Banks Springs, LA
Population 1,432 · Louisiana
About Banks Springs, LA
Banks Springs is a small community in Louisiana with a population of 1,432 residents. The median household income is $22,240 per year, which is below the national average. The median age in Banks Springs is 30.3 years.
Housing in Banks Springs has a median home value of $70,400 and median monthly rent of $340. Of the 592 total housing units, renting is more common than owning, with 181 owner-occupied and 274 renter-occupied units.
The unemployment rate in Banks Springs is 7.7% and the poverty rate is 56.8%. 6.1% of residents hold a bachelor's degree or higher. The average commute time is 26.1 minutes.
How Banks Springs Ranks in Louisiana
Cost of Living in Banks Springs, LA
Compared to national averages, Banks Springs has a median household income of $22,240 (70% below the national median of $75,149). Home values average $70,400, which is 71% below the national median. Monthly rent at $340 is 71% below the US average of $1,163. Within Louisiana, Banks Springs's income is 59% below the state average of $54,685, and home values are 55% below the state median of $156,619.
Why Live in Banks Springs, LA?
Banks Springs offers affordable housing with a median home value of $70,400, below the US average of $244,900, and rent that’s lower than the national average at $340/month.
Potential considerations include median household income ($22,240) that falls below the national average. However, Banks Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Banks Springs has a population of 1,432 with a median age of 30.3 years. Compare Banks Springs with other cities to see how it stacks up, or explore all cities in Louisiana.
Similar Cities Near Banks Springs
Cities in Louisiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gueydan | 1,431 | $29,223 | $82,100 | Compare |
| Jonesville | 1,425 | $32,639 | $80,600 | Compare |
| Lockport Heights | 1,441 | $91,250 | $322,900 | Compare |
| Colfax | 1,442 | $28,510 | $82,400 | Compare |
| Paincourtville | 1,455 | $61,037 | $0 | Compare |
| Simmesport | 1,455 | $26,250 | $60,100 | Compare |
| Iota | 1,459 | $42,750 | $161,400 | Compare |
| Bayou Gauche | 1,463 | $149,107 | $295,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Louisiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Banks Springs
What is the population of Banks Springs, LA?
The population of Banks Springs, LA is 1,432 according to the latest Census data.
What is the median household income in Banks Springs?
The median household income in Banks Springs, LA is $22,240 per year.
What is the median home value in Banks Springs?
The median home value in Banks Springs, LA is $70,400.
What is the average rent in Banks Springs?
The median monthly rent in Banks Springs, LA is $340.
What is the unemployment rate in Banks Springs?
The unemployment rate in Banks Springs, LA is 7.7%.