What is the population of Banks city?

Banks city has 2,092 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #160 of 426 in Oregon.

What is the median household income in Banks city?

Median household income in Banks city is $84,651 a year, 7.8% above the national figure of $78,538.

How much does it cost to rent or buy in Banks city?

Median gross rent is $1,634 a month and the median home value is $430,200, so rent absorbs about 23.2% of median household income.

Is Banks city affordable compared with the rest of the US?

Homes cost about 5.1× the local median income here versus roughly 3.9× nationally, so Banks city is less affordable to buy in than the typical US market, and rent takes 23.2% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Oregon · Census place 03850

Banks, OR population, income and ZIP codes

Quick answer

The population of the city of Banks, Oregon (Banks, OR — Census place “Banks city”) is 2,092 residents, ranking #160 of 426 places in Oregon. Median household income is $84,651, the median home is worth $430,200 and median gross rent runs $1,634 a month. Looking for the Banks Oregon ZIP code list? 1 ZIP codes serve Banks, OR: 97106.

Population: 2,092Banks city residents
Median household income: $84,651Past 12 months, inflation adjusted
Median home value: $430,200Owner-occupied units
Median gross rent: $1,634Rent plus utilities, monthly
Median age: 34.8 yrsAll residents
Homeownership rate: 76.9%Owner-occupied households

Banks ZIP codes (Oregon)

Census ZCTAs whose delivery area overlaps Banks.

The Banks OR ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

97106

What the numbers mean in Banks city

Housing cost measured against local earnings.

A household earning the Banks city median would spend about 23.2% 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 5.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.5% of residents and 76.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Banks city, OR in context

How this area compares with national benchmarks.

Banks city is a small town in Oregon, with 2,092 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #160 of 426 ranked by population — larger than 62% of them. The median age here is 34.8 years against 39.1 nationally, a slightly younger profile than the country as a whole. 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 city earn a median of $84,651 a year, 7.8% above the national figure of $78,538 and 14% above the $74,006 median for the 228 Oregon cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 8.5% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Banks city is valued at $430,200, 41.8% above the national figure and 14% above the $377,700 peer median, while median gross rent runs $1,634 a month, 16.2% above the national figure, or roughly $19,608 across a full year. A household on the local median income would put about 23.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 5.1×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 76.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Oregon.

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Frequently asked questions

Common questions about this area.

What is the population of Banks city?: Banks city has 2,092 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #160 of 426 in Oregon.
What is the median household income in Banks city?: Median household income in Banks city is $84,651 a year, 7.8% above the national figure of $78,538.
How much does it cost to rent or buy in Banks city?: Median gross rent is $1,634 a month and the median home value is $430,200, so rent absorbs about 23.2% of median household income.
Is Banks city affordable compared with the rest of the US?: Homes cost about 5.1× the local median income here versus roughly 3.9× nationally, so Banks city is less affordable to buy in than the typical US market, and rent takes 23.2% of median income against the 30% cost-burden line.
How current is this Banks city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. 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.