Banks vs Troy

A side-by-side comparison of Banks and Troy: population, income, housing, and more.

Banks and Troy are places in Alabama. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Troy has the higher population (17,733 vs 298 in Banks). Banks has the higher median household income ($49,773 vs $47,595 in Troy). Since 2019, Banks's population has grown faster (+56.8% vs -7.2%).

Population, income & housing

	Banks	Troy
Population	298	17,733
Median age	30.8 yrs	24.7 yrs
Median household income	$49,773	$47,595
Median home value	—	$214,100
Median gross rent	$1,057	$943
Housing units	139	8,022
Homeownership rate	83.1%	47.2%
Bachelor's degree or higher	23.1%	36.5%
Unemployment rate	12.2%	3.1%

Trends (ACS 5-year, 2019–2023)

	Banks	Troy
Population	190 → 298 (+56.8%)	19,112 → 17,733 (-7.2%)
Median household income	$50,000 → $49,773 (-0.5%)	$31,515 → $47,595 (+51.0%)
Median home value	$118,800 → $152,100 (+28.0%)	$154,000 → $214,100 (+39.0%)
Median gross rent	$618 → $1,057 (+71.0%)	$687 → $943 (+37.3%)

Banks

Population

190298

Median household income

$50,000$49,773

Median home value

$118,800$152,100

Median gross rent

$618$1,057

Troy

Population

19,11217,733

Median household income

$31,515$47,595

Median home value

$154,000$214,100

Median gross rent

$687$943

Age & race/ethnicity

Age distribution (share)

	Banks	Troy
Under 5	3.0%	4.9%
5 to 17	9.1%	11.1%
18 to 24	25.5%	34.5%
25 to 34	18.5%	12.3%
35 to 44	8.4%	8.8%
45 to 54	16.1%	8.0%
55 to 64	4.7%	9.5%
65 to 74	2.3%	5.7%
75 and over	12.4%	5.2%

Race & ethnicity (share)

	Banks	Troy
White (non-Hispanic)	53.0%	51.4%
Black or African American	47.0%	40.8%
American Indian & Alaska Native	0.0%	0.4%
Asian	0.0%	3.3%
Native Hawaiian & Pacific Islander	0.0%	0.1%
Some other race	0.0%	0.0%
Two or more races	0.0%	2.0%
Hispanic or Latino	0.0%	2.1%

Educational attainment (age 25+)

Share of adults 25+

	Banks	Troy
No high school diploma	21.5%	7.5%
High school graduate	39.8%	28.3%
Some college or associate's	15.6%	27.7%
Bachelor's degree	15.1%	21.0%
Graduate or professional degree	8.1%	15.5%

Commute to work

How workers get to work (share)

	Banks	Troy
Drove alone	75.8%	85.8%
Carpooled	22.4%	5.5%
Public transit	0.0%	0.5%
Walked	0.0%	2.8%
Bicycle	0.0%	0.5%
Worked from home	1.8%	3.7%
Other means	0.0%	1.2%

Housing

Units in structure (share)

	Banks	Troy
1-unit, detached	54.0%	56.9%
1-unit, attached	0.0%	0.7%
2 to 4 units	0.0%	12.7%
5 to 19 units	0.0%	11.6%
20 or more units	0.0%	5.6%
Mobile home & other	46.0%	12.5%

Poverty & households

	Banks	Troy
Poverty rate	13.8%	26.1%
Average household size	2.53	2.41
Mean commute (minutes)	23	18
Median year structure built	1984	1992