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Banks, AL

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Banks is a tiny town located in the state of Alabama. With a population of 154 people and just one neighborhood, Banks is the 393rd largest community in Alabama.

Occupations and Workforce

Because occupations involving physical labor dominate the local economy, Banks is generally considered to be a blue-collar town. 40.13% of the Banks workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Banks is a town of construction workers and builders, sales and office workers, and professionals. There are especially a lot of people living in Banks who work in office and administrative support (16.45%), food service (9.87%), and teaching (9.21%).

Setting & Lifestyle

Overall, Banks’s crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern.

The town is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Banks has relatively fewer families with younger children, and/or college students. Combined, this makes Banks a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.

Banks is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Demographics

The citizens of Banks are slightly better educated than the national average of 21.84% for all cities and towns, with 23.30% of adults in Banks having a bachelor's degree or advanced degree.

The per capita income in Banks in 2022 was $26,556, which is middle income relative to Alabama, and lower middle income relative to the rest of the US. This equates to an annual income of $106,224 for a family of four. However, Banks contains both very wealthy and poor people as well.

Banks is an extremely ethnically-diverse town. The people who call Banks home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Banks residents report their race to be Black or African-American, followed by White. Important ancestries of people in Banks include Scots-Irish, Scottish, English, Yugoslavian, and Other West Indian.

The most common language spoken in Banks is English. Other important languages spoken here include French and African languages.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 96.6% of all neighborhoods in America, with 34.9% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

In addition, this neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 16 people per square mile living here, this neighborhood is less crowded than 95.6% of America.

Occupations

More people work in manufacturing and as laborers here in the neighborhood than in 96.1% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

People

The neighborhood stands out within Alabama for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.5% of college-friendly places to live in AL.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Banks are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.3% of U.S. neighborhoods. With 37.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.7% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the neighborhood, 43.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.0%), and 14.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 95.9% of households.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the neighborhood in Banks, AL, residents most commonly identify their ethnicity or ancestry as English (10.5%). There are also a number of people of Irish ancestry (5.1%), and residents who report German roots (2.9%), and some of the residents are also of Asian ancestry (2.5%), along with some Norwegian ancestry residents (2.3%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (53.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
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Educational Expenditures

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