Banks Springs, Louisiana Demographics & Population 2026
During the 2020–2024 ACS period, Banks Springs, Louisiana had a total population of 1,406, the 234th largest community in Louisiana, with a median household income of $26,232, which is 57% lower than the state average. The poverty rate is 65.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 57% below the state average, indicating significant economic challenges.
- More than 1 in 4 residents live below the poverty line (65.3%), well above the national average of 12.4%.
- Only 4.8% of adults have a bachelor's degree, well below the national average of 35.7%.
- Unemployment rate of 11.2% is notably above the national average.
Banks Springs Quick Facts
How Banks Springs 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 | 1,432 | 1,406 | -1.8% |
| Median household income | $22,240 | $26,232 | +17.9% |
| Median home value | $70,400 | $80,700 | +14.6% |
How Banks Springs 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: 59 | National average: 61
Education
Educational Attainment (Adults 25+)
Banks Springs Rankings in Louisiana
Explore Louisiana Rankings
Other Cities in Caldwell Parish
Cities Similar to Banks Springs
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Bernice | 1,355 | $26,399 | $80,300 | 7.8% | 28.1% |
| Gueydan | 1,464 | $27,891 | $74,300 | 7.7% | 39.5% |
| Ringgold | 1,405 | $30,592 | $92,800 | 5.2% | 33.8% |
| Deville | 1,572 | N/A | $124,600 | 16.6% | 16.2% |
| Duson | 1,282 | $25,054 | $54,300 | 11.1% | 39.3% |
Population Overview
Banks Springs is a small community located in Louisiana, within Caldwell Parish. The total population is 1,406. It ranks as the 234th most populous out of 488 Census-designated places in Louisiana.
Age Demographics
The median age in Banks Springs is 29.9 years. This is 21% lower than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Banks Springs is $26,232. This is 57% lower than the state median of $60,756. It is also 68% lower than the national median of $80,734. The poverty rate stands at 65.3%. This is 245% 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 11.2%. This is 78% higher than the state rate of 6.3%. The median home value is $80,700. Housing costs are 63% lower than the state median of $216,500. The home-value-to-income ratio is 3.1x. 38.0% of occupied housing units are owner-occupied. This homeownership rate is 44% lower than the state average of 67.4%.
Race & Ethnicity
The largest racial or ethnic group in Banks Springs is Black or African American, making up 77.7% of the population. White (non-Hispanic) residents account for 20.7%. The White (non-Hispanic) population (20.7%) is well below the state average of 55.7%. The Black or African American population is significantly higher than the state average (77.7% vs 30.5%). The Hispanic or Latino population (1.6%) is well below the state average of 7.2%.
Education
4.8% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 82% lower than the state rate of 27.0%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 66.8%.
Data Sources & Methodology
All demographic data for Banks Springs, Louisiana 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 Louisiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 488 Census-designated places in Louisiana. 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 Springs, Louisiana?
Banks Springs, Louisiana has a population of 1,406 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Banks Springs, LA?
The median household income in Banks Springs is $26,232, which is 68% lower than the national median of $80,734.
What is the poverty rate in Banks Springs, LA?
The poverty rate in Banks Springs is 65.3%. This means approximately 871 residents live below the federal poverty line.
What is the racial makeup of Banks Springs, Louisiana?
Banks Springs's population is 20.7% White, 77.7% Black, 1.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Banks Springs, LA?
The median home value in Banks Springs is $80,700. The home-value-to-income ratio is 3.1x.
How educated is Banks Springs, Louisiana?
4.8% of adults (25+) in Banks Springs hold a bachelor's degree or higher, and 4.1% hold a graduate or professional degree.