Banks township is located in Antrim County Michigan. Banks township has a 2024 population of 1,660. Banks township is currently growing at a rate of 0.55% annually and its population has increased by 4.47% since the most recent census, which recorded a population of 1,589 in 2020.
The average household income in Banks township is $84,036 with a poverty rate of 1.95%. The median age in Banks township is 49.7 years: 49.8 years for males, and 49.5 years for females.
According to the most recent ACS, the racial composition of Banks township was:
Race | Population | Percentage (of total) |
|---|---|---|
| White | 1,303 | 93.94% |
| Two or more races | 56 | 4.04% |
| Black or African American | 13 | 0.94% |
| Native American | 9 | 0.65% |
| Other race | 4 | 0.29% |
| Asian | 2 | 0.14% |
| Native Hawaiian or Pacific Islander | 0 | 0% |
White
Two or more races
Black or African American
Native American
Other race
Asian
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 620 | 2.18 | 89.4 | 10.6 |
| Married | 341 | 2.8 | 93.8 | 6.2 |
| Non Family | 204 | 1.2 | 84.8 | 15.2 |
| Male | 46 | 2.11 | 78.3 | 21.7 |
| Female | 29 | 2 | 86.2 | 13.8 |
2.62
Average Family Size
2.18
Average Household Size
89.4%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 33 | 3.26% |
| Associates Degree | 137 | 13.52% |
| Bachelors Degree | 191 | 18.85% |
| Graduate Degree | 75 | 7.4% |
| High School Graduate | 332 | 32.77% |
| Less Than 9th Grade | 48 | 4.74% |
| Some College | 197 | 19.45% |
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 945 | 867 | 258 |
| 2+ Races | 49 | 46 | 2 |
| Hispanic | 30 | 30 | 1 |
| Native American | 9 | 9 | 2 |
| Black | 5 | 5 | 3 |
| Other Race | 4 | 4 | 0 |
The highest rate of high school graduation is among black people with a rate of 100%.
The highest rate of bachelors degrees is among black people with a rate of 60%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $48,333 | $81,250 | $0 |
| Graduate Degree | $87,692 | $0 | $69,583 |
| High School Graduate | $34,837 | $41,354 | $23,611 |
| Less Than 9th Grade | $0 | $0 | $9,625 |
| Overall | $42,188 | $46,974 | $27,014 |
| Some College | $45,132 | $61,667 | $28,333 |
$42,188
Average Earnings
$46,974
Average Male
$27,014
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
93.98% of Banks township residents speak only English, while 6.02% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 3.19% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| White | 1,299 | 25 | 1.92% |
| Multiple | 56 | 2 | 3.57% |
1.95%
Overall Poverty Rate
2.19%
Male Poverty Rate
1.67%
Female Poverty Rate
The race most likely to be in poverty in Banks township is Multiple, with 3.57% below the poverty level.
The race least likely to be in poverty in Banks township is White, with 1.92% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 1.46%, and for those that did not work, the poverty rate was 5.23%.
rate
Rate | Poverty |
|---|---|
| Some College | 4.79% |
| High School | 2.11% |
| Less Than 9th Grade | 1.23% |
| Bachelors or Greater | 0% |
rate
Rate | Poverty |
|---|---|
| Male Employed | 0.47% |
| Female Employed | 0.36% |
| Male Unemployed | 0% |
| Female Unemployed | 0% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $80,000 | $101,520 |
| Households | $67,750 | $84,036 |
| Married Families | $86,063 | $-999,999,999 |
| Non Families | $40,750 | $45,570 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
58.2%
Overall Marriage Rate
55.7%
Male Marriage Rate
61.0%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 35-44.
Married
Widowed
Divorced
Separated
NeverMarried
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
127
Number of Veterans
118
Male Veterans
9
Female Veterans
War | Veterans |
|---|---|
| Vietnam | 46 |
| First Gulf War | 20 |
| Second Gulf War | 15 |
| Korea | 11 |
| World War II | 9 |
count
Age Group | Veterans |
|---|---|
| 75+ | 43 |
| 65 to 74 | 35 |
| 55 to 64 | 29 |
| 35 to 54 | 20 |
| 18 to 34 | 0 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 117 | 10.96% |
| Other Race | 4 | 100% |
| 2+ Races | 4 | 7.27% |
| Hispanic | 4 | 13.33% |
| Native American | 2 | 22.22% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
4.72%
Veteran Poverty Rate
37.8%
Veteran Disability Rate
LaborForceParticipation
64.3%
Labor Force Participation
59.9%
Employment Rate
6.6%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
80.03%
Born in Banks township
97.19%
Native Born
2.81%
Foreign Born
1.8%
Non Citizen
1.01%
Naturalized
97.19% of Banks township residents were born in the United States, with 80.03% having been born in Michigan. 1.8% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
Year | Population | Growth | Change |
|---|---|---|---|
| 2029 | 1,705 | 9 | 0.53% |
| 2028 | 1,696 | 9 | 0.53% |
| 2027 | 1,687 | 9 | 0.54% |
| 2026 | 1,678 | 9 | 0.54% |
| 2025 | 1,669 | 9 | 0.54% |
| 2024 | 1,660 | 9 | 0.55% |
| 2023 | 1,651 | 9 | 0.55% |
| 2022 | 1,642 | 24 | 1.48% |
| 2021 | 1,618 | 29 | 1.83% |
| 2020 | 1,589 | 0 | 0% |
| 2019 | 1,589 | 0 | 0% |
| 2018 | 1,589 | 5 | 0.32% |
| 2017 | 1,584 | 11 | 0.7% |
| 2016 | 1,573 | 2 | 0.13% |
| 2015 | 1,571 | -7 | -0.44% |
| 2014 | 1,578 | 0 | 0% |
| 2013 | 1,578 | -8 | -0.5% |
| 2012 | 1,586 | -6 | -0.38% |
| 2011 | 1,592 | -11 | -0.69% |
| 2010 | 1,603 | 0 | 0% |