Banks, OR
Population 2,092 · Oregon
About Banks, OR
Banks is a small community in Oregon with a population of 2,092 residents. The median household income is $84,651 per year, which is above the national average. The median age in Banks is 34.8 years.
Housing in Banks has a median home value of $430,200 and median monthly rent of $1,634. Of the 823 total housing units, the majority are owner-occupied, with 613 owner-occupied and 184 renter-occupied units.
The unemployment rate in Banks is 8.5% and the poverty rate is 8.5%. 33.5% of residents hold a bachelor's degree or higher. The average commute time is 28.3 minutes.
Cost of Living in Banks, OR
Compared to national averages, Banks has a median household income of $84,651 (13% above the national median of $75,149). Home values average $430,200, which is 76% above the national median. Monthly rent at $1,634 is 40% above the US average of $1,163. Within Oregon, Banks's income is 11% above the state average of $76,196, and home values are 13% above the state median of $382,095.
Why Live in Banks, OR?
Banks offers a strong local economy with a median household income of $84,651, well above the national average, and a low poverty rate of 8.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $430,200. However, Banks’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Banks has a population of 2,092 with a median age of 34.8 years. Compare Banks with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Banks
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rogue River | 2,092 | $45,163 | $274,800 | Compare |
| Enterprise | 2,145 | $56,975 | $298,400 | Compare |
| Mulino | 2,146 | $103,375 | $698,000 | Compare |
| Harbor | 2,154 | $57,778 | $316,600 | Compare |
| Depoe Bay | 2,025 | $68,636 | $369,900 | Compare |
| Waldport | 2,025 | $50,000 | $318,400 | Compare |
| Bay City | 2,022 | $80,329 | $337,500 | Compare |
| Clatskanie | 2,198 | $81,307 | $300,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
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, OR?
The population of Banks, OR is 2,092 according to the latest Census data.
What is the median household income in Banks?
The median household income in Banks, OR is $84,651 per year.
What is the median home value in Banks?
The median home value in Banks, OR is $430,200.
What is the average rent in Banks?
The median monthly rent in Banks, OR is $1,634.
What is the unemployment rate in Banks?
The unemployment rate in Banks, OR is 8.5%.