Banks Springs is a small town of 1,485 in Louisiana, with a median household income of $24,656
and a 19.1% unemployment rate.
Its cost of living index is 77 (US average = 100), which is
23% below the national average.
Strengths:
Banks Springs stands out for an affordable cost of living, below-average home prices, solid school ratings (B+).
Trade-offs:
Potential downsides include an elevated unemployment rate. Whether Banks Springs is right for you depends on your priorities — the full breakdown is below.
All Banks Springs city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 77.2
Banks Springs's overall cost of living index is 77.2,
where 100 represents the US national average.
Living in Banks Springs costs roughly 23% less than the average American city.
Metric
Banks Springs, LA
National Avg
Median Home Value
$52,900
$244,900
Median Monthly Rent
$380
$1,163
Homeownership Rate
43.1%
65.9%
Median Household Income
$24,656
$74,755
Crime & Safety
Higher than Average
Banks Springs's violent crime rate is 806.6 per 100,000 residents
— 112% higher than the national average of ~380 per 100,000.
Violent Crime
806.6 /100k
Property Crime
927.6 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Banks Springs is served primarily by Caldwell Parish.
The student-to-teacher ratio is 10.7:1
(better than the national average of ~16:1).
Metric
Banks Springs, LA
National Avg
School District
Caldwell Parish
—
Elementary Schools
3
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
10.7:1
16:1
Bachelor's Degree or Higher
5.1%
35.4%
High School Diploma or Higher
72.4%
91.1%
Weather & Climate
Banks Springs sees average highs of 56.9°F in January
and 92.8°F in July,
with 59.3 inches of annual precipitation
and 0.3 inches of snow per year.
Banks Springs's cost of living index is 77, where 100 is the national average.
That makes Banks Springs roughly 23% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $52,900 and median rent is $380/month.
Banks Springs's violent crime rate is 806.6 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 927.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Banks Springs are operated by Caldwell Parish.
The district has 3 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 10.7:1. 5.1% of adults 25+ hold a bachelor's degree or higher.
Banks Springs, LA has a population of 1,485, a median household income of $24,656, and an unemployment rate of 19.1%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. 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 Springs averages 56.9°F in January and 92.8°F in July. Annual rainfall is 59.3 inches
with about 0.3 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Banks Springs, LA is covered by 1 ZIP code: 71418.
The population of Banks Springs, Louisiana is 1,485 with a median age of 30.1. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Banks Springs: cost of living index 77 (100 = US average), median home $52,900, median household income $24,656, crime index 145 (100 = US average, lower is safer), schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Banks Springs side by side with your current city to see the trade-offs.