In 2022, the population of Banks was 80, a 1.23% decrease year-by-year from 2021. Previously, in 2021, Banks's population was 81, a decline of 2.41% compared to a population of 83 in 2020.
The median age in Banks, AR is 33.4, as per 2021 ACS 5-Year Estimates. Of the total population, 25.73% were under the age of 15, 23.30% aged 15 to 29, 39.81% aged 30 to 64, 11.17% aged 65 to 84, and 0.00% were 85 years of age and older.