Tool
Compare places
Put up to four U.S. cities, towns or census-designated places side by side on 29 figures: 22 measures from the ACS 2020-2024 5-year estimates, each with its margin, and their 2025 population estimate, growth, density, new homes and housing costs against income. A filled square marks a figure that differs from the first place by more than both margins of error allow; without it, the survey cannot tell the two apart.
How do Banks, MI compare?
| Figure | Banks, MI |
|---|---|
| Residents, July 2025 (estimate) | 1,666 |
| Change since April 2020 | +5.0% |
| Residents counted in the 2020 Census | 1,588 |
| Residents per square mile (2020) | 35 |
| Homes permitted in 2025 per 1,000 residents | – |
| Median home value ÷ median household income | 3.5 years of income |
| A year of median rent ÷ median income of all households (renters usually earn less) | 12.3% |
| Measure | Banks, MI |
|---|---|
| Total population | 1,464±153 |
| Median age | 48.2±2.7 |
| Hispanic or Latino (any race) | 2.0%±1.6 pts |
| White alone, not Hispanic | 90.2%±3.2 pts |
| Black or African American alone, not Hispanic | 3.2%±2.9 pts |
| Asian alone, not Hispanic | 0.0%±2.0 pts |
| Born outside the United States | 2.5%±2.0 pts |
| Bachelor's degree or higher (age 25+) | 30.8%±4.9 pts |
| Median household income | $71,326±$4,065 |
| Per capita income | $34,501±$2,610 |
| People below the poverty line | 4.4%±1.8 pts |
| Unemployment rate | 4.6%±2.9 pts |
| Median home value (owner-occupied) | $248,800±$31,251 |
| Median gross rent | $731±$281 |
| Renters paying 35% or more of income on rent | 25.4%±16.0 pts |
| Owner-occupied homes | 87.9%±4.6 pts |
| Built 2020 or later | 0.0%±2.9 pts |
| Worked from home | 6.6%±2.8 pts |
| Drove alone to work | 80.6%±4.6 pts |
| Public transportation | 0.0%±4.3 pts |
| Mean travel time to work | 25.4 min±3.3 |
| No health insurance coverage | 6.5%±5.5 pts |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026); Census Bureau population estimates, Vintage 2025; 2020 Census; Building Permits Survey 2025 · Check it at data.census.gov