Banks, AL Employment - Median Household Income, Unemployment Rate

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Key findings

The income per capita in Banks is 20% lower than the national average
The median household income in Banks is 27% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Banks is 235% higher than the national average
The poverty level in Banks is 39% higher than the national average

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am i middle class

$27,034 $40,556 $81,112

City

$29,835 $44,758 $89,516

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Banks median earnings by income bracket

Banks employment by industry

Labour Type	Male	Female
Construction industry	0.0%	0.0%
Manufacturing sector	78.1%	78.1%
Financial & insurance services	3.1%	3.1%
Wholesale & retail services	9.4%	9.4%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	0.0%	0.0%
Education, health & social services	0.0%	0.0%
Other	9.4%	9.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Troy, AL	18,995	$34,603	37.5%
Brundidge, AL	2,432	$33,914	38.7%
Ariton, AL	731	$29,762	46.2%
Clio, AL	1,037	$22,378	59.5%
Banks, AL	171	$40,556	26.7%

Cities with similar population

City	Population	Household Income	National Avg.
Silver Springs, AK	171	$110,694	100.1%
Paint Rock, AL	171	$50,500	8.7%
Caulksville, AR	171	$46,250	16.4%
Concord, AR	171	$44,167	20.2%
Elberon, IA	171	$51,250	7.4%
Banks, AL	171	$40,556	26.7%

Source: The Banks, AL employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).

Index	Banks	Alabama	National
Income per capita	$23,895	$24,736	$29,829
Median household income	$40,556	$44,758	$55,322
Median income owner occupied	$50,000	$55,873	$70,586
Median income renter occupied	$30,357	$25,999	$35,192
Median earnings male	$33,750	$34,323	$36,919
Median earnings female	$28,500	$22,614	$26,250
Unemployment rate	15.6%	4.8%	4.7%
Poverty level	21.1%	18.4%	15.1%