Population
298 residents
Census ACS 2023 - Alabama
City profile · Alabama · Census ACS 2023
Banks, AL
Population, income, housing, safety, climate and schools for Banks - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.
- 298
- Residents
- $49,773
- Median income
- $912
- Median rent (state)
Banks - the verdict
Out of every US city with 1,000+ residents, Banks places in the 19th percentile for household income. Source: Census ACS.
- 19th
- percentile, household income
- 5th
- percentile, median rent
📝 How we sourced this
Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.
Data Snapshot: Banks, AL
Alabama's Banks is a small town, with 298 residents per the latest Census Bureau ACS figures. Banks households earn a median of $49,773 annually, in the lower quartile of U.S. cities for household income, with a poverty rate of 0.0%. The median resident age is 30.8 years. Educational attainment runs 23.1% of adults with a bachelor's degree or higher. Separately, 63.0% of working-age residents are in the labor force.
The city is served by 1 public schools according to NCES Common Core of Data.
Living costs in Alabama run below the national norm: BEA Regional Price Parities 2024 puts Alabama at 88.8 on a 100-equals-national-average scale (Well Below Average). A typical two-bedroom carries a HUD Fair Market Rent of $912 per month statewide. EIA 2023 residential energy data puts Alabama's average monthly utility costs around $245 (state average). Commute times here average 22.5 minutes, with 75.8% driving alone and 1.8% working from home, per Census ACS commuting data. On FEMA's National Risk Index, this area rates 44.0 out of 100 for natural-hazard exposure (Low).
Median Household Income
$49,773 /yr
Poverty 0.0%
Cost of Living Index (state)
88.8 (US=100)
Well Below Average - BEA RPP 2024, Alabama average
How does Banks compare to other US cities?
Banks measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.
Household income 19% higher than other cities
Median rent 5% pricier than other cities
"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.
How we calculate these percentiles & ranks
Each percentile compares Banks against every qualifying US city; each in-state rank narrows that to Alabama only. Full formula and direction notes: methodology.
Alabama-relative analysis
Poverty Rate places Banks near the bottom of Alabama's cities
Among the 556 Alabama cities PlainCities tracks with reported poverty rate data, Banks ranks #511 - the 0th percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Banks only against its own state's cities, not the full US field.
Median Household Income
#292 of 530
45th percentile in Alabama
Median Gross Rent
#312 of 556
44th percentile in Alabama
Poverty Rate
#511 of 556
0th percentile in Alabama
Bachelor's Degree or Higher
#151 of 556
73rd percentile in Alabama
Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Alabama only, not a livability score. See the methodology for the source and calculation.
19th percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.
Income distribution context
Key socioeconomic indicators
Bachelor's degree or higher (adults 25+) 23.1%
Census ACS S1501, educational attainment
Poverty rate (households below FPL) 0.0%
Census ACS S1701, poverty status
Labor force participation (adults 16+) 63.0%
Census ACS S2301, share of working-age residents in the labor force
Population
298
Median Income
$49,773
Median Home Value
N/A
Median Age
30.8
Poverty Rate
0.0%
Labor force participation
63.0%
Bachelor's Degree+
23.1%
Schools
Total Schools
1
Public schools in this city
Population Change
Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025
Commute Patterns
How workers travel to work, Census ACS 2023
Average Commute Time
22.5 minutes
Drive Alone
75.8%
Carpool
22.4%
Public Transit
0.0%
Walk
0.0%
Work from Home
1.8%
Based on 165 workers 16 and over.
Monthly Utility Costs
State-average estimates for Alabama - EIA 2023 residential energy data
Electricity
$138
avg/month
Natural Gas
$62
avg/month
Water & Sewer
$45
avg/month
Total Utilities
$245
estimated/month
Estimates reflect Alabama state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.
Living Costs & Risk
Cost of living is a Alabama state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Banks sits in
Cost of Living Index
88.8
Well Below Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$912/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
44.0 / 100
Low
FEMA NRI composite score (county)
Similar Cities in Alabama
Cities of a Similar Size Nationwide
Population-matched peers from other states, closest to Banks's 298 residents (Census ACS 5-Year 2023).
Cities with a Similar Household Income Nationwide
Median-household-income-matched peers from other states, closest to Banks's $49,773 (Census ACS 5-Year 2023, table B19013).
Race & Ethnicity Composition
City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.
How Banks compares to nearby Alabama cities
Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).
| City | Population | Median Household Income |
|---|---|---|
| Banks (this city) | 298 | $49,773 |
| Lockhart | 297 | $36,964 |
| County Line | 302 | $70,625 |
| Malcolm | 305 | N/A |
Census ACS 5-year FIPS AL NCES CCD OMB Bulletin 23-01
What do people ask about Banks, AL?
What is the population of Banks, AL? +
Banks, AL counts 298 residents according to U.S. Census Bureau ACS 2023 estimates.
What is the median household income in Banks, AL? +
Banks households earn a median of $49,773 annually, based on Census ACS 2023 data.
What is the cost of living in Banks? +
BEA does not publish a city-level cost-of-living figure for Banks; the closest available measure is the Alabama state average, a cost of living index of 88.8 (U.S. average = 100), rated "Well Below Average" based on BEA Regional Price Parities 2024 data. Costs within Alabama vary by metro area.
Source: U.S. Census Bureau ACS 5-Year 2023, NCES CCD, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.
Read our methodology - how this data is sourced, computed, and verified.
Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.
Citation & verification links
Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCitiesEvery figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.