Banks employment information

IndexBanksAlabamaNational
Income per capita$16,243$24,736$29,829
Median household income$27,000$44,758$55,322
Median income owner occupied$50,625$55,873$70,586
Median income renter occupied$21,667$25,999$35,192
Median earnings male$33,750$34,323$36,919
Median earnings female$16,607$22,614$26,250
Unemployment rate0.0%4.8%4.7%
Poverty level39.5%18.4%15.1%
The Banks, AL employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Banks is $16,243, which is 34% lower than than the Alabama average and 46% lower than than the national average. The median household income is $27,000, which is 40% lower than than the Alabama average and 51% lower than than the national average. The unemployment rate in Banks is 0%, which is 100% lower than than the national average. The poverty rate in Banks is 39% which is 161% higher than than the national average.

am i middle class

$Input your household income
$17,998$27,000$54,000
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.

Did you know?

  • The income per capita in Banks is 46% lower than the national average.
  • The median household income in Banks is 51% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Banks is 100% lower than the national average.
  • The poverty level in Banks is 161% higher than the national average.

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Compare Banks, AL Employment To Other Cities

Employment status

Hours worked per week

Banks median earnings by income bracket

Banks employment by industry

Labour TypeMaleFemale
Construction industry9.1%0.0%
Manufacturing sector13.6%7.1%
Financial & insurance services9.1%0.0%
Wholesale & retail services18.2%9.5%
Public administration0.0%26.2%
Transportation, warehousing & utilities18.2%2.4%
Education, health & social services0.0%23.8%
Other31.8%35.7%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Ariton, AL772$30,83344%
Troy, AL18,944$28,14849%
Brundidge, AL2,256$24,16756%
Clio, AL1,006$20,88762%
Banks, AL119$27,00051%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
North Hartland, VT119$51,8756%
Alamillo, NM119$61,59111%
Carlos, MD119$44,14820%
Grass Range, MT119$27,50050%
Northwest Stanwood, WA119$0100%
Banks, AL119$27,00051%
Source: The Banks, AL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).