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Banks, AL
Full City Profile · Alabama · Pike County County
2.8
/5.0
C+
Fair
298
Population
150/sq mi density
$49,773
Median Income
$31,499 per capita
$1,057
Median Rent
35.3% income on rent
65°F
Avg Temperature
306 sunny days/yr
660
Violent Crime/100K
4,933 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$49,773 median income, 8.8% unemployment
A
Affordability
4.3 / 5.0
F
Safety
1.0 / 5.0
660 violent crimes/100K (74% above avg)
C+
Education
2.8 / 5.0
23.1% bachelor's degree or higher
Income Overview
Median Household Income
$49,773
34% below
US avg: $75,149
Per Capita Income
$31,499
19% below
US avg: $39,052
Unemployment Rate
8.8%
144% above
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Banks vs. U.S. Average
Each bar shows Banks’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$49,773
66%
Per Capita
US: $39,052
$31,499
81%
IRS Avg AGI
US: $72,000
$58,676
81%
Avg Weekly Wage
US: $1,432
$993
69%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$993
31% below US avg ($1,432)
Mean Commute Time
23 min
17% below US avg (28 min)
Work From Home
1.8%
88% below US avg (15.2%)
Drive Alone
75.8%
3% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,067M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
75.8%
Public Transit
0%
Work From Home
1.8%
Other
22.4%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
805
Restaurants
91
Healthcare
63
Retail
129
Manufacturing
24
Tax & Financial
IRS Avg Adjusted Gross Income
$58,676
19% below US avg ($72,000)
Avg Property Tax
$1,651
53% below US avg ($3,500)
Cost of Living Index
88.8
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $49,773 |
| Per Capita Income | $31,499 |
| IRS Avg Adjusted Gross Income | $58,676 |
| Avg Weekly Wage | $993 |
| County GDP | $2,067M |
Hardship Indicators
| Unemployment Rate | 8.8% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.519 |
| Cost of Living Index | 88.8 |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 75.8% |
| Public Transit | 0.0% |
| Work From Home | 1.8% |
Businesses
| Total Establishments | 805 |
| Restaurants | 91 |
| Healthcare | 63 |
| Retail | 129 |
| Manufacturing | 24 |
Tax
| IRS Avg AGI | $58,676 |
| Avg Property Tax | $1,651 |