Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The zip code 36005 in Banks, Alabama, is classified as a "White Majority" community with moderate diversity as of 2022. The white population comprises 62% of the total, while the Black population represents 31%. The area has experienced demographic and economic fluctuations over the past decade.
From 2013 to 2022, the community has maintained its "White Majority" status. The white population percentage has remained relatively stable, ranging from 55% to 64%. The Black population has shown more variability, ranging from 26% to 40%. There has been a gradual increase in diversity, with Asian residents reaching 3% by 2022 and a growing multi-racial population up to 6% in some years.
The median income has shown significant volatility over the past decade. There was a sharp decline from $38,893 in 2013 to $29,832 in 2014. A gradual recovery followed, reaching a peak of $52,227 in 2019. Recent years have seen a slight decline, stabilizing around $47,000 in 2022.
The economic fluctuations correlate with demographic shifts. The period of lowest income (2014-2016) coincided with the highest percentage of Black residents (37-40%). As the community became more diverse with the introduction of Asian residents and an increase in multi-racial individuals, the median income also rose.
Population trends have been volatile, ranging from a low of 1,589 in 2019 to a high of 2,190 in 2014. The recent uptick in population (2,027 in 2022) coupled with a stabilizing median income might indicate a period of renewed growth and potentially increasing diversity.
These trends align with broader national patterns of increasing diversity in suburban and rural areas. The economic volatility may reflect larger economic challenges faced by small towns in Alabama and across the United States, particularly in the aftermath of the 2008 financial crisis and during the COVID-19 pandemic.
The gradual increase in diversity, particularly the growth in Asian and multi-racial populations, mirrors national trends of diversification beyond traditional Black-white demographics in the American South. However, the persistence of a clear white majority distinguishes this community from rapidly diversifying urban areas across the country.
Zip code 36005 remains a "White Majority" community but shows signs of being a "Transitional Community" with slow but steady diversification and economic recovery. These changes likely bring both opportunities and challenges as the community adapts to an evolving demographic and economic landscape.