Banks

Population: 298
Median household income: $49,773

Banks is a community in Pike County, Alabama, home to 298 residents. At $49,773, its median household income sits in line with Pike County's $47,961.

From 2019 to 2023, Banks's population grew 56.8% from 190 to 298.

75.8% of workers drive to work alone. 54.0% of homes are single-family detached houses.

Demographics

ACS 2019–2023

Population: 298
Median age: 30.8 yrs
Median household income: $49,773
Median home value: —
Median gross rent: $1,057
Housing units: 139
Homeownership rate: 83.1%
Bachelor's degree or higher: 23.1%
Unemployment rate: 12.2%

Trends

ACS 5-year · 2019–2023

Population

190298

Median household income

$50,000$49,773

Median home value

$118,800$152,100

Median gross rent

$618$1,057

Year	Population	Median household income	Median home value	Median gross rent
2019	190	$50,000	$118,800	$618
2020	171	$40,556	$128,600	$792
2021	249	$43,558	$152,100	$888
2022	302	$46,250	—	$911
2023	298	$49,773	—	$1,057

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.0%

5 to 179.1%

18 to 2425.5%

25 to 3418.5%

35 to 448.4%

45 to 5416.1%

55 to 644.7%

65 to 742.3%

75 and over12.4%

	Count	Share
Under 5	9	3.0%
5 to 17	27	9.1%
18 to 24	76	25.5%
25 to 34	55	18.5%
35 to 44	25	8.4%
45 to 54	48	16.1%
55 to 64	14	4.7%
65 to 74	7	2.3%
75 and over	37	12.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	158	53.0%
Black or African American	140	47.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	0	0.0%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma21.5%

High school graduate39.8%

Some college or associate's15.6%

Bachelor's degree15.1%

Graduate or professional degree8.1%

	Count	Share
No high school diploma	40	21.5%
High school graduate	74	39.8%
Some college or associate's	29	15.6%
Bachelor's degree	28	15.1%
Graduate or professional degree	15	8.1%

Commute to work

Mean travel time to work: 23 min

Drove alone75.8%

Carpooled22.4%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home1.8%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	125	75.8%
Carpooled	37	22.4%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	3	1.8%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	42	25.9%
15 to 29 min	40	24.7%
30 to 44 min	65	40.1%
45 to 59 min	13	8.0%
60+ min	2	1.2%

Households

Average household size: 2.53
Poverty rate: 13.8% (41 of 298)

	Count	Share
Family households	49	41.5%
Nonfamily households	69	58.5%

Housing

Median year structure built: 1984

Occupancy

	Count	Share
Occupied	118	84.9%
Vacant	21	15.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	98	83.1%
Renter-occupied	20	16.9%

1-unit, detached54.0%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other46.0%

Units in structure

	Count	Share
1-unit, detached	75	54.0%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	64	46.0%

Geography

Place GEOID: 0103940
Type (LSAD): 43
Land area: 1.99 sq mi
Water area: 0 sq mi
Center point: 31.8133, -85.8364