequality in North Carolina was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.39% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for North Carolina was lower than than the national average of 0.479. In other words, wages are distributed more evenly in North Carolina in comparison to the national average.

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

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Income by Location

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Highest Median Household Income (Total)

  1. N/A

  2. N/A

  3. N/A

In 2017, the place with the highest Median Household Income (Total) in Banner Elk, NC was N/A with a value of N/A, followed by N/A and N/A, with respective values of N/A and N/A.

The following map shows all of the places in Banner Elk, NC colored by their Median Household Income (Total).

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Poverty by Age and Gender

Males 45 - 54

Largest Demographic Living in Poverty

16.9% of the population for whom poverty status is determined in Banner Elk, NC (124 out of 735 people) live below the poverty line, a number that is higher than the national average of 13.1%. The largest demographic living in poverty are Males 45 - 54, followed by Females 25 - 34 and then Females 18 - 24.

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.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    77 ± 72

  2. Hispanic

    71 ± 78

  3. Other

    32 ± 71

The most common racial or ethnic group living below the poverty line in Banner Elk, NC is White, followed by Hispanic and Other.

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.

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Occupations

Employment by Occupations

637

2017 Value

± 240

49.2%

1 Year growth

± 30.7%

From 2016 to 2017, employment in Banner Elk, NC grew at a rate of 49.2%, from 427 employees to 637 employees.

The most common job groups, by number of people living in Banner Elk, NC, are Education Instruction, & Library Occupations (138 people), Food Preparation & Serving Related Occupations (119 people), and Management Occupations (77 people). This chart illustrates the share breakdown of the primary jobs held by residents of Banner Elk, NC.

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Most Common

The most common jobs held by residents of Banner Elk, NC, by number of employees, are Education Instruction, & Library Occupations (138 people), Food Preparation & Serving Related Occupations (119 people), and Management Occupations (77 people).

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Most Specialized

Compared to other places, Banner Elk, NC has an unusually high number of residents working as Education Instruction, & Library Occupations (3.58 times higher than expected), Food Preparation & Serving Related Occupations (3.19 times), and Building & Grounds Cleaning & Maintenance Occupations (1.88 times).

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Highest Paid

The highest paid jobs held by residents of Banner Elk, NC, by median earnings, are Computer, Engineering, & Science Occupations ($89,500), Computer & Mathematical Occupations ($89,500), and Management Occupations ($83,068).

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Industries

Employment by Industries

637

2017 Value

± 240

49.2%

1 Year growth

± 30.7%

From 2016 to 2017, employment in Banner Elk, NC grew at a rate of 49.2%, from 427 employees to 637 employees.

The most common employment sectors for those who live in Banner Elk, NC, are Educational Services (179 people), Accommodation & Food Services (146 people), and Construction (84 people). This chart shows the share breakdown of the primary industries for residents of Banner Elk, NC, though some of these residents may live in Banner Elk, NC and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Banner Elk, NC, by number of employees, are Educational Services (179 people), Accommodation & Food Services (146 people), and Construction (84 people).

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Most Specialized

Compared to other places, Banner Elk, NC has an unusually high number of Educational Services (3.03 times higher than expected), Accommodation & Food Services (3.01 times), and Construction (2.1 times) industries.

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Highest Paying

The highest paying industries in Banner Elk, NC, by median earnings, are Arts, Entertainment, & Recreation ($100,515), Health Care & Social Assistance ($62,500), and Public Administration ($50,750).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from North Carolina to other states, or from other states to North Carolina.

Top Domestic Production in Dollars

  1. Mixed freight

    $54.9B

  2. Pharmaceuticals

    $41.2B

  3. Machinery

    $40B

In 2015, the top outbound North Carolina product (by dollars) was Mixed freight with $54.9B, followed by Pharmaceuticals ($41.2B) and Machinery ($40B).

The following chart shows the share of these products in relation to all outbound North Carolina products.

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Domestic Trade Growth

Showing data for North Carolina state.

$443B

2020 Value

$632B

Projected 2045 Value

42.7% growth

In 2020, total outbound North Carolina trade was $443B. This is expected to increase 42.7% to $632B by 2045.

The following chart shows how the domestic outbound North Carolina trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from North Carolina to other states, or from other states to North Carolina.

Most Common Trade Partners

  1. South Carolina

    $28.4B

  2. Virginia

    $28.1B

  3. Georgia

    $28B

In 2015, the top outbound North Carolina domestic partner for goods and services (by dollars) was South Carolina with $28.4B, followed by Virginia with $28.1B and Georgia and $28B.

The following map shows the amount of trade that North Carolina shares with each state (excluding itself).

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Health

85.1% of the population of Banner Elk, NC has health coverage, with 41.5% on employee plans, 7.1% on Medicaid, 6.75% on Medicare, 29.8% on non-group plans, and 0% on military or VA plans.

Per capita personal health care spending in the place of Banner Elk, NC was $7,264 in 2014. This is a 3.37% increase from the previous year ($7,027).

Primary care physicians in Banner Elk, NC see 1417 patients per year on average, which represents a 0.496% increase from the previous year (1410 patients). Compare this to dentists who see 1829 patients per year, and mental health providers who see 464 patients per year.

Comparing across all counties in the state, Edgecombe County has the highest prevalence of diabetes (16.2%). Additionally, Hertford County has the highest prevalence of adult obesity (40.5%)

Patient to Clinician Ratios

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

1,417 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in North Carolina see an average of 1,417 patients per year. This represents a 0.496% increase from the previous year (1,410 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in North Carolina in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. West Virginia

    8.26% of the population affected

  2. Arkansas

    8.13% of the population affected

  3. New Hampshire

    7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. Mississippi

    19.2% of adults

  2. Texas

    17.9% of adults

  3. Louisiana

    17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

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

$7,264

Total Per Capita Spending on Personal Health Care 

$3,859

Per Enrollee Private Health Insurance Spending on Personal Health Care

$7,225

Per Enrollee Medicaid Spending on Personal Health Care

$10,260

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in North Carolina (including private, Medicare, and Medicaid) grew 3.37%, from $7,027 to $7,264.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

14.9%

Uninsured

41.5%

Employer Coverage

7.1%

Medicaid

6.75%

Medicare

29.8%

Non-Group

0%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Banner Elk, NC grew by 15.4% from 12.9% to 14.9%.

The following chart shows how the percent of uninsured individuals in Banner Elk, NC changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. Edgecombe County

    16.2% prevalence

  2. Robeson County

    16.1% prevalence

  3. Hertford County

    16% prevalence

Edgecombe County has the highest prevalence of diabetes in North Carolina, at 16.2%.

The following map shows the prevalence of diabetes in North Carolina by county over multiple years.

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Diversity

Banner Elk, NC is home to a population of 1.45k people, from which 91.7% are citizens. As of 2017, 12% of Banner Elk, NC residents were born outside of the country (174 people).

The ethnic composition of the population of Banner Elk, NC is composed of 1.21k White Alone residents (83.5%), 143 Hispanic or Latino residents (9.86%), 39 Black or African American Alone residents (2.69%), 29 Two or More Races residents (2%), 23 Asian Alone residents (1.59%), 5 Some Other Race Alone residents (0.345%), 0 Native Hawaiian & Other Pacific Islander Alone residents (0%), and 0 American Indian & Alaska Native Alone residents (0%).

Age

Age by Nativity

21

Median Native-Born Age

± 0.6

37

Median Foreign-Born Age

± 20.7

In 2017, the median age of all people in Banner Elk, NC was 21.6. Native-born citizens, with a median age of 21, were generally younger than than foreign-born citizens, with a median age of 37. But people in Banner Elk, NC are getting getting older. In 2016, the average age of all Banner Elk, NC residents was 21.

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Heritage

Foreign-Born Population

12%

2017 Foreign-Born Population

174 people

11.4%

2016 Foreign-Born Population

143 people

As of 2017, 12% of Banner Elk, NC residents (174 people) were born outside of the United States, which is lower than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Banner Elk, NC was 11.4%, meaning that the rate has been increasing.

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

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Global Diversity

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

Most Common Origin

  1. Mexico

    242,756 ± 11,950 people

  2. India

    60,392 ± 6,015 people

  3. Honduras

    34,513 ± 4,553 people

In 2017, the most common birthplace for the foreign-born residents of North Carolina was Mexico, the natal country of 242,756 North Carolina residents, followed by India with 60,392 and Honduras with 34,513.

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Citizenship

91.7%

2017 Citizenship

91.5%

2016 Citizenship

As of 2017, 91.7% of Banner Elk, NC residents were US citizens, which is lower than the national average of 93.2%. In 2016, the percentage of US citizens in Banner Elk, NC was 91.5%, meaning that the rate of citizenship has been increasing.

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

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Race and Ethnicity

Most Common

  1. White Alone

    1.21k ± 408

  2. Hispanic or Latino

    143 ± 109

  3. Black or African American Alone

    39 ± 31

In 2017, there were 8.48 times more White Alone residents (1.21k people) in Banner Elk, NC than any other race or ethnicity. There were 143 Hispanic or Latino and 39 Black or African American Alone residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Banner Elk, NC as a share of the total population.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    11 ± 19

  2. Gulf War (2001-)

    6 ± 20

  3. Gulf War (1990s)

    0 ± 17

Banner Elk, NC has a large population of military personnel who served in Vietnam, 1.83 times greater than any other conflict.

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Education

In 2017, universities in Banner Elk, NC awarded 326 degrees. The student population of Banner Elk, NC is skewed towards women, with 300 male students and 621 female students.

Most students graduating from Universities in Banner Elk, NC are White (228 and 70.8%), followed by Unknown (62 and 19.3%), Black or African American (11 and 3.42%), and Hispanic or Latino (10 and 3.11%).

The largest universities in Banner Elk, NC by number of degrees awarded are Lees-McRae College (326 and 100%).

The most popular majors in Banner Elk, NC are Registered Nursing (95 and 29.1%), Criminal Justice - Law Enforcement Administration (54 and 16.6%), and Elementary Education & Teaching (38 and 11.7%).

The median tuition costs in Banner Elk, NC are $24,878 for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. Registered Nursing

    95 degrees awarded

  2. Criminal Justice - Law Enforcement Administration

    54 degrees awarded

  3. Elementary Education & Teaching

    38 degrees awarded

In 2015, the most common concentation for Bachelors Degree recipients in Banner Elk, NC was Registered Nursing with 95 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Banner Elk, NC according to their major.

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Universities

Lees-McRae College

Largest Universities by degrees awarded

326 degrees awarded

$N/A

Median In-State Public

$24,878

Median Private

In 2017, the Banner Elk, NC institution with the largest number of graduating students was Lees-McRae College with 326 degrees awarded.

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Student Gender for Common Institutions

100

Degrees Awarded to Men

226

Degrees Awarded to Women

In 2017, 100 men were awarded degrees from institutions in Banner Elk, NC, which is 0.442 times less than the 226 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Banner Elk, NC by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    228 degrees awarded

  2. Unknown

    62 degrees awarded

  3. Black or African American

    11 degrees awarded

In 2017 the majority of degrees awarded at institutions in Banner Elk, NC were to White students. These 228 degrees mean that there were 3.68 times more White students then the next closest race/ethnicity group, Unknown, with 62 degrees awarded.

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Housing & Living

The median property value in Banner Elk, NC was $295,500 in 2017, which is 1.29 times larger than the national average of $229,700. Between 2016 and 2017 the median property value increased from $320,400 to $295,500, a 7.77% decrease. The homeownership rate in Banner Elk, NC is 45.6%, which is lower than the national average of 63.9%. People in Banner Elk, NC have an average commute time of 14.7 minutes, and they commute by Drove Alone. Car ownership in Banner Elk, NC is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property Value

$295,500

2017 Median

± $85,150

$320,400

2016 Median

± $54,439

In 2017, the median property value in Banner Elk, NC declined from to $295,500 from the previous year's value of $320,400.

The following charts display, first, the property values in Banner Elk, NC compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Banner Elk, NC the largest share of households have a property value in the $300k - $400k range.

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Household Income

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

$53,750

Median Household Income

± $24,572

360

Number of Households

± 107

In 2017, the median household income of the 360 households in Banner Elk, NC declined from $53,750 from the previous year's value of $69,107.

The following chart displays the households in Banner Elk, NC 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 $35k - $40k range.

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Property Taxes

$800 - $1,499

Average Range

This chart shows the households in Banner Elk, NC distributed between a series of property tax buckets compared to the national averages for each bucket. In Banner Elk, NC the largest share of households pay taxes in the $800 - $1,499 range.

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Rent vs Own

45.6%

2017 Homeownership

53.2%

2016 Homeownership

In 2017, 45.6% of the housing units in Banner Elk, NC were occupied by their owner. This percentage declined from the previous year's rate of 53.2%.

This percentage of owner-occupation is lower than the national average of 63.9%. This chart shows the ownership percentage in Banner Elk, NC compared it's parent and neighboring geographies.

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Commute Time

14.7 minutes

Average Travel Time

Using averages, employees in Banner Elk, NC have a shorter commute time (14.7 minutes) than the normal US worker (25.1 minutes). Additionally, 2.76% of the workforce in Banner Elk, NC have "super commutes" in excess of 90 minutes.

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

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    63.6%

  2. Walked

    19.7%

  3. Carpooled

    9.77%

In 2017, the most common method of travel for workers in Banner Elk, NC was Drove Alone (63.6%), followed by those who Walked (19.7%) and those who Carpooled (9.77%).

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.

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Transportation

Car Ownership

2 cars

Average Number

The following chart displays the households in Banner Elk, NC distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Banner Elk, NC have 2 cars, followed by 1 car.

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