Banks Lake South CDP, Washington Demographics & Population 2026

Name: Banks Lake South CDP, Washington Demographics
Creator: U.S. Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

As of 2026, Banks Lake South CDP, Washington has a total population of 216, the 553rd largest city in Washington, with a median household income of $42,917, which is 55% lower than the state average. The poverty rate is 10.2%.

Key Takeaways

Household income is 55% below the state average, indicating significant economic challenges.

Banks Lake South CDP Quick Facts

Population 216

Median Household Income $42,917

Median Home Value $252,400

Poverty Rate 10.2%

Unemployment Rate 5.4%

Median Age 48.6 years

Homeownership Rate 82.8%

Affordability Ratio 5.9x

Bachelor's Degree or Higher 12.8%

High School Graduation Rate 96.0%

Diversity Index 43/100

Population 216 553rd of 631

Median Income $42,917 bottom 10%

Poverty Rate 10.2% 18% lower national

Median Home Value $252,400 bottom 30%

How Banks Lake South CDP Compares

Median Household Income

Banks Lake South CDP

$42,917

$94,952

National

$78,538

Median Home Value

Banks Lake South CDP

$252,400

$519,800

National

$303,400

Economy & Housing

Household Income Distribution

Under $25K 33.3%

$25K-$50K 31.0%

$50K-$100K 33.3%

$100K+ 2.3%

Employment

5.4% Unemployment Rate State: 5.0% | National: 5.2%

49.2% Labor Force Participation

Housing Overview

Owner 82.8%

Renter 17.2%

Affordability Index Expensive

5.9x home value to income ratio

People & Demographics

Age Distribution

Under 18

15.7%

18-34

32.4%

35-54

7.9%

55-74

34.3%

75+

9.7%

Race & Ethnicity

Diversity Index

Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 55 | National average: 60

Education

Educational Attainment (Adults 25+)

Banks Lake South CDP Rankings in Washington

#553 Population of 631

#549 Median Income of 631

#517 Education of 631

#452 Home Value of 631

Explore Washington Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Cities Similar to Banks Lake South CDP

These cities in the same state have comparable population and economic profiles.

City	Population	Median Income	Home Value	Bachelor's+	Poverty
Wheeler CDP	223	N/A	N/A	52.5%	0.0%
Northport town	207	$42,917	$128,100	18.8%	8.2%
Conconully town	202	N/A	$216,100	16.5%	30.7%
Lower Elochoman CDP	235	N/A	$448,400	4.1%	5.1%
Marcus town	206	$46,250	$159,500	15.9%	33.5%

Population Overview

Banks Lake South CDP is a small community located in Washington. The total population is 216. It ranks as the 553rd most populous out of 631 cities and towns in Washington.

Age Demographics

The median age in Banks Lake South CDP is 48.6 years. This is 27% higher than the state median of 38.2 years.

Economy, Income & Housing

The median household income in Banks Lake South CDP is $42,917. This is 55% lower than the state median of $94,952. Compared to the national median of $78,538, household income here is 45% lower. The poverty rate stands at 10.2%. This is 3% higher than the state poverty rate of 9.9%. The unemployment rate is 5.4%. This is 9% higher than the state rate of 5.0%. The median home value is $252,400. Housing costs are 51% lower than the state median of $519,800. The home-value-to-income ratio is 5.9x. 82.8% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 63.9%.

Race & Ethnicity

The largest racial or ethnic group in Banks Lake South CDP is White (non-Hispanic), making up 69.4% of the population. Asian residents account for 5.1%. The Hispanic or Latino population (4.2%) is well below the state average of 14.1%.

Education

12.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 67% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.0%.

Data Sources & Methodology

All demographic data for Banks Lake South CDP, Washington 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 Washington state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 631 Census-designated places in Washington. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Banks Lake South CDP, Washington?

Banks Lake South CDP, Washington has a population of 216 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Banks Lake South CDP, WA?

The median household income in Banks Lake South CDP is $42,917, which is 45% lower the national median of $78,538.

What is the poverty rate in Banks Lake South CDP, WA?

The poverty rate in Banks Lake South CDP is 10.2%. This means approximately 22 residents live below the federal poverty line.

What is the racial makeup of Banks Lake South CDP, Washington?

Banks Lake South CDP's population is 69.4% White, 0.0% Black, 4.2% Hispanic/Latino, and 5.1% Asian.

What is the median home value in Banks Lake South CDP, WA?

The median home value in Banks Lake South CDP is $252,400. The home-value-to-income ratio is 5.9x.

How educated is Banks Lake South CDP, Washington?

12.8% of adults (25+) in Banks Lake South CDP hold a bachelor's degree or higher, and 3.2% hold a graduate or professional degree.