The Town of Banks had a population of 190 as of July 1, 2016. Banks ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Alabama. See peer rankings below.
The primary coordinate point for Banks is located at latitude 31.8133 and longitude -85.8364 in Pike County. The formal boundaries for the Town of Banks (see map below) encompass a land area of 1.99 sq. miles and a water area of 0 sq. miles. Pike County is in the Central time zone (GMT -6). The elevation is 554 feet.
The Town of Banks (GNIS ID: 2405206) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Banks is located within Banks-Josie Division of Pike County.
Beneath the boundary map are tables with Banks population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2016.
|Population in Households||190|
|Population in Familes||158|
|Population in Group Qrtrs||0|
|Average Household Size||2.32|
|Average Family Size||3|
|Total Housing Units||103 (100%)|
|Owner Occupied HU||68 (66.0%)|
|Renter Occupied HU||14 (13.6%)|
|Vacant Housing Units||21 (20.4%)|
|Median Home Value||$73,864|
|Average Home Value||$125,362|
|Median Household Income||$34,405|
|Average Household Income||$53,271|
|Per Capita Income||$22,592|
|(Compound Annual Growth Rates)|
|Median Household Income||0.34%|
|Per Capita Income||1.76%|
The table below compares Banks to the other 580 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2016 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 516||11th|
|Population Density1||# 479||18th|
|Diversity Index2||# 272||53rd|
|Median Household Income||# 382||34th|
|Per Capita Income||# 160||73rd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Alabama Census Data Comparison Tool.