Banks, Alabama Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Banks, Alabama had a total population of 320, the 468th largest town in Alabama, with a median household income of $50,000, which is 22% lower than the state average. The poverty rate is 8.8%.
Key Takeaways
- Unemployment rate of 10.9% is notably above the national average.
Banks Quick Facts
How Banks Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 190 | 320 | No clear change (+68.4%) |
| Median household income | $61,535 | $50,000 | No clear change (-18.7%) |
| Median gross rent | $761 | $1,080 | +42.0% |
How Banks Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 68.1%
- Black: 31.9%
- Hispanic: 0.0%
- Asian: 0.0%
- Other: 0.0%
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 53 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 22.8%
- HS Diploma: 37.8%
- Some College: 12.2%
- Associate's: 7.2%
- Bachelor's: 17.8%
- Graduate+: 2.2%
Banks Rankings in Alabama
Explore Alabama Rankings
Other Cities in Pike County
Cities Similar to Banks
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Gordon | 323 | N/A | $86,700 | 4.0% | 31.6% |
| Fredonia | 329 | N/A | $237,500 | 14.3% | 76.3% |
| Maytown | 314 | $50,938 | $120,800 | 11.1% | 21.1% |
| Nances Creek | 330 | N/A | $222,100 | 26.5% | 15.2% |
| Epes | 354 | N/A | $56,700 | 26.0% | 49.1% |
A note before these figures: with a population of 320, Banks's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Banks is a small community located in Alabama, within Pike County. The total population is 320. It ranks as the 468th most populous out of 592 Census-designated places in Alabama.
Age Demographics
The median age in Banks is 29.6 years. This is 25% lower than the state median of 39.3 years. 11.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Banks is $50,000. This is 22% lower than the state median of $63,999. It is also 38% lower than the national median of $80,734. The poverty rate stands at 8.8%. This is 44% lower than the state poverty rate of 15.6%. The unemployment rate is 10.9%. This is 133% higher than the state rate of 4.7%. 63.1% of occupied housing units are owner-occupied. This homeownership rate is 10% lower than the state average of 70.2%.
Race & Ethnicity
The largest racial or ethnic group in Banks is White (non-Hispanic), making up 68.1% of the population. Black or African American residents account for 31.9%.
Education
20.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 30% lower than the state rate of 28.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 77.2%.
Data Sources & Methodology
All demographic data for Banks, Alabama is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Alabama state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 592 Census-designated places in Alabama. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Alabama city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Banks, Alabama?
Banks, Alabama has a population of 320 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Banks, AL?
The median household income in Banks is $50,000, which is 38% lower than the national median of $80,734.
What is the poverty rate in Banks, AL?
The poverty rate in Banks is 8.8%. This means approximately 28 residents live below the federal poverty line.
What is the racial makeup of Banks, Alabama?
Banks's population is 68.1% White, 31.9% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Banks, AL?
The Census Bureau does not publish a reliable median home value estimate for Banks — there are too few owner-occupied homes in the ACS sample. The national median is $332,700.
How educated is Banks, Alabama?
20.0% of adults (25+) in Banks hold a bachelor's degree or higher, and 2.2% hold a graduate or professional degree.