Banks, AL Demographics

The total population of Banks is estimated to be 302 with 182 males (60.26%) and 120 females (39.74%). There are 62 less females than males in Banks.
The median household income in Banks was $47,082 in 2021, which marked an an increase of 1,126(2.45%) from $45,956 in 2020. This income is 63.11% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Banks sees its highest median household income among householders in the age group of 65 years and over old, at $63,053. Overall, the median household income for the town of Banks stands at $47,082.
In Banks, the median income for all workers aged 15 years and older, regardless of work hours, was $39,113 for males and $28,037 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,249 for males and $33,610 for females.
In Banks, there are just two different racial groups among households. Among these, White households report a median household income of $56,297, while Black or African American households have a median household income of $32,673.
In 2022, the population of Banks was 154, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Banks's population was 154, a decline of 0.00% compared to a population of 154 in 2020.
The median age in Banks, AL is 30.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.06% were under the age of 15, 30.92% aged 15 to 29, 35.74% aged 30 to 64, 17.27% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Banks population: 69.88% are White and 30.12% are Black or African American.