Banks, AL population, income and ZIP codes

Banks town is a very small community in Alabama, with 298 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #472 of 593 ranked by population — larger than 20% of them. The median age here is 30.8 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Banks town earn a median of $49,773 a year, 36.6% below the national figure of $78,538 and 11% below the $55,687 median for the 322 Alabama cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 13.8% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Banks town is valued at not published, while median gross rent runs $1,057 a month, 24.8% below the national figure, or roughly $12,684 across a full year. A household on the local median income would put about 25.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. 83.1% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

With 298 residents, a handful of survey responses moves every median on this page. Compare Banks town against its county rather than against national figures.

The Census withheld home value for Banks town because the sample was too thin to publish at this geography. Those values were suppressed at the source, not lost in our dataset, and we do not model a replacement. Everything else on this page comes straight from the ACS 2019-2023 ACS 5-year tables.