Banks is a very small city located in the state of Oregon. With a population of 1,807 people and two associated neighborhoods, Banks is the 160th largest community in Oregon. Housing costs in Banks are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Oregon.Unlike some cities, Banks isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Banks are a mix 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 (13.07%), sales jobs (12.89%), and management occupations (11.55%). A relatively large number of people in Banks telecommute to their jobs. Overall, about 11.84% 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. Even though Banks is a smaller city, it has many people who hop on public transportation – mostly a streetcar for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.In terms of college education, Banks is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 33.49% of adults in Banks have a college degree. The per capita income in Banks in 2022 was $41,526, which is upper middle income relative to Oregon and the nation. This equates to an annual income of $166,104 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 12.09% of the city’s residents. Important ancestries of people in Banks include English, Irish, German, Dutch, and European. The most common language spoken in Banks is English. Other important languages spoken here include Spanish and Polish.
