Banks Springs CDP, Louisiana Demographics & Population 2026
As of 2026, Banks Springs CDP, Louisiana has a total population of 1,432, the 234th largest city in Louisiana, with a median household income of $22,240, which is 63% lower than the state average. The poverty rate is 56.8%.
Key Takeaways
- Household income is 63% below the state average, indicating significant economic challenges.
- More than 1 in 4 residents live below the poverty line (56.8%), well above the national average of 12.4%.
- Only 6.1% of adults have a bachelor's degree, well below the national average of 35.0%.
Banks Springs CDP Quick Facts
How Banks Springs CDP 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: 58 | National average: 60
Education
Educational Attainment (Adults 25+)
Banks Springs CDP Rankings in Louisiana
Explore Louisiana Rankings
Cities Similar to Banks Springs CDP
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Ringgold town | 1,475 | $22,833 | $112,100 | 7.1% | 39.3% |
| Duson town | 1,369 | $24,330 | $57,400 | 8.2% | 38.6% |
| Simmesport town | 1,455 | $26,250 | $60,100 | 4.3% | 46.6% |
| Deville CDP | 1,261 | N/A | N/A | 11.1% | 21.4% |
| Colfax town | 1,442 | $28,510 | $82,400 | 13.0% | 35.0% |
Population Overview
Banks Springs CDP is a small community located in Louisiana. The total population is 1,432. It ranks as the 234th most populous out of 487 cities and towns in Louisiana.
Age Demographics
The median age in Banks Springs CDP is 30.3 years. This is 20% lower than the state median of 37.8 years.
Economy, Income & Housing
The median household income in Banks Springs CDP is $22,240. This is 63% lower than the state median of $60,023. Compared to the national median of $78,538, household income here is 72% lower. The poverty rate stands at 56.8%. This is 201% higher than the state poverty rate of 18.9%. 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 7.7%. This is 22% higher than the state rate of 6.3%. The median home value is $70,400. Housing costs are 66% lower than the state median of $208,700. The home-value-to-income ratio is 3.2x. 39.8% of occupied housing units are owner-occupied. This homeownership rate is 41% lower than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Banks Springs CDP is Black or African American, making up 67.9% of the population. White (non-Hispanic) residents account for 24.6%. The White (non-Hispanic) population (24.6%) is well below the state average of 56.2%. The Black or African American population is significantly higher than the state average (67.9% vs 30.8%).
Education
6.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 77% lower than the state rate of 26.6%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 69.3%.
Data Sources & Methodology
All demographic data for Banks Springs CDP, Louisiana 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 Louisiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 487 Census-designated places in Louisiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Banks Springs CDP, Louisiana?
Banks Springs CDP, Louisiana has a population of 1,432 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Banks Springs CDP, LA?
The median household income in Banks Springs CDP is $22,240, which is 72% lower the national median of $78,538.
What is the poverty rate in Banks Springs CDP, LA?
The poverty rate in Banks Springs CDP is 56.8%. This means approximately 773 residents live below the federal poverty line.
What is the racial makeup of Banks Springs CDP, Louisiana?
Banks Springs CDP's population is 24.6% White, 67.9% Black, 7.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Banks Springs CDP, LA?
The median home value in Banks Springs CDP is $70,400. The home-value-to-income ratio is 3.2x.
How educated is Banks Springs CDP, Louisiana?
6.1% of adults (25+) in Banks Springs CDP hold a bachelor's degree or higher, and 0.9% hold a graduate or professional degree.