Median Income
$67,917
10% lower than US avg
Home Value
$422,900
50% higher than US avg
Violent Crime
454/100K
20% higher than US avg
Bachelor's+
44.8%
33% higher than US avg
Median Rent
$879
24% lower than US avg
Obesity Rate
38.2%
19% higher than US avg
Unemployment
2.1%
42% lower than US avg
Poverty Rate
11.5%
7% lower than US avg
How Banner Elk Compares to the U.S. Average (100% = U.S. avg)
People
Population1,338
Median Age20.7 yrs
Density708/mi²
Male / Female49% / 51%
Largest GroupWhite 84%
Veterans2.9%
Economy
A
Median Income$67,917
Per Capita$40,200
Unemployment2.1%
Poverty11.5%
County GDP$890M
Commute12 min
Housing
B
Home Value$422,900
Rent$879
Ownership62.8%
Zillow$566,987
Housing Units831
Rent Burden35.3%
Crime
F
Violent454/100K
Property999/100K
Murder0.0/100K
Assault272/100K
Burglary182/100K
Health
Obesity38.2%
Uninsured10.7%
Smoking17.1%
Depression29.1%
Heart Disease6.4%
Climate
Avg Temp50°F (10°C)
AQI40 (Good)
Rain53.8 in/yr
Sunny Days299/yr
Elevation3,895 ft (1,187 m)
Education
A+
Bachelor's+44.8%
High School+99.1%
Graduate+27.0%
School Score5.80
Community
2024 VoteR 76% / D 23%
Commute12 min
Broadband95.5%
EV Stations3
Libraries1
Is Banner Elk a Good Place to Live?
Based on current data, Banner Elk receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include low unemployment, a highly educated population, abundant sunshine, strong internet connectivity. Areas to be aware of include high housing costs. Banner Elk offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Banner Elk is $67,917, 10% below the national average of $75,149. The job market is very strong with unemployment at just 2.1%. 11.5% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 12 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Banner Elk is $422,900, 50% above the national median. Renters pay a median of $879 per month, below the national average / a plus for affordability. The price-to-income ratio of 6.2x means housing costs are stretched relative to local earnings.
Safety & Crime
The violent crime rate of 454 per 100,000 is above the national average of 380 / something for prospective residents to consider. Property crime occurs at a rate of 999 per 100,000, 49% below the national average.
Education
Educational attainment is solid, with 44.8% holding a bachelor's degree or higher, near the national average. 99.1% have completed high school. Area schools have an average test score of 5.8/10.
Climate & Weather
Banner Elk experiences four distinct seasons with an average temperature of 50°F. Winters average 31°F in January while summers reach 68°F in July. With 299 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 53.8 inches, including 31.4 inches of snow. Air quality is rated Good with a median AQI of 40.
Banner Elk has a population of 1,338 with a density of 708 people per square mile, spread across 1.9 square miles. The median age is 20.7 years, 47% younger than the national median of 38.9. The gender split is 50.7% female and 49.3% male. The city is predominantly White (83.9%), with 7.7% Black. English is the primary language spoken at home by 93% of residents, while 7% speak Spanish. 2.9% of the population are veterans, below the national rate of 6.0%. 15.0% of residents have a disability. 92.8% have health insurance coverage.
Population
20.7yrs
Median Age
47% below US avg
Race & Ethnicity
Banner Elk vs U.S. Average
Language Spoken at Home
English Only
93.0%
18% above US avg
Spanish
7.0%
48% below US avg
Social Characteristics
Banner Elk vs U.S. Average
The median household income in Banner Elk is $67,917, which is 10% below the national average of $75,149. Per capita income is $40,200. The average weekly wage is $855, 40% lower than the U.S. average. The unemployment rate is 2.1% (below the 3.6% US average). 11.5% of residents live below the poverty line. The area has 698 business establishments, including 63 restaurants. The cost of living index is 94.3, below the national baseline of 100 / offering relatively affordable living. Workers commute an average of 12 minutes (shorter than the 28-minute US average). 19.4% of workers work from home (above the 15.2% national rate).
Income: Banner Elk vs U.S.
Income
| Median HH Income | $67,917 |
| 10% below US avg |
| Per Capita Income | $40,200 |
| Avg Weekly Wage | $855 |
| IRS Avg AGI | $68,291 |
| Gini Index | 0.492 (0=equal, 1=unequal) |
Employment & Poverty
| Unemployment | 2.1% |
| 42% below US avg |
| Poverty Rate | 11.5% |
| 7% below US avg |
| Establishments (County) | 698 |
| County GDP | $890M |
Business (County)
| Restaurants | 63 |
| Healthcare | 41 |
| Retail | 79 |
| Manufacturing | 14 |
Tax & Cost of Living
| Property Tax (IRS) | $4,227 |
| 21% above US avg |
| Cost of Living | 94.30 (100=avg) |
| Effective Tax Rate | 1.00% |
Commute & Transportation
| Commute Time | 11.8 min |
| Drive Alone | 64.5% |
| Public Transit | 0.0% |
| Work from Home | 19.4% |
The median home value in Banner Elk is $422,900, 50% above the national median of $281,900. Zillow estimates the typical home value at $566,987, higher than the Census estimate. Monthly rent averages $879 (24% below the national average of $1,163). Fair market rent ranges from $981 for a one-bedroom to $1,161 for a two-bedroom apartment. 62.8% of housing units are owner-occupied. There are 831 total housing units in the city. The median year a home was built is 2001. The average annual property tax is $4,227 (higher than the $3,500 national average). 35.3% of renters spend 30% or more of their income on housing. The home price-to-income ratio is 6.2x, above the traditionally affordable threshold of 3-4x.
Home Values
| Census Median | $422,900 |
| 50% above US avg |
| Zillow ZHVI | $566,987 |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $879 |
| 24% below US avg |
| Rent Burden | 35.3% |
HUD Fair Market Rent
| Studio | $932 |
| 1 Bedroom | $981 |
| 2 Bedrooms | $1,161 |
| 3 Bedrooms | $1,499 |
| 4 Bedrooms | $1,780 |
Ownership & Property
| Homeownership | 62.8% |
| Owner-Occupied | 62.8% |
| Renter-Occupied | 37.2% |
| Housing Units | 831 |
| Median Year Built | 2001 |
Property Tax
| Avg Tax (IRS) | $4,227 |
| 21% above US avg |
| Effective Rate | 1.00% |
In Banner Elk, 38.2% of adults are obese, above the national rate of 32.1%. 10.5% have diabetes. Heart disease affects 6.4% of residents. 33.8% have high blood pressure. 17.1% are current smokers (above the 14.0% national rate). 16.5% report binge drinking. 24.6% are physically inactive. 29.1% report depression (above the 20.0% national average). 19.9% experience frequent mental distress. 10.7% of residents lack health insurance (above the 8.6% national rate). The primary care physician ratio is 1:4,466. The dentist ratio is 1:2,196. 100.0% of residents have access to exercise opportunities. The food environment index is 8.1 out of 10.
Health Metrics: Banner Elk vs U.S. Average (%)
Chronic Conditions
| Obesity | 38.2% |
| 19% above US avg |
| Diabetes | 10.5% |
| Heart Disease | 6.4% |
| High Blood Pressure | 33.8% |
| Asthma | 11.6% |
| COPD | 8.1% |
| Cancer | 7.6% |
| Stroke | 3.4% |
Behaviors & Mental Health
| Smoking | 17.1% |
| 22% above US avg |
| Binge Drinking | 16.5% |
| Physical Inactivity | 24.6% |
| Depression | 29.1% |
| Mental Distress | 19.9% |
| Physical Distress | 13.9% |
| Short Sleep | 32.9% |
Healthcare Access
| Insurance Rate | 92.8% |
| Uninsured | 10.7% |
| 24% above US avg |
| Primary Care | 1:4,466 |
| Dentists | 1:2,196 |
| Mental Health | 1:209 |
| Checkup Rate | 77.3% |
| Dental Visits | 61.6% |
| Premature Death | 9,111/100K |
Food & Exercise
| Food Environment | 8.1/10 |
| Exercise Access | 100.0% |
| Healthcare Facilities | 41 |
Banner Elk has a violent crime rate of 454 per 100,000 residents, 20% above the national average of 380. This breaks down to aggravated assault at 272.5 per 100,000, robbery at 90.8, rape at 90.8. The murder rate is 0.0 per 100,000 (below the national rate of 6.3). Property crime stands at 999 per 100,000, 49% below the U.S. average. This includes larceny/theft at 727, burglary at 182, vehicle theft at 91 per 100,000 residents. The county recorded 1 fatal traffic crashes. Overall, Banner Elk receives a safety grade of F.
Crime Rates: Banner Elk vs U.S. Average (per 100,000)
Violent Crime
| Total Violent | 454.1/100K |
| 20% above US avg |
| Murder | 0.0/100K |
| 100% below US avg |
| Rape | 90.8/100K |
| Robbery | 90.8/100K |
| Assault | 272.5/100K |
Property Crime
| Total Property | 999.1/100K |
| 49% below US avg |
| Burglary | 181.7/100K |
| Theft | 726.6/100K |
| Vehicle Theft | 90.8/100K |
| Arson | 0.0/100K |
Traffic Safety
| Fatal Crashes (County/yr) | 1 |
| Traffic Accidents | 30 |
| Avg Accident Severity | 2.1 / 4.0 |
Safety Score
| Safety Grade | F |
| Safety Score | 1.0 / 5.0 |
Banner Elk experiences four distinct seasons with an average annual temperature of 50°F (10°C). Winters average 31°F in January while summers reach 68°F in July. The area gets 299 sunny days per year, well above the U.S. average of 205 / making it one of the sunnier locations in the country. Annual precipitation totals 53.8 inches (wetter than the 38-inch national average). The area receives 31.4 inches of snow annually, a moderate snowfall amount. Air quality is rated Good with a median AQI of 40. The city sits at an elevation of 3,895 feet.
Temperature
31°F Jan (-0°C)
68°F Jul (20°C)
| Annual Average | 50.1°F |
| 7% below US avg |
| January Average | 31°F (-0°C) |
| July Average | 68°F (20°C) |
| Sunny Days | 299 days/yr |
Geography
| Elevation | 3,895 ft (1,187 m) |
| Area | 1.9 sq mi (4.9 km²) |
| Population Density | 708/sq mi |
| Coordinates | 36.1587°N, 81.8676°W |
| Timezone | America/New_York |
| County | Avery County County |
| Nearest Airport | Foothills Regional (MRN) 27 miles away |
Precipitation & Snow
Annual Rainfall
53.8"
42% above US avg
Wettest Month (Mar)
5.24"
Air Quality
| AQI Median | 40.0 |
| Rating | Good |
Air Pollutants (EPA 2023)
Natural Hazard Risk
| Overall Risk | Relatively Low |
| Risk Score | 47.5 / 100 |
| Social Vulnerability | 76.7 / 100 |
| Community Resilience | 50.3 / 100 |
Hazard Breakdown
| Tornado |
Relatively Low |
| Hurricane |
Relatively Low |
| Earthquake |
Very Low |
| Wildfire |
Very Low |
| Flood |
Relatively Low |
| Hail |
Very Low |
| Strong Wind |
Relatively Low |
| Heat Wave |
No Rating |
| Winter Weather |
Relatively Low |
| Lightning |
Relatively Moderate |
| Ice Storm |
Relatively Moderate |
| Drought |
No Rating |
| Cold Wave |
Relatively Low |
| Landslide |
Relatively Moderate |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Earthquake History
50 earthquakes (M2.5+) within 150 km since 1990.
Strongest: M3.4. Most recent: M2.7 on Aug 14, 2025.
| Jun 26, 1995 |
6 km NNW of Trout Dale, Virginia |
M3.4 |
75 km |
| Jun 16, 2006 |
9 km W of Maggie Valley, North Carolina |
M3.4 |
140 km |
| Feb 12, 1994 |
10 km NNW of Abingdon, Virginia |
M3.4 |
72 km |
| Jun 4, 2023 |
4 km NNW of West Canton, North Carolina |
M3.2 |
111 km |
| Jun 5, 1998 |
4 km SSE of Mooresville, North Carolina |
M3.2 |
119 km |
| Nov 8, 1990 |
5 km SW of Blackey, Kentucky |
M3.2 |
148 km |
| Apr 29, 2018 |
10 km WSW of Bean Station, Tennessee |
M3.1 |
137 km |
| Nov 24, 2012 |
7 km NE of Sevierville, Tennessee |
M3.0 |
149 km |
| Apr 13, 2001 |
11 km W of Sneedville, Tennessee |
M3.0 |
138 km |
| Aug 4, 2007 |
12 km ENE of Lake Lure, North Carolina |
M3.0 |
77 km |
| Jan 1, 1993 |
4 km SSW of Spruce Pine, North Carolina |
M3.0 |
37 km |
| Jul 7, 1995 |
3 km NW of Mountain City, Tennessee |
M3.0 |
37 km |
| Aug 25, 2013 |
3 km NNE of Blowing Rock, North Carolina |
M2.9 |
18 km |
| Aug 14, 2009 |
4 km ENE of Nickelsville, Virginia |
M2.9 |
81 km |
| Jan 22, 1995 |
0 km WNW of Pulaski, Virginia |
M2.9 |
138 km |
| Mar 6, 2006 |
3 km W of Burnsville, North Carolina |
M2.8 |
50 km |
| Feb 15, 2005 |
12 km NNW of Raven, Virginia |
M2.8 |
115 km |
| Feb 12, 2021 |
8 km SW of Banner Hill, Tennessee |
M2.8 |
56 km |
| May 23, 2023 |
4 km N of West Canton, North Carolina |
M2.8 |
111 km |
| Aug 14, 2025 |
7 km N of Columbus, North Carolina |
M2.7 |
98 km |
Source: USGS (M2.5+, 1990–2025)
Hurricane History
1 hurricane (Cat 1+) within 500 km since 1980.
Strongest: Category 1. Most recent: Hugo (1989, Cat 1).
| Year |
Name |
Category |
Closest |
| 1989 |
Hugo |
Category 2 |
177 km |
Source: NOAA IBTrACS (Cat 1+, 1980–2026)
Tornado History
191 tornadoes (EF0+) within 100 km since 1950.
Strongest: EF4. Total: 20 fatalities, 313 injuries.
| Date |
Rating |
Distance |
Fatalities |
| May 7, 1998 |
EF4 |
54 km |
0 |
| May 5, 1989 |
EF4 |
81 km |
4 |
| Apr 27, 2011 |
EF3 |
86 km |
6 |
| Apr 27, 2011 |
EF3 |
75 km |
2 |
| Apr 27, 2011 |
EF3 |
55 km |
3 |
| Jul 10, 1980 |
EF3 |
44 km |
0 |
| Apr 4, 1974 |
EF3 |
77 km |
1 |
| May 26, 2022 |
EF2 |
86 km |
0 |
| Oct 23, 2017 |
EF2 |
63 km |
0 |
| Jan 11, 2012 |
EF2 |
90 km |
0 |
| Jan 11, 2012 |
EF2 |
65 km |
0 |
| Apr 27, 2011 |
EF2 |
28 km |
2 |
| Apr 27, 2011 |
EF2 |
76 km |
0 |
| Oct 26, 2010 |
EF2 |
82 km |
0 |
| Oct 26, 2010 |
EF2 |
77 km |
0 |
| May 8, 2009 |
EF2 |
88 km |
0 |
| May 8, 2009 |
EF2 |
86 km |
0 |
| Nov 15, 2006 |
EF2 |
100 km |
0 |
| Jul 7, 2005 |
EF2 |
73 km |
0 |
| May 7, 1998 |
EF2 |
61 km |
0 |
Source: NOAA SPC (EF0+, 1950–2024)
Wildfire History
20 wildfires (100+ acres) within 100 km.
Largest: BRUSHY RIDGE (12,405 ac, 2000).
| Year |
Name |
Acres |
Distance |
| 2000 |
BRUSHY RIDGE |
12,405 |
33 km |
| 2016 |
PARTY ROCK |
8,572 |
84 km |
| 2007 |
LINVILLE COMPLEX (DOBSON KNOB) |
7,151 |
37 km |
| 2016 |
CHESTNUT KNOB |
6,418 |
63 km |
| 2016 |
SILVER MINE |
6,082 |
88 km |
| 1985 |
UNNAMED |
4,610 |
56 km |
| 2022 |
LOST BEAR RX FY2022 |
4,276 |
59 km |
| 2017 |
WHITE CREEK |
4,166 |
36 km |
| 2016 |
CLEAR CREEK |
3,493 |
54 km |
| 2001 |
LARMAN |
3,072 |
92 km |
| 2016 |
UNNAMED |
2,976 |
30 km |
| 2000 |
TIPTON HILL |
2,661 |
37 km |
| 2007 |
UNNAMED |
2,242 |
45 km |
| 2014 |
UNNAMED |
2,194 |
95 km |
| 2013 |
LOST BEAR EAST |
2,167 |
59 km |
| 2007 |
UNNAMED |
2,026 |
60 km |
| 2008 |
SUNRISE |
1,906 |
34 km |
| 2015 |
UNNAMED |
1,879 |
44 km |
| 2018 |
UNNAMED |
1,812 |
50 km |
| 2016 |
RAILROAD GRADE 2016 |
1,790 |
23 km |
Source: NIFC/IRWIN (100+ acres)
Monthly Weather
| Month |
Avg Temperature |
Precipitation |
Summary |
| January |
31°F (-0°C) |
3.9 in |
Coldest |
| February |
34°F (1°C) |
4.1 in |
|
| March |
41°F (5°C) |
5.2 in |
Wettest |
| April |
49°F (9°C) |
4.3 in |
|
| May |
56°F (14°C) |
5.0 in |
|
| June |
63°F (17°C) |
4.7 in |
|
| July |
68°F (20°C) |
4.7 in |
Warmest |
| August |
66°F (19°C) |
4.6 in |
|
| September |
61°F (16°C) |
4.2 in |
|
| October |
51°F (11°C) |
3.9 in |
|
| November |
43°F (6°C) |
4.1 in |
|
| December |
35°F (2°C) |
3.5 in |
Driest |
Banner Elk has a seasonal temperature swing of 37°F / from 31°F in January to 68°F in July. Total annual precipitation is 52.1 inches, with March being the wettest month (5.2") and December the driest (3.5").
Average costs for common services in Banner Elk. Prices are estimated based on regional cost of living data and may vary by provider.
Healthcare
| Doctor Visit (Primary Care) |
$236 ($141–$377) |
| Specialist Visit |
$330 ($189–$519) |
| Urgent Care Visit |
$189 ($94–$330) |
| Emergency Room Visit |
$2,075 ($754–$4,715) |
| Dental Cleaning |
$123 ($71–$189) |
| Dental Filling |
$236 ($141–$377) |
View all 40 services
Auto Repair
| Oil Change (Conventional) |
$42 ($24–$71) |
| Oil Change (Synthetic) |
$71 ($47–$113) |
| Brake Pad Replacement |
$283 ($141–$472) |
| Tire Rotation |
$38 ($19–$71) |
| New Tires (Set of 4) |
$566 ($377–$943) |
| Battery Replacement |
$189 ($94–$330) |
View all 18 services
Home Services
| Plumber (Per Hour) |
$94 ($57–$141) |
| Electrician (Per Hour) |
$85 ($47–$132) |
| HVAC Repair |
$377 ($141–$754) |
| HVAC System Install |
$6,601 ($3,772–$11,316) |
| Roof Repair |
$943 ($377–$1,886) |
| Roof Replacement |
$8,487 ($5,187–$14,145) |
View all 25 services
Legal
| Divorce (Uncontested) |
$1,415 ($472–$3,301) |
| Divorce (Contested) |
$14,145 ($4,715–$28,290) |
| DUI Defense |
$4,715 ($1,886–$9,430) |
| Bankruptcy (Chapter 7) |
$1,415 ($754–$2,829) |
| Will Preparation |
$472 ($189–$943) |
| Trust Preparation |
$2,358 ($943–$4,715) |
View all 12 services
Personal Care
| Men's Haircut |
$24 ($14–$42) |
| Women's Haircut |
$52 ($28–$94) |
| Hair Coloring (Full) |
$141 ($71–$236) |
| Manicure |
$24 ($14–$42) |
| Pedicure |
$38 ($24–$61) |
| Massage (1 Hour) |
$75 ($47–$123) |
View all 12 services
Food & Grocery
| Gallon of Milk (per gallon) |
$3.87 ($2.83–$5.19) |
| Dozen Eggs (per dozen) |
$3.30 ($2.36–$4.72) |
| Loaf of Bread |
$3.58 ($2.36–$5.19) |
| Chicken Breast (per lb) |
$4.24 ($2.83–$6.13) |
| Ground Beef (per lb) |
$5.19 ($3.77–$7.07) |
| Rice (per lb) |
$0.94 ($0.57–$1.70) |
View all 20 services
Utilities
| Electricity (Monthly) |
$132 ($75–$236) |
| Natural Gas (Monthly) |
$66 ($28–$141) |
| Water/Sewer (Monthly) |
$66 ($38–$113) |
| Internet (Monthly) |
$66 ($38–$94) |
| Cell Phone Plan (Monthly) |
$61 ($28–$94) |
| Cable TV (Monthly) |
$80 ($47–$141) |
View all 8 services
Transportation
| Monthly Parking (Downtown) |
$189 ($71–$472) |
| Car Insurance (Annual) |
$1,886 ($1,132–$3,301) |
| Bus Pass (Monthly) |
$66 ($28–$123) |
| Taxi/Uber (5-Mile Ride) |
$14 ($7.54–$24) |
| Car Registration (Annual) |
$94 ($28–$236) |
| Driver's License Renewal |
$28 ($14–$71) |
View all 8 services
Education & Childcare
| Daycare (Infant, Monthly) |
$1,132 ($566–$2,358) |
| Daycare (Toddler, Monthly) |
$943 ($472–$1,886) |
| After-School Care (Monthly) |
$377 ($189–$660) |
| Tutoring (Per Hour) |
$47 ($24–$94) |
| SAT/ACT Prep Course |
$943 ($377–$2,358) |
| Private School (K-12, Annual) |
$11,788 ($4,715–$28,290) |
View all 8 services
Pets
| Vet Visit (Routine Checkup) |
$57 ($28–$94) |
| Dog Vaccination (Annual) |
$94 ($47–$189) |
| Dog Grooming |
$57 ($28–$94) |
| Pet Boarding (Per Night) |
$38 ($19–$71) |
| Dog Spay/Neuter |
$283 ($141–$472) |
| Cat Spay/Neuter |
$189 ($94–$377) |
View all 9 services
Childcare
| Center-Based (monthly) |
| Infant | $1,029 |
| Toddler | $653 |
| Preschool | $589 |
| Family Childcare (monthly) |
| Infant | $766 |
| Toddler | $639 |
| Preschool | $624 |
Source: DOL Women's Bureau (2022)
Frequently Asked Questions About Banner Elk
What is the population of Banner Elk?
Banner Elk has a population of 1,338 residents and is located in North Carolina. The population density is 708 people per square mile, spread across 1.9 square miles. The median age of residents is 20.7 years, which is younger than the national median of 38.9 years. The population is 50.7% female and 49.3% male.
Is Banner Elk expensive to live in?
Banner Elk is more affordable than the national average, with a cost of living index of 94.3 / below the baseline of 100. The median household income is $67,917, 10% below the national average of $75,149. The median home value is $422,900 (50% above the U.S. median). Renters pay a median of $879 per month, below the national average of $1,163. The home price-to-income ratio is 6.2x, which means housing is a stretch relative to local earnings.
Is Banner Elk safe?
The violent crime rate in Banner Elk is 454 per 100,000 residents, above the national average of 380. Prospective residents should research specific neighborhoods, as crime rates can vary significantly within the city. Property crime occurs at a rate of 999 per 100,000 (below the national average). Overall, Banner Elk receives a safety grade of F based on combined crime data.
What is the weather like in Banner Elk?
Banner Elk has a four-season climate with an average annual temperature of 50°F (10°C). Winter temperatures average 31°F in January, while summers reach an average of 68°F in July. The area receives 299 sunny days per year, well above the national average of 205. Annual rainfall totals 53.8 inches, with 31.4 inches of snow. Air quality is rated Good with a median Air Quality Index (AQI) of 40.
How is the job market in Banner Elk?
The job market in Banner Elk is very strong, with unemployment at just 2.1% / well below the national rate of 3.6%. The average weekly wage is $855. There are 698 business establishments in the area, including 63 restaurants and food service locations. The average commute time is 12 minutes, and 19.4% of workers work from home.
How much does housing cost in Banner Elk?
The median home value in Banner Elk is $422,900. Zillow estimates the typical home value at $566,987. For renters, the median monthly rent is $879. Fair market rent is $981 for a 1-bedroom and $1,161 for a 2-bedroom apartment. The homeownership rate is 62.8%. The average annual property tax is $4,227.
How are the schools in Banner Elk?
Schools in Banner Elk score 5.8 out of 10 on standardized testing, near the national average. 44.8% of adults in Banner Elk hold a bachelor's degree or higher, above the national average of 33.7%. 99.1% have completed high school. 27.0% hold a graduate or professional degree.
How healthy is Banner Elk?
The obesity rate in Banner Elk is 38.2% (above the national rate of 32.1%). 17.1% of adults are smokers. 24.6% are physically inactive. 29.1% of residents report depression. 10.7% lack health insurance (above the national rate). 100.0% of residents have access to exercise opportunities. The primary care physician ratio is 1:4,466.
What is transportation like in Banner Elk?
The average commute in Banner Elk is 12 minutes, shorter than the national average of 28 minutes. 64.5% of workers drive alone to work, and 19.4% work from home.
What are the demographics of Banner Elk?
The racial and ethnic makeup of Banner Elk is 83.9% White, 7.7% Black or African American. 93% of residents speak only English at home, while 7% speak Spanish. 2.9% of the population are military veterans. 15.0% of residents have a disability. 92.8% have health insurance coverage.