At a Glance
Median Income
$49,773
$31,499 per capita
Median Rent
$1,057/mo
35.3% of income on rent
Bachelor's Degree+
23.1%
78.5% high school+
Unemployment
12.2%
0.0% poverty rate
Obesity Rate
42.3%
19.5% smoking rate
How Banks Compares to the U.S. Average
Each bar shows Banks's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Banks a Good Place to Live?
B
3.3 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Banks residents earn a median household income of $49,773 , which is 34% below the national average of $75,149.
Per capita income is $31,499. The unemployment rate stands at 12.2% (239% above the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 805 business establishments, including 91 restaurants.
Education
23.1% of adults in Banks hold a bachelor's degree or higher
(31% below the national average).
78.5% have completed high school. Local schools score 4.7/10 in standardized testing.
Climate & Weather
Banks has an average annual temperature of 65°F (18°C).
Winters average 48°F in January while summers reach 79°F in July. Annual precipitation totals 54.6 inches.
Data Overview
People
Population298
Median Age30.8 yrs
Density150/mi²
Male / Female57% / 43%
Foreign Born0.0%
Veterans2.7%
Economy
C+
Median Income$49,773
Per Capita$31,499
Unemployment12.2%
Poverty0.0%
County GDP$2,067M
Avg Weekly Wage$993
Housing
A
Home Value
Rent$1,057
Ownership83.1%
Zillow$108,360
Housing Units128
Rent Burden35.3%
Health
Obesity42.3%
Diabetes13.8%
Smoking19.5%
Heart Disease7.1%
Premature Death13,497/100K
Climate
Avg Temp65°F
Rain54.6 in/yr
Elevation490 ft
Education
C+
Bachelor's+23.1%
High School+78.5%
Graduate+8.5%
School Score4.7/10
Community
2024 VoteR 62% / D 37%
Commute23 min
Broadband75.4%
Internet Speed143 Mbps
EV Stations2
Libraries2
Did You Know?
The median home in Banks was built in 1983.
The nearest airport is Dothan Regional (41 miles).
The Gini coefficient (income inequality) is 0.519 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
9.4% of the population has a disability.
Average internet download speed is 143 Mbps.
The county recorded 8 fatal vehicle crashes.
91 declared natural disasters on record.