Banks, Oregon Demographics & Population 2026
During the 2020–2024 ACS period, Banks, Oregon had a total population of 2,156, the 161st largest city in Oregon, with a median household income of $86,087, which is 4% higher than the state average. The poverty rate is 9.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 8.2% 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 | 2,092 | 2,156 | +3.1% |
| Median household income | $84,651 | $86,087 | +1.7% |
| Median home value | $430,200 | $446,800 | +3.9% |
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
Moderate diversity with one or two groups making up the majority.
State average: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
Banks Rankings in Oregon
Explore Oregon Rankings
Other Cities in Washington County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hillsboro | 108,231 | $106,409 | 8.5% | $521,100 |
| Beaverton | 97,812 | $98,622 | 10.1% | $569,800 |
| Tigard | 56,011 | $108,823 | 6.7% | $610,500 |
| Aloha | 52,389 | $101,934 | 7.8% | $484,400 |
| Bethany | 33,106 | $167,735 | 4.0% | $751,700 |
| Tualatin | 27,763 | $104,043 | 10.0% | $628,200 |
| Wilsonville | 26,974 | $96,236 | 8.8% | $615,300 |
| Forest Grove | 26,529 | $87,933 | 15.4% | $479,600 |
| Sherwood | 20,307 | $109,966 | 4.3% | $602,100 |
| Cornelius | 14,255 | $96,273 | 9.1% | $452,900 |
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 |
|---|---|---|---|---|---|
| Amity | 2,089 | $87,396 | $377,700 | 13.2% | 16.7% |
| Culver | 2,254 | $91,463 | $332,500 | 12.7% | 6.8% |
| Odell | 2,218 | $97,250 | $433,600 | 23.0% | 4.5% |
| Irrigon | 2,120 | $74,336 | $207,500 | 11.3% | 12.2% |
| Durham | 1,983 | $81,250 | $759,600 | 42.7% | 13.9% |
Population Overview
Banks is a small community located in Oregon, within Washington County. The total population is 2,156. It ranks as the 161st most populous out of 420 Census-designated places in Oregon.
Age Demographics
The median age in Banks is 34.3 years. This is 15% lower than the state median of 40.4 years. With 29.2% of the population under 18, Banks has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Banks is $86,087. This is 4% higher than the state median of $83,011. It is also 7% higher than the national median of $80,734. The poverty rate stands at 9.3%. This is 22% lower than the state poverty rate of 11.9%. The unemployment rate is 8.2%. This is 52% higher than the state rate of 5.4%. The median home value is $446,800. Housing costs are 6% lower than the state median of $477,600. The home-value-to-income ratio is 5.2x. 72.6% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 63.3%.
Race & Ethnicity
The largest racial or ethnic group in Banks is White (non-Hispanic), making up 71.0% of the population. Hispanic or Latino residents account for 13.0%. The Black or African American population (0.9%) is well below the state average of 1.8%. The Asian population (1.2%) is well below the state average of 4.4%.
Education
35.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 36.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.4%. Notably, 15.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Banks, Oregon 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 Oregon state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 420 Census-designated places in Oregon. 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, Oregon?
Banks, Oregon has a population of 2,156 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Banks, OR?
The median household income in Banks is $86,087, which is 7% higher than the national median of $80,734.
What is the poverty rate in Banks, OR?
The poverty rate in Banks is 9.3%. This means approximately 199 residents live below the federal poverty line.
What is the racial makeup of Banks, Oregon?
Banks's population is 71.0% White, 0.9% Black, 13.0% Hispanic/Latino, and 1.2% Asian.
What is the median home value in Banks, OR?
The median home value in Banks is $446,800. The home-value-to-income ratio is 5.2x.
How educated is Banks, Oregon?
35.3% of adults (25+) in Banks hold a bachelor's degree or higher, and 15.8% hold a graduate or professional degree.