Banks town, Arkansas Demographics & Population 2026
As of 2026, Banks town, Arkansas has a total population of 127, the 502nd largest city in Arkansas, with a median household income of $63,750, which is 8% higher than the state average. The poverty rate is 48.0%.
Key Takeaways
- More than 1 in 4 residents live below the poverty line (48.0%), well above the national average of 12.4%.
- Only 8.6% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 1.2x.
- Unemployment rate of 18.6% is notably above the national average.
Banks town Quick Facts
How Banks town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 50 | National average: 60
Education
Educational Attainment (Adults 25+)
Banks town Rankings in Arkansas
Explore Arkansas Rankings
Cities Similar to Banks town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| West Point town | 126 | N/A | $74,500 | 13.5% | 50.8% |
| Uniontown CDP | 136 | N/A | N/A | 0.0% | 0.0% |
| Jericho town | 118 | $63,594 | $97,500 | 15.1% | 6.8% |
| Black Springs town | 138 | N/A | N/A | 12.7% | 10.9% |
| Higden town | 129 | $73,750 | $202,500 | 25.5% | 7.8% |
Population Overview
Banks town is a small community located in Arkansas. The total population is 127. It ranks as the 502nd most populous out of 617 cities and towns in Arkansas.
Age Demographics
The median age in Banks town is 29.5 years. This is 23% lower than the state median of 38.4 years. With 29.1% of the population under 18, Banks town has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Banks town is $63,750. This is 8% higher than the state median of $58,773. Compared to the national median of $78,538, household income here is 19% lower. The poverty rate stands at 48.0%. This is 199% higher than the state poverty rate of 16.0%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 18.6%. This is 265% higher than the state rate of 5.1%. The median home value is $75,000. Housing costs are 57% lower than the state median of $175,300. With a home-value-to-income ratio of just 1.2x, Banks town is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 51% higher than the state average of 66.1%.
Race & Ethnicity
The largest racial or ethnic group in Banks town is White (non-Hispanic), making up 68.5% of the population. Hispanic or Latino residents account for 26.8%. The Hispanic or Latino population is significantly higher than the state average (26.8% vs 8.8%).
Education
8.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 66% lower than the state rate of 25.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.0%.
Data Sources & Methodology
All demographic data for Banks town, Arkansas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Arkansas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 617 Census-designated places in Arkansas. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Banks town, Arkansas?
Banks town, Arkansas has a population of 127 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Banks town, AR?
The median household income in Banks town is $63,750, which is 19% lower the national median of $78,538.
What is the poverty rate in Banks town, AR?
The poverty rate in Banks town is 48.0%. This means approximately 59 residents live below the federal poverty line.
What is the racial makeup of Banks town, Arkansas?
Banks town's population is 68.5% White, 0.0% Black, 26.8% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Banks town, AR?
The median home value in Banks town is $75,000. The home-value-to-income ratio is 1.2x.
How educated is Banks town, Arkansas?
8.6% of adults (25+) in Banks town hold a bachelor's degree or higher, and 5.7% hold a graduate or professional degree.