Living in Banks, Oregon
Cost of living, income, home prices, rent and demographics of Banks · Census data 2020–2024
Banks has 2,156 residents with a median age of 34.3. The median household income is $86,087 (4% higher than the Oregon median), the median home value is $446,800, the median rent is $1,740/month.
Banks at a glance
- Population
- 2,156
- Median age
- 34.3State: 40.4
- Median household income
- $86,087State: $83,011
- Median home value
- $446,800State: $477,600
- Median rent
- $1,740/moState: $1,525
- Homeowners
- 72.6%
- Bachelor's degree or higher
- 35.3%
- Average commute
- 26 min
Is Banks a good place to live?
Pros: Median household income 4% higher than the Oregon median; home values 6% lower than the state median; a poverty rate of 9.3%.
Cons: An average commute of 26 minutes; unemployment of 8.2%.
The weather is best in June to September.
Cost of living in Banks
Housing is the biggest part of the cost of living. In Banks the median home value is $446,800, 34% higher than the U.S. median. Renters pay a median of $1,740 per month, which is 32.2% of household income. Homeowners with a mortgage pay $2,254 a month in housing costs.
Banks median household income
The median household income in Banks is $86,087 and the income per person is $43,271. 9.3% of residents live below the poverty line (Oregon: 11.9%).
Housing in Banks: homes for sale and rent
- Housing units
- 852
- Owner-occupied
- 72.6%
- Renter-occupied
- 27.4%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.56
Banks demographics
- Population
- 2,156
- Median age
- 34.3
- Under 18
- 29.2%
- 65 and older
- 6.2%
- Households
- 842
- Foreign-born
- 8.8%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Banks ›
Education in Banks
35.3% of adults 25 and older in Banks have a bachelor's degree or higher (Oregon: 36.8%), and 15.8% have a graduate or professional degree.
Jobs and commute in Banks
- Unemployment rate
- 8.2%State: 5.4%
- Average commute
- 26 minState: 23 min
- Work from home
- 14.2%
- Drive alone
- 76.7%
- Public transit
- 2.7%
- Walk to work
- 1.1%
- Homes with broadband
- 97.3%
Banks vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Banks | 2,156 | $86,087 | $446,800 | $1,740 |
| North Plains | 3,433 | $117,639 | $587,500 | $1,557 |
| Forest Grove | 26,529 | $87,933 | $479,600 | $1,460 |
| Cornelius | 14,255 | $96,273 | $452,900 | $1,573 |
| Dilley | 200 | $250,001 | $753,600 | — |
| Hillsboro | 108,231 | $106,409 | $521,100 | $1,978 |
| Rockcreek | 9,223 | $107,101 | $653,300 | $1,689 |
| Gaston | 605 | $125,625 | $466,400 | $1,563 |
| Cherry Grove | 335 | $59,922 | $398,800 | — |
More for people moving to Banks
Banks ZIP code ›Weather and climate ›Living in Banks: FAQ
What is the median household income in Banks, OR?
The median household income in Banks is $86,087, 4% higher than the Oregon median of $83,011 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Banks?
The median home value in Banks is $446,800, compared with $477,600 in Oregon.
How much is rent in Banks?
The median gross rent in Banks is $1,740 per month, about 32.2% of household income.
Is Banks, OR a good place to live?
Pluses: median household income 4% higher than the Oregon median; home values 6% lower than the state median; a poverty rate of 9.3%. Minuses: an average commute of 26 minutes; unemployment of 8.2%.
What is the median age in Banks?
The median age in Banks is 34.3 years (Oregon: 40.4).
How long is the commute in Banks?
The average commute to work in Banks is 26 minutes; 14.2% of workers work from home.
What is the unemployment rate in Banks?
The unemployment rate in Banks is 8.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Banks?
35.3% of adults in Banks have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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