Banks vs Cherry Grove

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

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

Banks has the higher population (2,092 vs 365 in Cherry Grove). Banks has the higher median household income ($84,651 vs $76,250 in Cherry Grove). Banks has the higher median home value ($430,200 vs $394,800 in Cherry Grove).

Population, income & housing

	Banks	Cherry Grove
Population	2,092	365
Median age	34.8 yrs	56.1 yrs
Median household income	$84,651	$76,250
Median home value	$430,200	$394,800
Median gross rent	$1,634	—
Housing units	823	143
Homeownership rate	76.9%	100.0%
Bachelor's degree or higher	33.5%	15.2%
Unemployment rate	8.5%	0.0%

Trends (ACS 5-year, 2019–2023)

	Banks	Cherry Grove
Population	1,812 → 2,092 (+15.5%)	506 → 365 (-27.9%)
Median household income	$106,250 → $84,651 (-20.3%)	$87,917 → $76,250 (-13.3%)
Median home value	$300,900 → $430,200 (+43.0%)	$287,500 → $394,800 (+37.3%)
Median gross rent	$1,239 → $1,634 (+31.9%)	—

Banks

Population

1,8122,092

Median household income

$106,250$84,651

Median home value

$300,900$430,200

Median gross rent

$1,239$1,634

Cherry Grove

Population

506365

Median household income

$87,917$76,250

Median home value

$287,500$394,800

Age & race/ethnicity

Age distribution (share)

	Banks	Cherry Grove
Under 5	9.2%	2.2%
5 to 17	20.5%	11.2%
18 to 24	8.2%	3.8%
25 to 34	12.4%	5.5%
35 to 44	18.7%	6.3%
45 to 54	11.0%	20.8%
55 to 64	12.8%	19.7%
65 to 74	5.1%	15.3%
75 and over	2.1%	15.1%

Race & ethnicity (share)

	Banks	Cherry Grove
White (non-Hispanic)	73.9%	82.5%
Black or African American	0.7%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	1.4%	2.5%
Native Hawaiian & Pacific Islander	0.7%	0.0%
Some other race	4.7%	0.0%
Two or more races	6.4%	9.6%
Hispanic or Latino	12.1%	5.5%

Educational attainment (age 25+)

Share of adults 25+

	Banks	Cherry Grove
No high school diploma	3.9%	13.2%
High school graduate	24.9%	31.5%
Some college or associate's	37.7%	40.1%
Bachelor's degree	17.3%	9.3%
Graduate or professional degree	16.2%	6.0%

Commute to work

How workers get to work (share)

	Banks	Cherry Grove
Drove alone	73.9%	68.6%
Carpooled	8.0%	15.7%
Public transit	4.0%	5.0%
Walked	1.7%	5.0%
Bicycle	0.3%	0.0%
Worked from home	11.8%	5.7%
Other means	0.2%	0.0%

Housing

Units in structure (share)

	Banks	Cherry Grove
1-unit, detached	76.1%	86.0%
1-unit, attached	1.8%	0.0%
2 to 4 units	9.6%	0.0%
5 to 19 units	5.5%	0.0%
20 or more units	4.7%	0.0%
Mobile home & other	2.3%	14.0%

Poverty & households

	Banks	Cherry Grove
Poverty rate	8.5%	16.8%
Average household size	2.62	2.55
Mean commute (minutes)	28	36
Median year structure built	1994	1975