Banks, Australia

Full City Profile

3.2 /5.0

B Good

4,869 Population 53/sq mi density

2,057 ft Elevation 627 meters

53°F Avg Temperature 11°C

Overall

3.2 / 5.0

Good overall score based on economy, affordability, safety and education

Economy

3.2 / 5.0

$39,478 median income, 3.8% unemployment

Affordability

3.3 / 5.0

$238,800 home value, $1,194/mo rent

Banks, Australia

At a Glance

Median Income

$39,478

47% below

$39,478 per capita

Home Value

$238,800

15% below

Median Rent

$1,194/mo

3% above

Unemployment

3.8%

6% above

Avg Temperature

53°F

321 sunny days/yr

Is Banks a Good Place to Live?

3.2 / 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 $39,478 , which is 47% below the national average of $75,149. Per capita income is $39,478. The unemployment rate stands at 3.8% (6% above the U.S. rate of 3.6%). The area is home to 463 business establishments.

Housing & Cost of Living

The median home value in Banks is $238,800 , 15% below the national median of $281,900. Median rent is $1,194/month.

Climate & Weather

Banks has an average annual temperature of 53°F (11°C). Winters average 63°F in January while summers reach 41°F in July. The area gets 321 sunny days per year. Annual precipitation totals 32.7 inches.

Data Overview

People

Population4,869

Median Age35.0 yrs

Density53/mi²

Foreign Born18.2%

Economy

Median Income$39,478

Per Capita$39,478

Unemployment3.8%

Poverty

Avg Weekly Wage$759

Housing

Home Value$238,800

Rent$1,194

Ownership82.0%

Housing Units1,948

Climate

Avg Temp53°F

Sunny Days321/yr

Rain32.7 in/yr

Elevation2,057 ft

Did You Know?

18.2% of residents are foreign-born.