At a Glance
Median Income
$63,750
$29,872 per capita
Home Value
$75,000
Zillow: $138,208
Bachelor's Degree+
8.6%
90.0% high school+
Unemployment
18.6%
25.8% poverty rate
Obesity Rate
41.7%
21.3% 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?
C+
2.9 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Banks residents earn a median household income of $63,750 , which is 15% below the national average of $75,149.
Per capita income is $29,872. The unemployment rate stands at 18.6% (417% above the U.S. rate of 3.6%). 25.8% of residents live below the poverty line. The area is home to 332 business establishments, including 14 restaurants.
Housing & Cost of Living
The median home value in Banks is $75,000 , 73% below the national median of $281,900.
Zillow estimates the typical home at $138,208. The cost of living index is 86.9 (100 = national average). The median home was built in 1978.
Education
8.6% of adults in Banks hold a bachelor's degree or higher
(74% below the national average).
90.0% have completed high school. Local schools score 4.1/10 in standardized testing.
Climate & Weather
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 totals 59.1 inches.
Data Overview
People
Population127
Median Age29.5 yrs
Density334/mi²
Male / Female53% / 47%
Foreign Born12.6%
Veterans5.6%
Economy
C
Median Income$63,750
Per Capita$29,872
Unemployment18.6%
Poverty25.8%
County GDP$472M
Avg Weekly Wage$834
Housing
A+
Home Value$75,000
Rent
Ownership100.0%
Zillow$138,208
Housing Units64
Rent Burden26.9%
Health
Obesity41.7%
Diabetes14.3%
Smoking21.3%
Heart Disease8.0%
Premature Death14,249/100K
Climate
Avg Temp62°F
Rain59.1 in/yr
Elevation206 ft
Education
D
Bachelor's+8.6%
High School+90.0%
Graduate+6.0%
School Score4.1/10
Community
2024 VoteR 69% / D 30%
Commute29 min
Broadband77.5%
Internet Speed28 Mbps
EV Stations1
Libraries2
Did You Know?
The median home in Banks was built in 1978.
The nearest airport is South Arkansas Regional At Goodwin Field (40 miles).
The Gini coefficient (income inequality) is 0.472 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
9.4% of the population has a disability.
12.6% of residents are foreign-born.
The county recorded 3 fatal vehicle crashes.