Banquete, TX
Population 488 · Texas
About Banquete, TX
Banquete is a small community located in Texas with a population of 488 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,617 per year, which is 45% above the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Banquete features a median home value of $0, which is 100% below the national median of $244,900. This makes Banquete one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 206 total housing units, 61% are owner-occupied (103 units) and 39% are renter-occupied (66 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Banquete shows an unemployment rate of 13.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.4%, above the national average of 12.4%. Workers in Banquete have an average one-way commute time of 15 minutes, one of the shorter commutes in the region.
Education & Demographics
24.3% of Banquete residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 71.3% White, 0.0% Hispanic or Latino, 8.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Banquete, TX
Compared to national averages, Banquete has a median household income of $108,617 (45% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Banquete's income is 49% above the state average of $72,726, and home values are 100% below the state median of $211,769.
Why Live in Banquete, TX?
Banquete offers a strong local economy with a median household income of $108,617, well above the national average, and 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 $0/month. Additionally, the city features short commute times averaging just 15 minutes.
Banquete has a population of 488 with a median age of 35.8 years. Compare Banquete with other cities to see how it stacks up, or explore all cities in Texas.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Banquete
What is the population of Banquete, TX?
The population of Banquete, TX is 488 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Banquete?
The median household income in Banquete, TX is $108,617 per year, which is 45% above the national median of $75,149.
What is the median home value in Banquete?
The median home value in Banquete, TX is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Banquete?
The median monthly rent in Banquete, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Banquete?
The unemployment rate in Banquete, TX is 13.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Banquete, TX a good place to live?
Banquete offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 488 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Banquete, TX?
24.3% of residents in Banquete aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Banquete?
Key cost-of-living indicators for Banquete, TX: median home value is $0 (100% below national), median rent is $0/month, and median household income is $108,617. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Banquete?
The poverty rate in Banquete, TX is 24.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Banquete, TX?
Banquete's population is 71.3% White, 0.0% Hispanic or Latino, 8.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.