71631 Zip Code (Banks, AR) Detailed Profile

Estimated zip code population in 2022: 584
Zip code population in 2010: 673
Zip code population in 2000: 752

Houses and condos: 438
Renter-occupied apartments: 37
March 2022 cost of living index in zip code 71631: 74.8 (low, U.S. average is 100)

Land area: 123.1 sq. mi.
Water area: 0.0 sq. mi.

Population density: 5 people per square mile

(very low).

Real estate property taxes paid for housing units in 2022:
Median real estate property taxes paid for housing units with mortgages in 2022: $568 (0.7%)
Median real estate property taxes paid for housing units with no mortgage in 2022: $362 (0.3%)

For population 25 years and over in 71631:

• High school or higher: 87.4%
• Bachelor's degree or higher: 2.5%
• Graduate or professional degree: 1.8%
• Unemployed: 7.3%
• Mean travel time to work (commute): 26.6 minutes

For population 15 years and over in 71631:

• Never married: 9.4%
• Now married: 53.8%
• Separated: 2.4%
• Widowed: 7.2%
• Divorced: 27.1%

• 
• • 48182.5%White
  • 6210.6%Black
  • 233.9%Hispanic or Latino
  • 172.9%Two or more races

100% rural population.

Averages for the 2020 tax year for zip code 71631, filed in 2021:

Average Adjusted Gross Income (AGI) in 2020: $40,730 (Individual Income Tax Returns)

Here:	$40,730
State:	$64,872

Salary/wage: $34,852 (reported on 91.3% of returns)

Here:	$34,852
State:	$50,644

(% of AGI for various income ranges: 1016.2% for AGIs below $25k, 3906.7% for AGIs $25k-50k, 5370.0% for AGIs $50k-75k, 12755.0% for AGIs $75k-100k)

Taxable interest for individuals: $125 (reported on 17.4% of returns)

This zip code:	$125
Arkansas:	$1,857

(% of AGI for various income ranges: 8.3% for AGIs $25k-50k)

Profit/loss from business: +$3,933 (reported on 13.0% of returns)

Here:	+$3,933
State:	+$9,743

(% of AGI for various income ranges: 147.5% for AGIs below $25k)

Earned income credit: $2,600 (reported on 30.4% of returns)

Here:	$2,600
State:	$2,546

(% of AGI for various income ranges: 127.5% for AGIs below $25k, 133.3% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2020 taxes: 95.7%

Here:	96%
State:	94%

(% for various income ranges: 100.0% for AGIs below $25k, 87.5% for AGIs $25k-50k, 100.0% for AGIs $50k-75k, 100.0% for AGIs $75k-100k)

Averages for the 2012 tax year for zip code 71631, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $36,375 (Individual Income Tax Returns)

Here:	$36,375
State:	$52,148

Salary/wage: $31,213 (reported on 95.8% of returns)

Here:	$31,213
State:	$41,669

(% of AGI for various income ranges: 74.9% for AGIs below $25k, 84.2% for AGIs $25k-50k, 82.1% for AGIs $50k-75k, 86.0% for AGIs $75k-100k)

Taxable interest for individuals: $217 (reported on 25.0% of returns)

This zip code:	$217
Arkansas:	$1,648

(% of AGI for various income ranges: 0.3% for AGIs below $25k, 0.3% for AGIs $50k-75k)

Profit/loss from business: +$3,850 (reported on 8.3% of returns)

Here:	+$3,850
State:	+$9,665

(% of AGI for various income ranges: 4.6% for AGIs below $25k)

Total itemized deductions: $14,167 (28% of AGI, reported on 12.5% of returns)

Here:	$14,167
State:	$23,276

Here:	27.7% of AGI
State:	19.1% of AGI

(% of AGI for various income ranges: 17.1% for AGIs $25k-50k)

Taxes paid: $3,433 (reported on 12.5% of returns)

71631:	$3,433
State:	$7,941

(% of AGI for various income ranges: 4.1% for AGIs $25k-50k)

Earned income credit: $3,057 (reported on 29.2% of returns)

Here:	$3,057
State:	$2,455

(% of AGI for various income ranges: 9.8% for AGIs below $25k, 2.1% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 58.3%

Here:	58%
State:	61%

(% for various income ranges: 45.5% for AGIs below $25k, 71.4% for AGIs $25k-50k, 100.0% for AGIs $50k-75k)

Averages for the 2004 tax year for zip code 71631, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $31,362 (Individual Income Tax Returns)

Here:	$31,362
State:	$39,270

Salary/wage: $28,852 (reported on 86.7% of returns)

Here:	$28,852
State:	$34,079

(% of AGI for various income ranges: 64.4% for AGIs below $10k, 83.4% for AGIs $10k-25k, 86.7% for AGIs $25k-50k, 133.8% for AGIs $50k-75k)

Taxable interest for individuals: $642 (reported on 30.7% of returns)

This zip code:	$642
Arkansas:	$1,904

Profit/loss from business: +$5,923 (reported on 6.0% of returns)

Here:	+$5,923
State:	+$7,823

Total itemized deductions: $11,105 (18% of AGI, reported on 8.7% of returns)

Here:	$11,105
State:	$18,389

Here:	18.4% of AGI
State:	21.0% of AGI

Charity contributions deductions: $3,133 (6% of AGI, reported on 6.9% of returns)

Here:	$3,133
State:	$4,725

Here:	6.2% of AGI
State:	5.1% of AGI

Total tax: $3,222 (reported on 66.1% of returns)

71631:	$3,222
State:	$6,047

(% of AGI for various income ranges: 3.1% for AGIs $10k-25k, 5.7% for AGIs $25k-50k, 9.3% for AGIs $50k-75k, 10.7% for AGIs $75k-100k)

Earned income credit: $2,090 (reported on 30.7% of returns)

Here:	$2,090
State:	$1,909

Percentage of individuals using paid preparers for their 2004 taxes: 65.6%

Here:	66%
State:	67%

(% for various income ranges: 60.0% for AGIs below $10k, 59.5% for AGIs $10k-25k, 72.7% for AGIs $25k-50k, 57.7% for AGIs $50k-75k, 100.0% for AGIs $75k-100k)

Nearest zip codes: 71745, 71671, 71660, 71744, 71651, 71647.
No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 64
Household did not receive Food Stamps/SNAP in the past 12 months: 172

Women who had a birth in the past 12 months: 38 (39 now married, 0 unmarried)
Women who did not have a birth in the past 12 months: 67 (42 now married, 25 unmarried)

Housing units in zip code 71631 with a mortgage: 62
Median monthly owner costs for units with a mortgage: $1,257
Median monthly owner costs for units without a mortgage: $244

Residents with income below the poverty level in 2022:
Residents with income below 50% of the poverty level in 2022:

• Zip code 71631 household income distribution in 2022

• 58$10,000 to $14,999
• 45$15,000 to $19,999
• 3$20,000 to $24,999
• 2$30,000 to $34,999
• 30$40,000 to $44,999
• 11$45,000 to $49,999
• 38$50,000 to $59,999
• 12$60,000 to $74,999
• 9$75,000 to $99,999
• 16$100,000 to $124,999
• 8$125,000 to $149,999
• 4$150,000 to $199,999
• 1$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2022 in zip code 71631

• 13Less than $10,000
• 50$15,000 to $19,999
• 7$35,000 to $39,999
• 45$50,000 to $59,999
• 3$60,000 to $69,999
• 19$80,000 to $89,999
• 10$90,000 to $99,999
• 2$125,000 to $149,999
• 7$150,000 to $174,999
• 17$200,000 to $249,999
• 6$250,000 to $299,999

• Rent paid by renters in 2022 in zip code 71631

• 8$450 to $499
• 27No cash rent

Estimated median house (or condo) value in 2022 for:

• White Non-Hispanic householders: $43,571
• Black or African American householders: $49,107

Estimated median house or condo value in 2022: $60,893

Mean price in 2022:

Detached houses: $101,783

Here:	$101,783
State:	$243,881

Mobile homes: $32,434

Here:	$32,434
State:	$79,566

Housing units in structures:

• One, detached: 330
• Mobile homes: 104

Unemployment: 7.3%

• Means of transportation to work in zip code 71631

• 80.6%102Drove a car alone
• 8.7%11Carpooled
• 5.5%7Walked
• 2.4%3Other means

• Travel time to work (commute) in zip code 71631

• 6Less than 5 minutes
• 710 to 14 minutes
• 815 to 19 minutes
• 3520 to 24 minutes
• 425 to 29 minutes
• 3130 to 34 minutes
• 740 to 44 minutes
• 1645 to 59 minutes
• 260 to 89 minutes

Percentage of zip code residents living and working in this county: 54.0%

Household type by relationship:

Households: 584

• Male householders: 166 (88 living alone), Female householders: 73 (31 living alone)

• 93 spouses (93 opposite-sex spouses), 5 unmarried partners, (5 opposite-sex unmarried partners), 85 children (59 natural, 0 adopted, 28 stepchildren), 55 grandchildren, 4 brothers or sisters, 76 parents, 0 foster children, 30 other relatives, 8 non-relatives

Size of family households: 52 2-persons, 11 3-persons, 26 4-persons, 1 5-persons, 33 6-persons

Size of nonfamily households: 118 1-person, 2 4-persons

29 married couples with children.
32 single-parent households (20 men, 12 women).

96.7% of residents of 71631 zip code speak English at home.
3.5% of residents speak Spanish at home (100% very well).

Facilities with environmental interests located in this zip code:

• JEFF'S ONE STOP (119 BUCK FEVER HWY in BANKS, AR)

  (Integrated Compliance Information System) - ICIS-06-2003-5306, FORMAL ENFORCEMENT ACTION
  

• BANKS, CITY OF (SOUTH END OF 9TH STREET in BANKS, AR)

  National Pollutant Discharge Elimination System NON-MAJOR (Tracking pollutant discharge elimination systems) - permit
  Business SIC classification: SEWERAGE SYSTEMS
  

Housing units lacking complete plumbing facilities: 24.7%
Housing units lacking complete kitchen facilities: 14.0%

Population in 1990: 514. Population change in the 1990s: +238 (+46.3%).

Place of birth for U.S.-born residents:

• This state: 455
• Midwest: 5
• South: 90
• West: 19

72% of the 71631 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 62% lived in this county.
   Out of people who lived in different counties, 50% lived in Arkansas.

100% of the 71631 zip code residents lived in the same house 1 year ago.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school):
Students in private schools in grades 9 to 12 (high school):

Top industries in this zip code by the number of employees in 2005:

Most common first names in zip code 71631 among deceased individuals
Name	Count	Lived (average)
James	13	69.2 years
John	12	70.9 years
Mary	6	76.7 years
George	5	80.4 years
Mattie	5	79.2 years
Robert	5	73.2 years
William	5	74.4 years
David	4	78.8 years
Earl	4	70.5 years
Charles	4	76.0 years

Most common last names in zip code 71631 among deceased individuals
Last name	Count	Lived (average)
Childs	25	75.3 years
Davis	23	74.1 years
Wolfe	13	76.0 years
Johnson	12	75.6 years
Hooks	7	68.3 years
Boswell	7	80.0 years
Mcmurry	7	79.7 years
Williams	7	82.0 years
Tatum	7	78.9 years
Pickett	6	79.8 years