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The total population of Banner Elk is estimated to be 1,234 with 677 males (54.86%) and 557 females (45.14%). There are 120 less females than males in Banner Elk.
The median household income in Banner Elk was $63,053 in 2021, which marked an an increase of 2,147(3.53%) from $60,906 in 2020. This income is 84.51% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Banner Elk sees its highest median household income among householders in the age group of 45 to 64 years old, at $142,835. Overall, the median household income for the town of Banner Elk stands at $63,053.
In Banner Elk, there are just three different racial groups among households. Among these, Asian households report a median household income of $182,324, followed by White households at $54,496, and Two or More Races households with a median household income of $24,489.
In 2022, the population of Banner Elk was 1,088, a 0.83% increase year-by-year from 2021. Previously, in 2021, Banner Elk's population was 1,079, an increase of 2.96% compared to a population of 1,048 in 2020.
The median age in Banner Elk, NC is 21.5, as per 2021 ACS 5-Year Estimates. Of the total population, 4.15% were under the age of 15, 62.30% aged 15 to 29, 17.93% aged 30 to 64, 14.30% aged 65 to 84, and 1.33% were 85 years of age and older.
Racial distribution of Banner Elk population: 87.26% are White, 4.89% are Black or African American, 0.07% are American Indian and Alaska Native, 3.48% are Asian, 0.67% are some other race and 3.63% are multiracial.