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Banks, AR

Arkansas

Banks is a small town in Arkansas with a population of 127. Residents earn $63,750 per year, which is 15% below the national average.

2.9 /5.0
C+ Fair
127 Population 334/sq mi density
$63,750 Median Income $29,872 per capita
$75,000 Home Value
62°F Avg Temperature 304 sunny days/yr
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$63,750 median income, 14.1% unemployment
A+
Affordability
5.0 / 5.0
$75,000 home value
D
Education
1.7 / 5.0
8.6% bachelor's degree or higher
Median Income $63,750
15% lower than US avg
Home Value $75,000
73% lower than US avg
Bachelor's+ 8.6%
74% lower than US avg
Obesity Rate 41.7%
30% higher than US avg
Unemployment 14.1%
292% higher than US avg
Poverty Rate 25.8%
108% higher than US avg

How Banks Compares to the U.S. Average (100% = U.S. avg)

People

Population127
Median Age29.5 yrs
Density334/mi²
Male / Female53% / 47%
Largest GroupWhite 95%
Veterans90.0%

Economy

C
Median Income$63,750
Per Capita$29,872
Unemployment14.1%
Poverty25.8%
County GDP$472M
Commute29 min

Housing

A+
Home Value$75,000
RentN/A
OwnershipN/A
Housing Units64
Rent Burden26.9%

Health

Obesity41.7%
Uninsured15.7%
Smoking21.3%
Depression26.0%
Heart Disease8.0%

Climate

Avg Temp62°F (17°C)
AQI43 (Good)
Rain59.1 in/yr
Sunny Days304/yr
Elevation206 ft (63 m)

Education

D
Bachelor's+8.6%
High School+90.0%
Graduate+6.0%
School Score4.91

Community

2024 VoteR 69% / D 30%
Commute29 min
Broadband40.0%
Libraries2

Is Banks a Good Place to Live?

Based on current data, Banks receives an overall livability score of 2.9 out of 5.0, earning a grade of C+. Key strengths include affordable housing, abundant sunshine, high health insurance coverage. Areas to be aware of include above-average unemployment, an elevated poverty rate, a high uninsured rate. Banks has some notable strengths but also faces challenges that prospective residents should consider.

Economy & Jobs

The median household income in Banks is $63,750, 15% below the national average of $75,149. At 14.1%, unemployment is notably high. The poverty rate of 25.8% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 29 minutes.

Cost of Living & Housing

The median home value in Banks is $75,000, 73% below the national median — offering relatively affordable homeownership. At just 1.2x median income, home prices are very affordable relative to local earnings.

Education

8.6% of residents hold a bachelor's degree, below the national average of 33.7%. 90.0% have completed high school. Area schools have an average test score of 4.9/10.

Climate & Weather

Banks enjoys a moderate climate with an average annual temperature of 62°F. Winters average 42°F in January while summers reach 81°F in July. With 304 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 59.1 inches. Air quality is rated Good with a median AQI of 43.

Banks has a population of 127 with a density of 334 people per square mile. The median age is 29.5 years, 24% younger than the national median of 38.9. The city is predominantly White (95.3%), with 4.7% Hispanic.

Population

127
Total Population
334
People / sq mi
29.5yrs
Median Age
24% below US avg
0.4mi²
Land Area

Gender Distribution

Male 52.8%
Female 47.2%

Race & Ethnicity

Banks vs U.S. Average

Language Spoken at Home

English Only91.1%
16% above US avg
Spanish8.9%
34% below US avg

Social Characteristics

Banks vs U.S. Average

The median household income in Banks is $63,750, which is 15% below the national average of $75,149. The unemployment rate is 14.1% (above the 3.6% US average). 25.8% of residents live below the poverty line. Workers commute an average of 29 minutes.

Income: Banks vs U.S.

Commute Mode

Income

Median HH Income$63,750
15% below US avg
Per Capita Income$29,872
Avg Weekly Wage$834
IRS Avg AGI$47,116

Employment & Poverty

Unemployment14.1%
292% above US avg
Poverty Rate25.8%
108% above US avg
Establishments (County)332
County GDP$472M

Business (County)

Restaurants14
Healthcare28
Retail36
Manufacturing7

Tax & Cost of Living

Property Tax (IRS)$1,589
55% below US avg
Effective Tax Rate2.12%

Commute & Transportation

Commute Time28.9 min
Drive Alone71.9%
Public Transit0.0%
Work from Home0.0%

Walkability

The median home value in Banks is $75,000, 73% below the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$75,000
73% below US avg

Real Estate Market (Redfin)

Rental Costs

Rent Burden26.9%

HUD Fair Market Rent

Studio$700
1 Bedroom$751
2 Bedrooms$944
3 Bedrooms$1,239
4 Bedrooms$1,406

Ownership & Property

Owner-Occupied100.0%
Housing Units64
Median Year Built1978

Property Tax

Avg Tax (IRS)$1,589
55% below US avg
Effective Rate2.12%
In Banks, 41.7% of adults are obese (above the 32.1% national rate). 15.7% of residents lack health insurance. 21.3% are current smokers. 26.0% report depression. 37.8% are physically inactive.

Health Metrics: Banks vs U.S. Average (%)

Chronic Conditions

Obesity41.7%
30% above US avg
Diabetes14.3%
Heart Disease8.0%
High Blood Pressure42.3%
Asthma10.2%
COPD9.8%
Cancer6.7%
Stroke4.2%

Behaviors & Mental Health

Smoking21.3%
52% above US avg
Binge Drinking16.1%
Physical Inactivity37.8%
Depression26.0%
Mental Distress21.1%
Physical Distress17.8%
Short Sleep41.6%

Healthcare Access

Insurance Rate93.4%
Uninsured15.7%
83% above US avg
Checkup Rate75.8%
Dental Visits46.2%
Premature Death14,249/100K

Food & Exercise

Food Environment6.4/10
Exercise Access48.7%
Healthcare Facilities28
Banks has an average annual temperature of 62°F (17°C). Winters average 42°F in January while summers reach 81°F in July. Annual precipitation is 59.1 inches. The area enjoys 304 sunny days per year. Air quality is rated Good with a median AQI of 43.

Temperature

42°F Jan (6°C) 81°F Jul (27°C)
Annual Average62.4°F
16% above US avg
January Average42°F (6°C)
July Average81°F (27°C)
Sunny Days304 days/yr

Precipitation & Snow

Annual Rainfall59.1 inches
56% above US avg
Snowfall1.5 inches/yr

Air Quality

AQI Median43.0
RatingGood

Geography

Elevation206 ft (63 m)
Area0.4 sq mi (1.0 km²)
Population Density334/sq mi
Coordinates33.5758°N, 92.2671°W
TimezoneAmerica/Chicago
County FIPS05011
It is classified as Nonmetro — Urban 2.5K–20K. 8.6% of residents hold a bachelor's degree or higher (74% below US avg). In the 2024 election, the county voted Republican by a 39-point margin. 40.0% of households have broadband internet.

2024 Presidential Election (County)

R 69%
D 30%

Winner: Republican by 39 points

Education

Bachelor's Degree+8.6%
74% below US avg
High School+90.0%
Graduate Degree+6.0%
School Test Score4.91
D Education Grade (1.7/5.0)

Urban-Rural Classification

RUCC Code 7Nonmetro — Urban 2.5K–20K
Population Density334/sq mi
Total Area0.4 sq mi

Infrastructure & Services

Broadband Access40.0%
Public Libraries2
Healthcare Facilities28
Restaurants14
Retail Stores36

Safety & Disasters

Fatal Crashes (County/yr)3

Commute & Transportation

Avg Commute28.9 min
Drive Alone71.9%
Public Transit0.0%
Work from Home0.0%

Nearby Cities

Warren, AR 5,342 pop · 11.7 mi Hampton, AR 1,185 pop · 11.8 mi Fordyce, AR 3,320 pop · 18.8 mi Monticello, AR 8,320 pop · 27.5 mi East Camden, AR 1,326 pop · 27.6 mi Smackover, AR 2,137 pop · 30.5 mi West Crossett, AR 1,214 pop · 32.9 mi Camden, AR 10,427 pop · 33.5 mi El Dorado, AR 17,382 pop · 33.6 mi North Crossett, AR 2,583 pop · 33.8 mi Star City, AR 2,234 pop · 35.2 mi Crossett, AR 4,719 pop · 36.0 mi Hamburg, AR 2,992 pop · 36.4 mi Pine Bluff, AR 40,436 pop · 46.2 mi
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