Banks is a very small city located in the state of Oregon. With a population of 1,814 people and two associated neighborhoods, Banks is the 160th largest community in Oregon. Banks home prices are not only among the most expensive in Oregon, but Banks real estate also consistently ranks among the most expensive in America.Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Banks is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Banks is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Banks who work in teaching (13.13%), sales jobs (11.96%), and management occupations (11.25%). A relatively large number of people in Banks telecommute to their jobs. Overall, about 9.76% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. The population of Banks is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 35.88% of adults in Banks have a bachelor's degree or even advanced degree. The per capita income in Banks in 2022 was $40,991, which is wealthy relative to Oregon, and upper middle income relative to the rest of the US. This equates to an annual income of $163,964 for a family of four. However, Banks contains both very wealthy and poor people as well. Banks is a very ethnically-diverse city. The people who call Banks home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Banks residents report their race to be White, followed by Asian. Banks also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.31% of the city’s residents. Important ancestries of people in Banks include Irish, English, German, Swedish, and Norwegian. The most common language spoken in Banks is English. Other important languages spoken here include Spanish and Polish.
