Living in Banks, Pennsylvania
Cost of living, income, home prices, rent and demographics of Banks · Census data 2020–2024
Banks has 1,040 residents with a median age of 53.4. The median household income is $63,875 (18% lower than the Pennsylvania median), the median home value is $119,700, the median rent is $1,444/month.
Banks is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Banks at a glance
- Population
- 1,040
- Median age
- 53.4State: 40.9
- Median household income
- $63,875State: $77,971
- Median home value
- $119,700State: $254,500
- Median rent
- $1,444/moState: $1,209
- Homeowners
- 84.9%
- Bachelor's degree or higher
- 8%
- Average commute
- 19 min
Is Banks a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 19 minutes; a poverty rate of 10.3%.
Cons: Median household income 18% lower than the Pennsylvania median; unemployment of 13.8%.
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 $119,700, 64% lower than the U.S. median. Renters pay a median of $1,444 per month, which is 19.2% of household income. Homeowners with a mortgage pay $1,204 a month in housing costs.
Banks median household income
The median household income in Banks is $63,875 and the income per person is $30,240. 10.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Banks: homes for sale and rent
- Housing units
- 526
- Owner-occupied
- 84.9%
- Renter-occupied
- 15.1%
- Vacant
- 23.4%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.58
Banks demographics
- Population
- 1,040
- Median age
- 53.4
- Under 18
- 15.2%
- 65 and older
- 20.6%
- Households
- 403
- Foreign-born
- 2.9%
- Veterans
- 8.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Banks ›
Education in Banks
8% of adults 25 and older in Banks have a bachelor's degree or higher (Pennsylvania: 35.2%), and 2% have a graduate or professional degree.
Jobs and commute in Banks
- Unemployment rate
- 13.8%State: 5.3%
- Average commute
- 19 minState: 26 min
- Work from home
- 1.6%
- Drive alone
- 84.6%
- Public transit
- 0%
- Walk to work
- 6.3%
- Homes with broadband
- 75.9%
Banks vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Banks | 1,040 | $63,875 | $119,700 | $1,444 |
| Beaver Meadows | 730 | $52,768 | $133,700 | $1,238 |
| Tresckow | 696 | $87,813 | $158,000 | $1,449 |
| Packer | 829 | $77,981 | $239,500 | $1,063 |
| Hazleton | 30,111 | $46,177 | $151,600 | $1,089 |
| McAdoo | 2,501 | $45,753 | $90,000 | $986 |
| Jeddo | 158 | $65,903 | $125,700 | — |
| Harleigh | 1,389 | $130,329 | $342,000 | — |
| Kelayres | 413 | $49,539 | $118,000 | $821 |
More for people moving to Banks
Banks ZIP code ›Weather and climate ›Living in Banks: FAQ
What is the median household income in Banks, PA?
The median household income in Banks is $63,875, 18% lower than the Pennsylvania median of $77,971 (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 $119,700, compared with $254,500 in Pennsylvania.
How much is rent in Banks?
The median gross rent in Banks is $1,444 per month, about 19.2% of household income.
Is Banks, PA a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 19 minutes; a poverty rate of 10.3%. Minuses: median household income 18% lower than the Pennsylvania median; unemployment of 13.8%.
What is the median age in Banks?
The median age in Banks is 53.4 years (Pennsylvania: 40.9).
How long is the commute in Banks?
The average commute to work in Banks is 19 minutes; 1.6% of workers work from home.
What is the unemployment rate in Banks?
The unemployment rate in Banks is 13.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Banks?
8% 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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