Banks, AL
Population 298 · Alabama
About Banks, AL
Banks is a small community in Alabama with a population of 298 residents. The median household income is $49,773 per year, which is below the national average. The median age in Banks is 30.8 years.
Housing in Banks has a median home value of $0 and median monthly rent of $1,057. Of the 139 total housing units, the majority are owner-occupied, with 98 owner-occupied and 20 renter-occupied units.
The unemployment rate in Banks is 12.2% and the poverty rate is 13.8%. 23.1% of residents hold a bachelor's degree or higher. The average commute time is 22.9 minutes.
Cost of Living in Banks, AL
Compared to national averages, Banks has a median household income of $49,773 (34% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,057 is 9% below the US average of $1,163. Within Alabama, Banks's income is 14% below the state average of $57,952, and home values are 100% below the state median of $159,358.
Why Live in Banks, AL?
Banks offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $1,057/month, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($49,773) that falls below the national average. However, Banks’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Banks has a population of 298 with a median age of 30.8 years. Compare Banks with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Banks
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lockhart | 297 | $36,964 | $72,700 | Compare |
| County Line | 302 | $70,625 | $88,900 | Compare |
| Malcolm | 305 | $0 | $0 | Compare |
| Hodges | 306 | $66,875 | $95,000 | Compare |
| Castleberry | 288 | $21,111 | $44,300 | Compare |
| Anderson | 309 | $86,250 | $200,000 | Compare |
| Cullomburg | 310 | $0 | $0 | Compare |
| Gordonville | 311 | $46,875 | $61,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Banks With Other Cities
Frequently Asked Questions about Banks
What is the population of Banks, AL?
The population of Banks, AL is 298 according to the latest Census data.
What is the median household income in Banks?
The median household income in Banks, AL is $49,773 per year.
What is the median home value in Banks?
The median home value in Banks, AL is $0.
What is the average rent in Banks?
The median monthly rent in Banks, AL is $1,057.
What is the unemployment rate in Banks?
The unemployment rate in Banks, AL is 12.2%.