The Town of Banks had a population of 149 as of July 1, 2022. 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 31.8152 and longitude -85.843 in Pike County. The formal boundaries for the Town of Banks 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 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.
|Total Population||149 (100%)|
|Population in Households||149 (100.0%)|
|Population in Families||122 (81.9%)|
|Population in Group Quarters1||0|
|Median Household Income||$55,431|
|Average Household Income||$75,017|
|% of Income for Mortgage4||16%|
|Per Capita Income||$33,405|
|Total HU (Housing Units)||109 (100%)|
|Owner Occupied HU||72 (66.1%)|
|Renter Occupied HU||11 (10.1%)|
|Vacant Housing Units||26 (23.9%)|
|Median Home Value||$163,333|
|Average Home Value||$185,357|
|Housing Affordability Index3||179|
|Average Household Size||1.80|
|Average Family Size||2.00|
GROWTH RATE / YEAR
|Median Household Income||3.50%|
|Per Capita Income||4.06%|
|Owner Occupied HU||-0.56%|
The table below compares Banks to the other 593 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2022 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||# 541||9th|
|Population Density||# 499||16th|
|Median Household Income||# 187||69th|
|Housing Affordability Index||# 321||54th|
|Per Capita Income||# 131||78th|
|Diversity Index||# 258||57th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Alabama Census Data Comparison Tool.