Also See Banks, AR: ZIP Codes & Maps
The Town of Banks had a population of 109 as of July 1, 2023.
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 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 | 109 (100%) |
Population in Households | 109 (100.0%) |
Population in Families | 66 (60.6%) |
Population in Group Quarters1 | 0 |
Population Density | 290 |
Diversity Index2 | 45 |
INCOME | |
Median Household Income | $42,135 |
Average Household Income | $48,792 |
% of Income for Mortgage4 | 0% |
Per Capita Income | $20,591 |
Wealth Index5 | 36 |
Socioeconomic Status Index6 | Moderate (51.4) |
HOUSING | |
---|---|
Total HU (Housing Units) | 49 (100%) |
Owner Occupied HU | 41 (83.7%) |
Renter Occupied HU | 5 (10.2%) |
Vacant Housing Units | 3 ( 6.1%) |
Median Home Value | $39,423 |
Average Home Value | $54,268 |
Housing Affordability Index3 | 0 |
HOUSEHOLDS | |
Total Households | 46 |
Average Household Size | 2.37 |
Family Households | 23 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 7.18% | 0.36% |
Households | 4.39% | 0.43% |
Families | 2.48% | |
Median Household Income | -0.53% | |
Per Capita Income | 3.07% | |
Owner Occupied HU | -0.49% |
The table below compares Banks to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2023 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 | # 528 | 16th |
Population Density | # 324 | 48th |
Median Household Income | # 409 | 35th |
Housing Affordability Index | # 128 | 20th |
Per Capita Income | # 551 | 12th |
Diversity Index | # 218 | 65th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.
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