What is the median household income in Banks Township (Carbon County), PA?
The median household income in Banks Township (Carbon County), PA is $63,875 (±$21,058) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,444 a month would take about $57,800 a year at the common guideline of spending no more than 30% of income on rent.
In Banks Township (Carbon County), the median household income went from $43,529 in 2015–2019 to $63,875 in 2020–2024 (+46.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $63,875 (±$21,058)
- Median renter income
- $88,750 (±$24,942)
- Income to afford median rent
- about $57,800
Income in Banks Township (Carbon County) against Carbon County, its state and the nation
| Banks Township (Carbon County) | Carbon County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median household income | $63,875 (±$21,058) | $67,554 (±$3,356) | $77,971 (±$342) | $80,734 |
| Median renter household income | $88,750 (±$24,942) | $41,543 (±$5,064) | $47,506 (±$425) | $52,966 |
| Median owner household income | $61,250 (±$14,814) | $75,805 (±$3,724) | $95,990 (±$362) | $100,009 |
| Median gross rent | $1,444 (±$197) | $994 (±$42) | $1,209 (±$5) | $1,413 |
In Banks Township (Carbon County), median household income is not measurably different from Carbon County ($67,554).
It is not measurably different from Pennsylvania ($77,971).
It is not measurably different from the national figure ($80,734).
In Carbon County, Banks Township (Carbon County) ranks 16 of 22 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1707 of 2,545.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Banks Township (Carbon County)
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,444 a month ($17,328 a year) needs an income of about $57,800 a year.
The median renting household in Banks Township (Carbon County) earns $88,750 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $43,529 (±$4,876) | $63,875 (±$21,058) | +46.7% | No measurable change after inflation |
| Median gross rent | $844 (±$42) | $1,444 (±$197) | +71.1% | Up after inflation |
| Median home value | $81,300 (±$8,633) | $119,700 (±$40,961) | +47.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Banks Township (Carbon County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Banks Township (Carbon County) | — | $63,875 (±$21,058) | — |
| Beaver Meadows | 0.4 mi | $52,768 (±$8,581) | Not measurably different |
| Packer Township | 2.7 mi | $77,981 (±$11,640) | Not measurably different |
| Hazleton | 3.1 mi | $46,177 (±$7,152) | Not measurably different |
| McAdoo | 4.2 mi | $45,753 (±$2,813) | Not measurably different |
| Jeddo | 4.5 mi | $65,903 (±$22,656) | Not measurably different |
| Harleigh | 4.8 mi | $130,329 (±$96,166) | Not measurably different |
| Weatherly | 5.3 mi | $52,125 (±$22,531) | Not measurably different |
| Hazle Township | 5.3 mi | $59,134 (±$11,988) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Carbon County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Bowmanstown | $68,365 (±$17,340) |
| 11 | Palmerton | $68,143 (±$16,780) |
| 12 | Penn Forest Township | $67,045 (±$8,615) |
| 13 | Weissport | $66,875 (±$17,378) |
| 14 | Summit Hill | $65,268 (±$24,803) |
| 15 | Lehighton | $64,651 (±$23,488) |
| 16 | Banks Township (Carbon County) | $63,875 (±$21,058) |
| 17 | Lehigh Township (Carbon County) | $62,500 (±$15,242) |
| 18 | Parryville | $62,250 (±$19,064) |
| 19 | Nesquehoning | $61,354 (±$16,490) |
| 20 | Beaver Meadows | $52,768 (±$8,581) |
| 21 | Weatherly | $52,125 (±$22,531) |
| 22 | Lansford | $44,713 (±$5,323) |
Showing 13 of 22 places in Carbon County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Banks Township (Carbon County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Banks Township (Carbon County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Banks Township (Carbon County), save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Banks Township (Carbon County), and send estimates and invoices from your phone.
Questions about Banks Township (Carbon County)
What is the median household income in Banks Township (Carbon County)?
The median household income in Banks Township (Carbon County) is $63,875 (±$21,058) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Banks Township (Carbon County)?
About $57,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,444 a month.
Have incomes in Banks Township (Carbon County) kept up with inflation?
In Banks Township (Carbon County), the median household income went from $43,529 in 2015–2019 to $63,875 in 2020–2024 (+46.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Banks Township (Carbon County)?
The median renting household in Banks Township (Carbon County), PA earns $88,750 (±$24,942) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Banks township, Carbon County, Pennsylvania
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Banks township, Carbon County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Banks township, Carbon County, Pennsylvania
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Banks township, Carbon County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Banks township, Carbon County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Banks township, Carbon County, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Banks township, Carbon County, Pennsylvania (county subdivision:04048, in state:42 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Banks Township (Carbon County) at a glance
- Home values in Banks Township (Carbon County)
- Homeowner costs in Banks Township (Carbon County)
- Property taxes in Banks Township (Carbon County)
- Types of homes in Banks Township (Carbon County)
- Bedrooms in Banks Township (Carbon County)
- Age of homes in Banks Township (Carbon County)
- Heating fuel in Banks Township (Carbon County)
- Commute and cars in Banks Township (Carbon County)
- Population growth in Banks Township (Carbon County)
- Pennsylvania landlord and tenant rules
- Housing across Carbon County
- Pennsylvania places ranked by median household income
- Housing data for every place in Pennsylvania