Banks Lake South, WA
Population 216 · Washington
About Banks Lake South, WA
Banks Lake South is a small community in Washington with a population of 216 residents. The median household income is $42,917 per year, which is below the national average. The median age in Banks Lake South is 48.6 years.
Housing in Banks Lake South has a median home value of $252,400 and median monthly rent of $0. Of the 102 total housing units, the majority are owner-occupied, with 72 owner-occupied and 15 renter-occupied units.
The unemployment rate in Banks Lake South is 5.4% and the poverty rate is 10.2%. 12.8% of residents hold a bachelor's degree or higher. The average commute time is 26.4 minutes.
Cost of Living in Banks Lake South, WA
Compared to national averages, Banks Lake South has a median household income of $42,917 (43% below the national median of $75,149). Home values average $252,400, which is 3% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Washington, Banks Lake South's income is 53% below the state average of $90,795, and home values are 45% below the state median of $460,491.
Why Live in Banks Lake South, WA?
Banks Lake South offers rent that’s lower than the national average at $0/month, and a low poverty rate of 10.2%, better than the national average.
Potential considerations include median household income ($42,917) that falls below the national average. However, Banks Lake South’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Banks Lake South has a population of 216 with a median age of 48.6 years. Compare Banks Lake South with other cities to see how it stacks up, or explore all cities in Washington.
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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 Banks Lake South
What is the population of Banks Lake South, WA?
The population of Banks Lake South, WA is 216 according to the latest Census data.
What is the median household income in Banks Lake South?
The median household income in Banks Lake South, WA is $42,917 per year.
What is the median home value in Banks Lake South?
The median home value in Banks Lake South, WA is $252,400.
What is the average rent in Banks Lake South?
The median monthly rent in Banks Lake South, WA is $0.
What is the unemployment rate in Banks Lake South?
The unemployment rate in Banks Lake South, WA is 5.4%.