Banks Lake South, Washington Median Income

Banks Lake South, Washington has a population of 611, with a median household income of $54,118.

Current median income data for Banks Lake South.

$54,118

👥

Population

611

💰

Median Income

$54,118

📉

Unemployment

4.70%

🏠

Housing Price

$252,600

🚨

Crime Rate

5.60

🌐

Internet Speed

88.70 Mbps

Banks Lake South is a small local community located in Washington. The city has a population that is below the average city population in Washington, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Washington, Banks Lake South provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Banks Lake South has a population of 611, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Banks Lake South is $54,118, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Banks Lake South is about $252,600, making it relatively affordable compared to many cities in Washington.

Employment and Safety

The unemployment rate in Banks Lake South is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Banks Lake South are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Washington, Banks Lake South shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Banks Lake South offers a balanced mix of economic conditions, population trends, and housing opportunities within Washington.

Frequently Asked Questions about Banks Lake South

What is the population of Banks Lake South?

The population of Banks Lake South is approximately 611.

Is Banks Lake South a good place to live?

Banks Lake South offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Banks Lake South?

The median household income in Banks Lake South is around $54,118.

How expensive is housing in Banks Lake South?

The average housing price in Banks Lake South is approximately $252,600.