Banks Township, Michigan Population

Overview

1,496

Total Population

50.7

Median age

49.40%

Female population %

102.4:100

Gender ratio (M:F)

50-54 years

Largest age group

54.7

Total dependency ratio

White

Largest racial group

12

Hispanic population

Sources: U.S. Census Bureau, American Community Survey (ACS) 2021

TABLE OF CONTENTS

Age

Banks township's population is old compared to the rest of the country:

The median age in Banks township is 50.7, compared to 38.8 nationwide, according to the American Community Survey 2017 - 2021 5 Year estimates.
Banks township's population under 18 was 16.84%, compared to the 22.51% nationwide.
Banks township's elderly or the senior population (over 65 age) was 23.93% as compared to 16.04% nationwide.
Of the total population in Banks township, 11.43% were under the age of 15, 18.52% aged 15 to 29, 46.12% aged 30 to 64, 20.32% aged 65 to 84, and 3.61% were 85 years of age and older.

There are 18 less females than males in Banks township:

The female percentage in the USA is 50.50% while the male percentage is 49.50%, compared to 49.40% females and 50.60% males in Banks Township, Michigan.
The Banks Township, Michigan gender ratio is 102.4:100 i.e. 102.4 men to 100 women (1.024).
For male population, the largest age group is 50-54 years with a population of 88.
For the female population, the largest age group is 65-69 years with a population of 77.

Banks township's population has become increasingly diverse:

Racial distribution of Banks township population: 93.72% are White, 1.07% are Black or African American, 1.14% are American Indian and Alaska Native, 0.13% are Asian and 3.94% are multiracial.
Banks township's racial breakdown clearly shows that there is an absolute majority of White population in the township.
By ethnicity, 12 is Hispanic or Latino (of any race), and 1,484 (99.20% of the total population) is Non-Hispanic.
The largest racial group in Banks township is White with a population of 1,402 (93.72% of the total population).

Banks township's population has already reached its peak and is showing a trend of decline:

The peak population was 1,846 in the year 2007
From 2000 to 2010, Banks township's population decreased by 205 (11.34%), as compared to the national growth of 9.63%.
From 2010 to 2020, Banks township's population decreased by 15 (0.94%), according to Census Bureau's Population Estimates Program. For the same period, the rate of growth for the United States was 7.17%.
Between the year 2000 and 2022, Banks township's population was lowest in year 2015 at 1,571.