Banks Lake South, WA

Banks Lake South, WA

At a Glance

How Banks Lake South Compares to the U.S. Average

Each bar shows Banks Lake South's value as a percentage of the national average (100% = U.S. avg)

Is Banks Lake South a Good Place to Live?

Economy & Jobs

Banks Lake South residents earn a median household income of $42,917 , which is 43% below the national average of $75,149. Per capita income is $20,885. The unemployment rate stands at 5.4% (50% above the U.S. rate of 3.6%). 22.4% of residents live below the poverty line. The area is home to 1,148 business establishments, including 65 restaurants.

Housing & Cost of Living

The median home value in Banks Lake South is $252,400 , 10% below the national median of $281,900. Zillow estimates the typical home at $298,868. The cost of living index is 107.0 (100 = national average). The median home was built in 1994.

Education

12.8% of adults in Banks Lake South hold a bachelor's degree or higher (62% below the national average). 96.0% have completed high school. Local schools score 5.2/10 in standardized testing.

Climate & Weather

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 totals 10.9 inches.

Data Overview

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