Banks Springs, LA
Full City Profile · Louisiana · Caldwell Parish County
Banks Springs, LA
At a Glance
How Banks Springs Compares to the U.S. Average
Each bar shows Banks Springs's value as a percentage of the national average (100% = U.S. avg)
Is Banks Springs a Good Place to Live?
Economy & Jobs
Banks Springs residents earn a median household income of $22,240 , which is 70% below the national average of $75,149. Per capita income is $18,267. The unemployment rate stands at 7.7% (114% above the U.S. rate of 3.6%). 59.3% of residents live below the poverty line. The area is home to 231 business establishments, including 7 restaurants.
Housing & Cost of Living
The median home value in Banks Springs is $70,400 , 75% below the national median of $281,900. Zillow estimates the typical home at $130,805. Median rent is $340/month, with 33.2% of renters spending more than 30% of income on housing. The cost of living index is 88.2 (100 = national average). The median home was built in 1985.
Education
6.1% of adults in Banks Springs hold a bachelor's degree or higher (82% below the national average). 69.3% have completed high school. Local schools score 4.3/10 in standardized testing.
Climate & Weather
Banks Springs has an average annual temperature of 66°F (19°C). Winters average 47°F in January while summers reach 83°F in July. Annual precipitation totals 59.3 inches.