What are the schools like in Banks, AR?

School district data for Banks is sourced from the National Center for Education Statistics (NCES).

What is the median household income in Banks?

The median household income in Banks, AR is $48,750 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 14.5%.

What is the weather like in Banks, AR?

Banks has an average high temperature of 52.4°F in January and 91.0°F in July. Annual precipitation averages 57.8 inches and annual snowfall averages 1.5 inches.

Banks, AR Cost of Living, Crime & Is It a Good Place to Live? (2026)

Q: What is the crime rate in Banks, AR?

Banks has a violent crime rate of 120.8 incidents per 100,000 residents and a property crime rate of 529.6 per 100,000. The national average violent crime rate is approximately 380 per 100,000.

Is Banks, AR a Good Place to Live?

Banks is a small town of 183 in Arkansas, with a median household income of $48,750 and a 14.5% unemployment rate.

Strengths: Banks stands out for below-average home prices.

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, AR	National Avg
Median Home Value	$81,700	$244,900
Median Monthly Rent	N/A	$1,163
Homeownership Rate	100.0%	65.9%
Median Household Income	$48,750	$74,755

Crime & Safety

Very Safe

Banks's violent crime rate is 120.8 per 100,000 residents — 68% lower than the national average of ~380 per 100,000.

Violent Crime

120.8 /100k

Property Crime

529.6 /100k

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

Schools & Education

Metric	Banks, AR	National Avg
School District	N/A	—
Elementary Schools	N/A	—
Middle Schools	N/A	—
High Schools	N/A	—
Student/Teacher Ratio	N/A	16:1
Bachelor's Degree or Higher	8.6%	35.4%
High School Diploma or Higher	94.8%	91.1%

Weather & Climate

Banks sees average highs of 52.4°F in January and 91.0°F in July, with 57.8 inches of annual precipitation and 1.5 inches of snow per year.

Metric	Banks, AR
Average High — January	52.4°F
Average High — July	91.0°F
Annual Precipitation	57.8"
Annual Snowfall	1.5"

Demographics

Metric	Banks, AR	National Avg
Population	183	—
Median Age	29.8	38.9
Unemployment Rate	14.5%	3.7%
Avg Commute Time	28.5 min	26 min
White (non-Hispanic)	88.5%	59.3%
Black or African American	9.3%	13.6%
Hispanic or Latino	0.0%	18.9%
Asian	0.0%	6.3%
Under 18	28.4%	22.2%
65 and over	10.9%	16.8%

Nearby Cities

Tinsman, AR 6 mi Harrell, AR 9 mi Hermitage, AR 10 mi Warren, AR 12 mi Hampton, AR 12 mi

ZIP Codes in Banks

Banks, AR is covered by 1 ZIP code:

71631

Banks vs Other Cities

Banks, AR vs Tinsman, AR Banks, AR vs Harrell, AR Banks, AR vs Hermitage, AR Banks, AR vs Warren, AR Banks, AR vs Hampton, AR

Frequently Asked Questions

Is Banks, AR affordable or expensive?

Banks has a median home value of $81,700 and median rent of N/A/month against a median household income of $48,750.

What is the crime rate in Banks, AR?

Banks's violent crime rate is 120.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 529.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.

What are the schools like in Banks?

School district information is sourced from NCES Common Core of Data.

Is Banks, AR a good place to live?

Banks, AR has a population of 183, a median household income of $48,750, and an unemployment rate of 14.5%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.

What is the weather like in Banks?

Banks averages 52.4°F in January and 91.0°F in July. Annual rainfall is 57.8 inches with about 1.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What ZIP codes are in Banks?

Banks, AR is covered by 1 ZIP code: 71631.

What is the population of Banks?

The population of Banks, Arkansas is 183 with a median age of 29.8. Source: US Census ACS 5-Year Estimates.

What are the pros and cons of living in Banks?

Key numbers for living in Banks: median home $81,700, median household income $48,750, crime index 29 (100 = US average, lower is safer). 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.