Banner Elk

County:: Avery County
County Seat:: No
Area (mi²):: 1.92
State:: North Carolina

Banner Elk is a town located in Avery County, North Carolina. Banner Elk has a 2025 population of 1,178. Banner Elk is currently growing at a rate of 2.08% annually and its population has increased by 11.34% since the most recent census, which recorded a population of 1,058 in 2020.

The average household income in Banner Elk is $143,231 with a poverty rate of 16.01%. The median age in Banner Elk is 20.7 years: 20.9 years for males, and 20.6 years for females.

Demographics

The racial composition of Banner Elk includes 83.93% White, 7.7% Black or African American, and smaller percentages for Asian, other race, Native American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Black or African American

Two or more races

Asian

Other race

Native American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	1,123	83.93%
Black or African American	103	7.7%
Two or more races	82	6.13%
Asian	28	2.09%
Other race	2	0.15%
Native American	0	0%
Native Hawaiian or Pacific Islander	0	0%

Banner Elk Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Banner Elk's average per capita income is $31,652. Household income levels show a median of $67,917. The poverty rate stands at 16.01%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$130,417	-
Families	$112,917	$210,219
Households	$67,917	$143,231
Non Families	$38,864	$67,661

$31,652

Average Income

$67,917

Median Household Income

16.01%

Poverty Rate