The Town of Banks had a population of 184 as of July 1, 2019. 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 (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.
HOUSING AFFORDABILITY INDEX
|Banks, AL Housing Affordability Index is 250
State of Alabama Housing Affordability Index is 174
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Banks, AL Wealth Index is 61
State of Alabama Wealth Index is 73
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Alabama address.
|Population in Households||184|
|Population in Familes||152|
|Population in Group Qrtrs||0|
|Median Household Income||$44,921|
|Average Household Income||$61,465|
|Per Capita Income||$25,922|
|Total Housing Units||98 (100%)|
|Owner Occupied HU||68 (69.4%)|
|Renter Occupied HU||10 (10.2%)|
|Vacant Housing Units||19 (19.4%)|
|Median Home Value||$102,273|
|Housing Affordability Index2||250|
|Average Household Size||2.33|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.7%|
|Per Capita Income||2.43%|
The table below compares Banks to the other 585 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2019 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||# 525||10th|
|Population Density||# 487||17th|
|Diversity Index||# 261||55th|
|Median Household Income||# 233||60th|
|Per Capita Income||# 172||71st|
Additional comparisons and rankings can be made with a VERY EASY TO USE Alabama Census Data Comparison Tool.