Banks, AL demographics:
population, income, and more

Total population
320
7.4% year-over-year change
Median household income
$50,000/yr
0.5% year-over-year change
Housing units
146
5.0% year-over-year change

Banks population

How many people live in Banks

Banks is home to 320 residents, according to the most recent Census data. Gender-wise, 60.6% of Banks locals are male, and 39.4% are female.

Total population
320
7.4% year-over-year change
Gender ratio
Male
60.6%
194
Female
39.4%
126
Value Percent YoY change
Male 194 60.6% 14.1%
Female 126 39.4% -1.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Banks is 30, with the population distributed as follows: about 14.1% are children under 15, then 29.7% are in the 15 to 24 age group. Adults between 25 and 44 make up 31.2% of the population, while another 11.9% fall into the 45 to 64 bracket. Finally, around 13.1% are 65 or older.

Median age
29.6
Age breakdown
Under 15
14.1%
15 to 24
29.7%
25 to 44
31.2%
45 to 64
11.9%
Over 65
13.1%
Value Percent YoY change
Under 15 45 14.1% 50.0%
15 to 24 95 29.7% 15.8%
25 to 44 100 31.2% 25.0%
45 to 64 38 11.9% -38.7%
Over 65 42 13.1% -4.5%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 320 100% 7.4%
Racial breakdown
White
68.1%
Black or African American
31.9%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
0%
Other
0%
Value Percent
White 218 68.1%
Black or African American 102 31.9%

Households in Banks

A peek inside Banks households

Banks has 122 households, with an average of 3 members in each. Of these, 50% are families, while the remaining 50% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
122
3.4% year-over-year change
Average people per household
3
Non-family households
61
Family households
61
Value Percent YoY change
Non-family households 61 50% -11.6%
Family households 61 50% 24.5%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Banks

The housing landscape of Banks

Banks's housing consists of 146 units, with 52% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 48% of the housing landscape.

Housing units
146
5.0% year-over-year change
Housing types
Value Percent
1 unit, detached 76 52%
Mobile home 70 48%
Homes built since 2020
0
% year-over-year change

The age of buildings in Banks

In Banks, the median construction year is 1981. About 13.7% of homes were built before the 1940s, with another 5.5% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 20 13.7% 5.3%
Built between 1940 and 1949 8 5.5% 14.3%
Built between 1950 and 1959 10 6.8% 11.1%
Built between 1960 and 1969 16 11% 100.0%
Built between 1970 and 1979 16 11% 60.0%
Built between 1980 and 1989 52 35.6% 40.5%
Built between 1990 and 1999 2 1.4% -90.9%
Built between 2000 and 2009 21 14.4% -16.0%
Built between 2010 and 2019 1 0.7% -50.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Banks occupancy rates

Out of the 122 occupied housing units in Banks, 63.1% are owner-occupied, while 36.9% are lived in by tenants. Meanwhile, 16.4% of all homes on the local market sit vacant.

Occupied housing units
122
3.4% year-over-year change
Occupancy breakdown
Renter occupied
45
Owner occupied
77
Value Percent YoY
change
Renter occupied 45 36.9% 125.0%
Owner occupied 77 63.1% -21.4%
Unoccupied housing units
16.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Banks housing costs

Housing costs in Banks come to a median of $486 per month, while tenants specifically pay a median gross rent of $1,080.

Median housing costs per month
$486/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Banks
$1,080/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Banks

Banks education at a glance

About 60.3% of the population in Banks went to high school, while 15.7% pursued college studies. Another 4.9% earned an associate degree and 14.6% hold a bachelor’s. Meanwhile, 1.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 8 3% 60.0%
High school diploma 161 60.3% -13.0%
College diploma 42 15.7% 180.0%
Associate degree 13 4.9% -7.1%
Bachelor's degree 39 14.6% 39.3%
Graduate degree 4 1.5% -73.3%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Banks

How much people earn in Banks

The average annual household income in Banks was $62,940 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +10.6% change from the previous year. At the same time, the median income stood at $50,000, reflecting a +0.5% shift over the same period.

Average household income in Banks
$62,940/year
10.6% year-over-year change
Median household income in Banks
$50,000/year
0.5% year-over-year change

Banks income by age

In Banks, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $76,250. Overall, 91.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $76,250 24.5%
Above poverty level
290
Below poverty level
28
Value Percent YoY
change
Above poverty level 290 91.2% 14.2%
Below poverty level 28 8.8% -31.7%

Average renter income in Banks

To get a better sense of what renters earn on average in Banks, their median household income was $33,839 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 38.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$33,839
Rent-to-income ratio
38.3%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Banks

Workforce and job types in Banks

The job market in Banks is powered by 179 working residents, spread across a range of industries and roles. 63.1% of the working population are employed in professional or administrative positions, while 36.9% are in hands-on or service-based jobs. Also, 0.6% run their own businesses, 92.7% are employed by private companies, and 6.7% work in the public sector.

Workforce demographics

Working population
179
8.5% year-over-year change
White collar
113
Blue collar
66
Value Percent YoY change
White collar 113 63.1% 20.2%
Blue collar 66 36.9% -7.0%
Employer type
Self employees
0.6%
Private companies
92.7%
Governmental workers
6.7%
Not for profit companies
0%
Value Percent YoY change
Self employees 1 0.6% -50.0%
Private companies 166 92.7% 16.1%
Governmental workers 12 6.7% -40.0%
Unemployment rate
11.0%
-4.3% year-over-year change

Available workforce

The unemployment rate in Banks stands at 11%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Banks

How people get around in Banks

In Banks, the average commute time is 22 minutes.

Commute time
22 min
-2.6% year-over-year change
Means of transportation
Value Percent YoY change
Car 172 96.1% 6.2%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Banks by zipcode?

Zipcode Population Number of households Median income Average income
36005 1,600 604 $47,250 $64,628

Explore more communities

FAQs about Banks demographics 

What is the total population of Banks?

Banks has a total population of 320 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +7.4% compared to a year ago.

What is the gender ratio in Banks?

The gender ratio in Banks is as follows:
  • 60.6% males (194 residents)
  • 39.4% females (126 residents)

What is the median age in Banks?

The median age in Banks is 29.6.

What is the age distribution of the population in Banks?

The age distribution in Banks is as follows:
  • Under 15: 14.1% (45 residents)
  • Ages 15-24: 29.7% (95 residents)
  • Ages 25-44: 31.2% (100 residents)
  • Ages 45-64: 11.9% (38 residents)
  • Over 65: 13.1% (42 residents)

What is the racial and ethnic makeup of Banks?

The racial and ethnic makeup of Banks is as follows:
  • White: 68.1% (218 residents)
  • Black or African American: 31.9% (102 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 0% (0 residents)
  • Other: 0% (0 residents)

What percentage of the population in Banks are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Banks.

How many housing units are there in Banks?

There are 146 housing units in Banks, reflecting a +5.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Banks and what is the average household size?

Banks has a total of 122 households, with an average of 3 people in each.

What is the median household income in Banks?

Banks has a median household income of $50,000, representing a +0.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Banks?

The employment rate is 89% in Banks, with a workforce of 179 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 63.1% (113 residents)
  • Blue-collar workers: 36.9% (66 residents)

Places of employment:
  • Self-employed: 0.6% (1 residents)
  • Private companies: 92.7% (166 residents)
  • Governmental workers: 6.7% (12 residents)
  • Not-for-profit companies: 0% (0 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025