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Banner Elk, NC
Full City Profile · North Carolina · Avery County County
Banner Elk, NC
At a Glance
How Banner Elk Compares to the U.S. Average
Each bar shows Banner Elk's value as a percentage of the national average (100% = U.S. avg)
Is Banner Elk a Good Place to Live?
Economy & Jobs
Banner Elk residents earn a median household income of $67,917 , which is 10% below the national average of $75,149. Per capita income is $40,200. The unemployment rate stands at 2.1% (42% below the U.S. rate of 3.6%). 11.5% of residents live below the poverty line. The area is home to 698 business establishments, including 63 restaurants.
Housing & Cost of Living
The median home value in Banner Elk is $422,900 , 50% above the national median of $281,900. Zillow estimates the typical home at $566,987. Median rent is $879/month, with 35.3% of renters spending more than 30% of income on housing. The cost of living index is 94.3 (100 = national average). The median home was built in 2001.
Safety & Crime
Banner Elk reports 454 violent crimes per 100,000 residents , which is 20% above the national average of 380/100K. Property crime is 999/100K. The murder rate is 0.0/100K.
Education
44.8% of adults in Banner Elk hold a bachelor's degree or higher (33% above the national average). 99.1% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Banner Elk has 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. Annual precipitation totals 53.8 inches. Air quality is rated Good with a median AQI of 40.