Median Income
$42,917
43% lower than US avg
Home Value
$252,400
10% lower than US avg
Bachelor's+
12.8%
62% lower than US avg
Obesity Rate
37.8%
18% higher than US avg
Unemployment
2.7%
25% lower than US avg
Poverty Rate
22.4%
81% higher than US avg
How Banks Lake South Compares to the U.S. Average (100% = U.S. avg)
People
Population216
Median Age48.6 yrs
Density89/mi²
Male / Female37% / 63%
Largest GroupWhite 72%
Economy
C+
Median Income$42,917
Per Capita$20,885
Unemployment2.7%
Poverty22.4%
County GDP$2,850M
Commute26 min
Housing
B
Home Value$252,400
RentN/A
OwnershipN/A
Health
Obesity37.8%
UninsuredN/A
Depression27.7%
Heart Disease5.9%
Climate
Avg Temp49°F
AQI28 (Good)
Rain10.9 in/yr
Elevation1,634 ft
Education
C
Bachelor's+12.8%
High School+96.0%
School Score5.36
Community
2024 VoteR 62% / D 35%
Commute26 min
Broadband87.0%
Libraries3
Is Banks Lake South a Good Place to Live?
Based on current data, Banks Lake South receives an overall livability score of 2.8 out of 5.0, earning a grade of C+. Key strengths include low unemployment, high health insurance coverage. Areas to be aware of include an elevated poverty rate, below-average incomes. Banks Lake South has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Banks Lake South is $42,917, 43% below the national average of $75,149. The job market is very strong with unemployment at just 2.7%. The poverty rate of 22.4% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 26 minutes.
Cost of Living & Housing
The median home value in Banks Lake South is $252,400, 10% below the national median — offering relatively affordable homeownership. The price-to-income ratio of 5.9x means housing costs are stretched relative to local earnings.
Education
12.8% of residents hold a bachelor's degree, below the national average of 33.7%. 96.0% have completed high school. Area schools have an average test score of 5.4/10.
Climate & Weather
Banks Lake South experiences four distinct seasons with an average temperature of 49°F. Winters average 28°F in January while summers reach 72°F in July. Annual precipitation totals 10.9 inches. Air quality is rated Good with a median AQI of 28.
Banks Lake South has a population of 216 with a density of 89 people per square mile. The median age is 48.6 years, 25% older than the national median of 38.9. The city is predominantly White (72.2%), with 12% Hispanic.
Population
48.6yrs
Median Age
25% above US avg
Race & Ethnicity
Banks Lake South vs U.S. Average
Language Spoken at Home
| English Only | 98.4% |
| 25% above US avg |
| Spanish | 1.6% |
| 88% below US avg |
Social Characteristics
Banks Lake South vs U.S. Average
The median household income in Banks Lake South is $42,917, which is 43% below the national average of $75,149. The unemployment rate is 2.7% (below the 3.6% US average). 22.4% of residents live below the poverty line. Workers commute an average of 26 minutes.
Income: Banks Lake South vs U.S.
Income
| Median HH Income | $42,917 |
| 43% below US avg |
| Per Capita Income | $20,885 |
| Avg Weekly Wage | $989 |
| IRS Avg AGI | $72,977 |
Employment & Poverty
| Unemployment | 2.7% |
| 25% below US avg |
| Poverty Rate | 22.4% |
| 81% above US avg |
| Establishments (County) | 1,148 |
| County GDP | $2,850M |
Business (County)
| Restaurants | 65 |
| Healthcare | 65 |
| Retail | 92 |
| Manufacturing | 24 |
Tax & Cost of Living
| Property Tax (IRS) | $5,588 |
| 60% above US avg |
| Effective Tax Rate | 2.21% |
Commute & Transportation
| Commute Time | 26.4 min |
| Work from Home | 19.5% |
The median home value in Banks Lake South is $252,400, 10% below the national average.
Home Values
| Census Median | $252,400 |
| 10% below US avg |
Real Estate Market (Redfin)
Rental Costs
HUD Fair Market Rent
| Studio | $1,082 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,472 |
| 3 Bedrooms | $2,003 |
| 4 Bedrooms | $2,351 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $5,588 |
| 60% above US avg |
| Effective Rate | 2.21% |
In Banks Lake South, 37.8% of adults are obese (above the 32.1% national rate). 27.7% report depression. 21.1% are physically inactive.
Health Metrics: Banks Lake South vs U.S. Average (%)
Chronic Conditions
| Obesity | 37.8% |
| 18% above US avg |
| Diabetes | 9.3% |
| Heart Disease | 5.9% |
| High Blood Pressure | 31.2% |
| Asthma | 11.8% |
| COPD | 6.3% |
| Stroke | 3.1% |
Behaviors & Mental Health
| |
| Binge Drinking | 19.6% |
| Physical Inactivity | 21.1% |
| Depression | 27.7% |
| Mental Distress | 19.9% |
| Physical Distress | 14.0% |
Healthcare Access
| Insurance Rate | 98.0% |
| |
| Checkup Rate | 69.4% |
| Premature Death | 5,504/100K |
Food & Exercise
| Food Environment | 7.2/10 |
| Exercise Access | 87.3% |
| Healthcare Facilities | 65 |
Crime Rates: Banks Lake South vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 9 |
| FEMA Disasters | 546 |
Safety Score
Banks Lake South has an average annual temperature of 49°F (9°C). Winters average 28°F in January while summers reach 72°F in July. Annual precipitation is 10.9 inches. Air quality is rated Good with a median AQI of 28.
Temperature
28°F Jan (-3°C)
72°F Jul (22°C)
| Annual Average | 48.8°F |
| 10% below US avg |
| January Average | 28°F (-3°C) |
| July Average | 72°F (22°C) |
Precipitation & Snow
| Annual Rainfall | 10.9 inches |
| 71% below US avg |
Air Quality
| AQI Median | 28.0 |
| Rating | Good |
Geography
| Elevation | 1,634 ft (498 m) |
| Area | 2.4 sq mi (6.3 km²) |
| Population Density | 89/sq mi |
| Coordinates | 47.6301°N, 119.2744°W |
| County FIPS | 53017 |