Banks, AR
Population 127 · Arkansas
About Banks, AR
Banks is a small community in Arkansas with a population of 127 residents. The median household income is $63,750 per year, which is near the national average. The median age in Banks is 29.5 years.
Housing in Banks has a median home value of $75,000 and median monthly rent of $0. Of the 49 total housing units, the majority are owner-occupied, with 40 owner-occupied and 0 renter-occupied units.
The unemployment rate in Banks is 18.6% and the poverty rate is 48.0%. 8.6% of residents hold a bachelor's degree or higher. The average commute time is 28.9 minutes.
Cost of Living in Banks, AR
Compared to national averages, Banks has a median household income of $63,750 (15% below the national median of $75,149). Home values average $75,000, which is 69% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arkansas, Banks's income is 22% above the state average of $52,241, and home values are 40% below the state median of $125,457.
Why Live in Banks, AR?
Banks offers affordable housing with a median home value of $75,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($63,750) 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 127 with a median age of 29.5 years. Compare Banks with other cities to see how it stacks up, or explore all cities in Arkansas.
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Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Banks
What is the population of Banks, AR?
The population of Banks, AR is 127 according to the latest Census data.
What is the median household income in Banks?
The median household income in Banks, AR is $63,750 per year.
What is the median home value in Banks?
The median home value in Banks, AR is $75,000.
What is the average rent in Banks?
The median monthly rent in Banks, AR is $0.
What is the unemployment rate in Banks?
The unemployment rate in Banks, AR is 18.6%.