Banks, Arkansas Demographics & Population 2026
During the 2020–2024 ACS period, Banks, Arkansas had a total population of 126, the 503rd largest town in Arkansas, with a median household income of $56,250, which is 7% lower than the state average. The poverty rate is 43.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- More than 1 in 4 residents live below the poverty line (43.1%), well above the national average of 12.4%.
- Only 6.3% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 1.1x.
- Unemployment rate of 36.2% is notably above the national average.
Banks Quick Facts
How Banks Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 127 | 126 | -0.8% |
| Median household income | $63,750 | $56,250 | -11.8% |
| Median home value | $75,000 | $60,000 | -20.0% |
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
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 51 | National average: 61
Education
Educational Attainment (Adults 25+)
Banks Rankings in Arkansas
Explore Arkansas Rankings
Other Cities in Bradley 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 |
|---|---|---|---|---|---|
| Roe | 129 | N/A | N/A | 19.3% | 1.6% |
| Valley Springs | 121 | N/A | $126,600 | 1.3% | 13.2% |
| Beaver | 121 | $58,250 | $235,700 | 23.9% | 3.3% |
| Weldon | 136 | $54,583 | N/A | 2.9% | 1.5% |
| Aubrey | 139 | N/A | $81,400 | 0.0% | 21.6% |
A note before these figures: with a population of 126, 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 Arkansas, within Bradley County. The total population is 126. It ranks as the 503rd most populous out of 614 Census-designated places in Arkansas.
Age Demographics
The median age in Banks is 37.7 years. This is 2% lower than the state median of 38.5 years.
Economy, Income & Housing
The median household income in Banks is $56,250. This is 7% lower than the state median of $60,773. It is also 30% lower than the national median of $80,734. The poverty rate stands at 43.1%. This is 169% 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 36.2%. This is 632% higher than the state rate of 4.9%. The median home value is $60,000. Housing costs are 68% lower than the state median of $188,000. With a home-value-to-income ratio of just 1.1x, Banks is one of the most affordable housing markets in the area. 84.9% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 66.4%.
Race & Ethnicity
Banks has a predominantly White (non-Hispanic) population, comprising 95.2% of all residents.
Education
6.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 75% lower than the state rate of 25.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 82.3%.
Data Sources & Methodology
All demographic data for Banks, Arkansas 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 Arkansas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 614 Census-designated places in Arkansas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Banks, Arkansas?
Banks, Arkansas has a population of 126 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Banks, AR?
The median household income in Banks is $56,250, which is 30% lower than the national median of $80,734.
What is the poverty rate in Banks, AR?
The poverty rate in Banks is 43.1%. This means approximately 53 residents live below the federal poverty line.
What is the racial makeup of Banks, Arkansas?
Banks's population is 95.2% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Banks, AR?
The median home value in Banks is $60,000. The home-value-to-income ratio is 1.1x.
How educated is Banks, Arkansas?
6.3% of adults (25+) in Banks hold a bachelor's degree or higher, and 5.1% hold a graduate or professional degree.