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The Town of Banks had a population of 93 as of July 1, 2022.
The primary coordinate point for Banks is located at latitude 33.5748 and longitude -92.269 in Bradley County. The formal boundaries for the Town of Banks encompass a land area of 0.38 sq. miles and a water area of 0 sq. miles. Bradley County is in the Central time zone (GMT -6). The elevation is 207 feet.
The Town of Banks has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The Town of Banks is located within Township of Clay, a minor civil division (MCD) of Bradley County.
POPULATION | |
---|---|
Total Population | 93 (100%) |
Population in Households | 93 (100.0%) |
Population in Families | 74 (79.6%) |
Population in Group Quarters1 | 0 |
Population Density | 248 |
Diversity Index2 | 45 |
INCOME | |
Median Household Income | $43,443 |
Average Household Income | $55,060 |
% of Income for Mortgage4 | 0% |
Per Capita Income | $23,003 |
Wealth Index5 | 40 |
HOUSING | |
---|---|
Total HU (Housing Units) | 51 (100%) |
Owner Occupied HU | 38 (74.5%) |
Renter Occupied HU | 4 ( 7.8%) |
Vacant Housing Units | 8 (15.7%) |
Median Home Value | $118,750 |
Average Home Value | $442,949 |
Housing Affordability Index3 | 0 |
HOUSEHOLDS | |
Total Households | 43 |
Average Household Size | 2.16 |
Family Households | 26 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2022 | 2022-2027 |
---|---|---|
Population | 3.01% | 1.46% |
Households | 3.27% | 0.91% |
Families | 1.49% | |
Median Household Income | 3.80% | |
Per Capita Income | 2.99% | |
Owner Occupied HU | 1.53% |
The table below compares Banks to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 550 | 12th |
Population Density | # 354 | 44th |
Median Household Income | # 369 | 41st |
Housing Affordability Index | # 122 | 20th |
Per Capita Income | # 487 | 22nd |
Diversity Index | # 210 | 67th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.
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