The median household income in Banks, AL in 2022 was $46,300, which was 28.9% less than the median annual income of $59,674 across the entire state of Alabama. Compared to the median income of $21,719 in 2000 this represents an increase of 53.1%. The per capita income in 2022 was $26,900, which means an increase of 42.0% compared to 2000 when it was $15,601.
Whole page based on the data from 2000 / 2022 when the population of Banks, Alabama was 224 / 305
Income statistics for all residents
Median household income in Banks, AL in 2022:
Banks:
$46,300
Alabama:
$59,674
Change in median household income between 2000 and 2022:
Banks, Alabama:
+113.2%
State:
+74.8%
Number of households with income < $10k:
Banks:
10.1% (11)
State:
7.6% (152,705)
Number of households with income $10k - 20k:
Banks:
15.6% (17)
State:
9.8% (197,409)
Number of households with income $20k - 30k:
Banks:
6.4% (7)
Alabama:
9.1% (183,727)
Number of households with income $30k - 40k:
Banks:
12.8% (14)
Alabama:
8.1% (164,262)
Number of households with income $40k - 50k:
Banks:
12.8% (14)
Alabama:
8.1% (163,755)
Number of households with income $50k - 60k:
Banks:
12.8% (14)
Alabama:
7.5% (151,424)
Number of households with income $60k - 75k:
Banks:
3.7% (4)
State:
9.2% (185,971)
Number of households with income $75k - 100k:
Banks:
10.1% (11)
State:
12.6% (253,313)
Number of households with income $100k - 125k:
Banks:
11.9% (13)
State:
9.1% (184,314)
Number of households with income $125k - 150k:
Banks:
0.0% (0)
State:
5.7% (115,397)
Number of households with income $150k - 200k:
Banks:
3.7% (4)
State:
6.4% (129,875)
Number of households with income > $200k:
Banks:
0.0% (0)
State:
6.7% (134,296)
Aggregate household income in Banks in 2022: $5,775,567
Median family income in Banks in 2022:
Banks:
$48,629
State:
$77,668
Number of families with income $10k - 20k:
Banks:
3.9% (2)
Alabama:
5.5% (72,559)
Number of families with income $20k - 30k:
Banks:
10.2% (5)
Alabama:
6.9% (89,939)
Number of families with income $30k - 40k:
Banks:
17.6% (9)
State:
6.8% (88,598)
Number of families with income $40k - 50k:
Banks:
21.1% (11)
State:
7.4% (96,539)
Number of families with income $60k - 75k:
Banks:
4.2% (2)
State:
10.1% (132,858)
Number of families with income $75k - 100k:
Banks:
8.3% (4)
State:
14.4% (189,114)
Number of families with income $100k - 125k:
Banks:
26.7% (13)
State:
11.8% (154,222)
Number of families with income $150k - 200k:
Banks:
7.9% (4)
State:
8.7% (113,549)
Median income for 2 person families:
Banks:
$48,747
State:
$69,556
Median per capita income in Banks in 2022:
Banks:
$26,901
Alabama:
$33,777
Change in median per capita income between 2000 and 2022:
Banks, Alabama:
+72.4%
State:
+85.7%
Income statistics for White residents
Median household income in Banks, AL in 2022:
Banks:
$48,133
Alabama:
$68,168
Change in median household income between 2000 and 2022:
Banks, Alabama:
+86.3%
State:
+76.9%
Number of households with income < $10k:
Banks:
0.0% (0)
Alabama:
6.0% (81,374)
Number of households with income $10k - 20k:
Banks:
20.8% (10)
Alabama:
7.7% (103,935)
Number of households with income $20k - 30k:
Banks:
4.2% (2)
State:
7.9% (106,652)
Number of households with income $30k - 40k:
Banks:
0.0% (0)
State:
7.6% (101,967)
Number of households with income $40k - 50k:
Banks:
29.2% (14)
State:
7.6% (101,782)
Number of households with income $50k - 60k:
Banks:
2.1% (1)
State:
7.7% (104,223)
Number of households with income $60k - 75k:
Banks:
8.3% (4)
State:
9.2% (124,640)
Number of households with income $75k - 100k:
Banks:
20.8% (10)
State:
13.5% (182,175)
Number of households with income $100k - 125k:
Banks:
6.2% (3)
Alabama:
10.4% (140,351)
Number of households with income $125k - 150k:
Banks:
0.0% (0)
Alabama:
6.7% (89,912)
Number of households with income $150k - 200k:
Banks:
8.3% (4)
Alabama:
7.5% (101,623)
Number of households with income > $200k:
Banks:
0.0% (0)
State:
8.1% (109,449)
Aggregate household income in Banks in 2022: $3,080,052
Median family income in Banks in 2022:
Banks:
$66,197
Alabama:
$87,431
Number of families with income $40k - 50k:
Banks:
44.6% (11)
State:
6.7% (60,599)
Number of families with income $60k - 75k:
Banks:
8.6% (2)
Alabama:
10.0% (89,817)
Number of families with income $75k - 100k:
Banks:
17.0% (4)
State:
15.3% (138,117)
Number of families with income $100k - 125k:
Banks:
13.8% (3)
State:
13.2% (119,120)
Number of families with income $150k - 200k:
Banks:
16.1% (4)
State:
9.9% (89,633)
Median per capita income in Banks in 2022:
Banks:
$34,146
Alabama:
$38,538
Change in median per capita income between 2000 and 2022:
Banks, Alabama:
+110.9%
State:
+85.7%
Income statistics for Black or African American residents
Median household income in Banks, AL in 2022:
Banks:
$33,844
State:
$40,774
Change in median household income between 2000 and 2022:
Banks, Alabama:
+103.1%
State:
+87.2%
Number of households with income < $10k:
Banks:
19.0% (11)
State:
11.6% (61,525)
Number of households with income $10k - 20k:
Banks:
12.1% (7)
State:
15.7% (83,337)
Number of households with income $20k - 30k:
Banks:
8.6% (5)
State:
12.1% (64,285)
Number of households with income $30k - 40k:
Banks:
22.4% (13)
Alabama:
9.5% (50,471)
Number of households with income $40k - 50k:
Banks:
0.0% (0)
State:
9.3% (49,396)
Number of households with income $50k - 60k:
Banks:
20.7% (12)
State:
7.1% (37,794)
Number of households with income $60k - 75k:
Banks:
0.0% (0)
Alabama:
8.8% (46,635)
Number of households with income $75k - 100k:
Banks:
0.0% (0)
Alabama:
10.2% (54,232)
Number of households with income $100k - 125k:
Banks:
17.2% (10)
Alabama:
5.7% (30,295)
Number of households with income $125k - 150k:
Banks:
0.0% (0)
Alabama:
3.3% (17,334)
Number of households with income $150k - 200k:
Banks:
0.0% (0)
State:
3.6% (18,943)
Number of households with income > $200k:
Banks:
0.0% (0)
State:
2.8% (14,974)
Aggregate household income in Banks in 2022: $2,690,186
Median per capita income in Banks in 2022:
Banks:
$20,253
State:
$24,808
Change in median per capita income between 2000 and 2022:
Banks, Alabama:
+66.0%
State:
+112.7%
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