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Banks, Alabama

town · Pike County (primary) , Bibb County

At a glance

320
Population
$169,459
Typical market value
Zillow, county-wide, 2026-07
$1,080/mo
Median rent
20% below U.S. median
$50,000
Median household income
36% below U.S. median
22.3 min
Average commute
77%
Homes with broadband
97.06%
Locations with fiber available
10.9%
Unemployment

Cost of living (Clay Affordability Index)

CAI 106 — 6% above the national average. how it's computed

Housing18% above
Goods & services4% below
Utilities38% above
Taxes19% above
Insurance7% below
Commute cost26% below
For business: Alabama is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

High school graduates77.2%
College graduates20%

Doing business here

Economic development contacts, most local first:

county Pike County Economic Development Corp
The Pike County Economic Development Corporation (PCEDC) actively works to promote economic growth by encouraging new and expanding industries and supporting job creators throughout the county, while also serving as a catalyst for quality of life initiatives. PCEDC is a non-profit organization operating through a principled, business-driven leadership model focused on a mission of improving the lives of all Pike County residents through the development of economic prosperity.
state Alabama Association of Reg Councils
A public nonprofit organization representing municipalities and counties in Alabama through the membership of the 12 regional councils, promoting regional planning and economic development, coordinating statewide planning and economic development initiatives and hosting an annual training conference.
state Alabama Development Office
The Alabama Department of Commerce’s Made in Alabama initiative promotes investment and business growth in the state, offering resources, incentives, and project assistance while coordinating workforce development and global business efforts.
state Eco Dev Partnership of Alabama
EDPA is a private, non-profit organization that supports Alabama’s economic development efforts focusing on business attraction and expansion, innovation and entrepreneurship, talent attraction and retention, business intelligence and research, and policy.
State sales taxYes
State income taxYes
Right-to-work stateYes