Louisiana · Census place 04230
Banks Springs CDP, LA
Quick answer
Banks Springs CDP has 1,432 residents, ranking #234 of 489 places in Louisiana. Median household income is $22,240, the median home is worth $70,400 and median gross rent runs $340 a month.
- Population
- 1,432Banks Springs CDP residents
- Median household income
- $22,240Past 12 months, inflation adjusted
- Median home value
- $70,400Owner-occupied units
- Median gross rent
- $340Rent plus utilities, monthly
- Median age
- 30.3 yrsAll residents
- Homeownership rate
- 39.8%Owner-occupied households
What the numbers mean in Banks Springs CDP
Housing cost measured against local earnings.
A household earning the Banks Springs CDP median would spend about 18.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 56.8% of residents and 39.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Louisiana.
- Simmesport town 1,455
- Colfax town 1,442
- Lockport Heights CDP 1,441
- Gueydan town 1,431
- Jonesville town 1,425
- Sibley town 1,392
- Wallace CDP 1,383
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