Median Income
$46,250
household / year
Median Home Value
N/A
owner-occupied
Median Rent
$911
gross / month
Cost of Living
N/A
national avg = 100

Is Banks, AL a Good Place to Live?

Banks is a small town of 302 in Alabama, with a median household income of $46,250 and a 15.6% unemployment rate.

Strengths: Banks stands out for solid school ratings (B-), short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Banks is right for you depends on your priorities — the full breakdown is below.

All Banks city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Cost of living data is based on the Bureau of Economic Analysis Regional Price Parities for the Banks metro area.

Metric Banks, AL National Avg
Median Home Value N/A $244,900
Median Monthly Rent $911 $1,163
Homeownership Rate 76.0% 65.9%
Median Household Income $46,250 $74,755

Crime & Safety

Near National Average

Banks's violent crime rate is 365.4 per 100,000 residents — 4% lower than the national average of ~380 per 100,000.

Violent Crime
365.4 /100k
Property Crime
2304.2 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Banks is served primarily by Pike County. The student-to-teacher ratio is 16.1:1 (slightly above the national average of ~16:1).

Metric Banks, AL National Avg
School District Pike County —
Elementary Schools 3 —
Middle Schools N/A —
High Schools 4 —
Student/Teacher Ratio 16.1:1 16:1
Bachelor's Degree or Higher 23.3% 35.4%
High School Diploma or Higher 81.3% 91.1%

Weather & Climate

Banks sees average highs of 58.1°F in January and 90.6°F in July, with 57.9 inches of annual precipitation .

MetricBanks, AL
Average High — January58.1°F
Average High — July90.6°F
Annual Precipitation57.9"
Annual SnowfallTrace / None

Demographics

MetricBanks, ALNational Avg
Population302—
Median Age30.738.9
Unemployment Rate15.6%3.7%
Avg Commute Time24.3 min26 min
White (non-Hispanic)50.0%59.3%
Black or African American50.0%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1818.9%22.2%
65 and over11.9%16.8%

Nearby Cities

ZIP Codes in Banks

Banks, AL is covered by 1 ZIP code:

Banks vs Other Cities

Frequently Asked Questions

Banks has a median home value of N/A and median rent of $911/month against a median household income of $46,250.
Banks's violent crime rate is 365.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2304.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Banks are operated by Pike County. The district has 3 elementary, several middle, and 4 high schools. The student-to-teacher ratio is 16.1:1. 23.3% of adults 25+ hold a bachelor's degree or higher.
Banks, AL has a population of 302, a median household income of $46,250, and an unemployment rate of 15.6%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Banks averages 58.1°F in January and 90.6°F in July. Annual rainfall is 57.9 inches . Based on NOAA 30-year climate normals (1991–2020).
Banks, AL is covered by 1 ZIP code: 36005.
The population of Banks, Alabama is 302 with a median age of 30.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Banks: median home N/A, median household income $46,250, crime index 102 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Banks side by side with your current city to see the trade-offs.