Banks ACT — Suburb Profile

Population, median income, rent prices, housing costs and demographics for Banks, Australian Capital Territory. ABS Census 2021.

The population of Banks ACT is 5,100 according to the 2021 Census. The median personal income in Banks is $1,168 per week ($60,736 per year). Median rent in Banks is $424 per week ($1,837 per month). Banks has a median age of 35 years, younger than the national median of 38. Banks has a population density of 2263.3 people per km².

The most common overseas birthplace in Banks is England. The most common religion is No Religion (49% of residents). After English, the most spoken language is Other. The median monthly mortgage repayment in Banks is $2,000.

Banks Map

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Banks Population

0
residents (Census 2021)

Banks Median Income & Rent

💰
Median Income
$1,168/wk
$60,736 per year
#503 of 14,663
🏠
Median Rent
$424/wk
$1,837 per month
#1489 of 14,663
👤
Median Age
35years
3 years younger than national median
🏡
Mortgage
$2,000/mo
Avg household size: 2.8 · 0.8 per bedroom

Banks Demographics

Gender Split

Male 49.9% (2,545) Female 50.1% (2,558)

Population Density

2263.3
people per km²
5,100 people · 2.3 km²

Households

2.8
Avg household size
0.8
Persons per bedroom
$2,741
Family income/wk

Banks Age Distribution

0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85+
♂ Male ♀ Female

Source: ABS Census 2021 — Suburb & Locality (SAL)

Banks Housing Tenure

🏠
Owned outright
26.2% 376 dwellings
🏦
Owned with mortgage
73.8% 1,059 dwellings

Source: ABS Census 2021 — Suburb & Locality (SAL)

Banks Country of Birth

Australia
92.0%
England
3.3%
India
2.5%
China
0.5%
Croatia
0.5%
Chile
0.3%
Egypt
0.3%
Afghanistan
0.3%
Germany
0.2%
Iran
0.2%

Source: ABS Census 2021 G09 — Country of Birth by SAL

Banks Religion

No Religion
48.6%
Catholic
25.2%
Anglican
12.8%
Not stated
4.9%
Buddhism
2.7%
Christian (other)
2.1%
Islam
2.1%
Pentecostal
1.7%

Source: ABS Census 2021 G14 — Religion by SAL

Banks Education Level

Year 12 or equivalent
70.4%
Year 10 or equivalent
19.6%
Year 11 or equivalent
6.6%
Year 9 or equivalent
3.4%

Source: ABS Census 2021 G16 — Highest Year of School by SAL

Banks Languages Spoken at Home

Other
33.6%
Spanish
13.4%
Arabic
12.4%
SAL Tot
10.6%
IAL Punjabi
10.6%
Urdu
7.8%
IAL Sinhal
6.0%
Croatian
5.5%

Source: ABS Census 2021 G13 — Language Spoken at Home by SAL

Banks Employment

💼
Employed full-time
54.2% 2,029 people
Employed part-time
20.8% 780 people
🔍
Unemployed
3.2% 121 people
🏠
Not in labour force
21.7% 814 people

Source: ABS Census 2021 G46 — Labour Force Status by SAL

Banks Qualifications

Certificate III/IV
38.1%
Bachelor Degree
25.8%
Advanced Diploma/Diploma
21.0%
Postgraduate Degree
7.6%
Graduate Diploma/Certificate
5.1%
Certificate I/II
2.4%

Source: ABS Census 2021 G49 — Non-School Qualification by SAL

Banks Occupation

Professionals
25.1%
Clerical & Administrative
19.7%
Technicians & Trade Workers
16.7%
Managers
15.9%
Community & Personal Service
10.8%
Sales Workers
4.5%
Machinery Operators & Drivers
4.0%
Labourers
3.4%

Source: ABS Census 2021 G51 — Industry of Employment by Occupation

Banks Field of Study

Management & Commerce
25.7%
Society & Culture
15.5%
Engineering
14.0%
Health
8.2%
Information Technology
7.5%
Architecture & Building
7.2%
Food, Hospitality & Personal Services
6.7%
Education
6.4%
Creative Arts
3.9%
Natural & Physical Sciences
3.1%
Agriculture & Environment
1.8%

Source: ABS Census 2021 G51 — Field of Study by SAL

Banks Dwelling Types

Separate house
82.3%
Semi-detached (1 storey)
15.7%
Semi-detached (2+ storey)
2.0%

Source: ABS Census 2021 G36 — Dwelling Structure by SAL

Banks Weekly Household Income

Nil/Negative/wk
0.6%
$1-$149/wk
0.6%
$150-$299/wk
0.3%
$300-$399/wk
1.1%
$400-$499/wk
3.2%
$500-$649/wk
1.9%
$650-$799/wk
3.1%
$800-$999/wk
2.9%
$1,000-$1,249/wk
5.7%
$1,250-$1,499/wk
6.6%
$1,500-$1,749/wk
7.2%
$1,750-$1,999/wk
6.0%
$2,000-$2,499/wk
12.8%
$2,500-$2,999/wk
11.0%
$3,000-$3,499/wk
10.8%
$3,500-$3,999/wk
7.2%
$4,000+/wk
19.0%

Source: ABS Census 2021 G33 — Household Income by SAL

Banks Marital Status

💍
Married
48.1% 1,933
↔️
Separated
3.3% 133
📋
Divorced
9.0% 361
🕊️
Widowed
2.7% 110
👤
Never married
36.9% 1,485

Source: ABS Census 2021 G05 — Marital Status by SAL

Banks Ancestry

Australian
30.5%
English
28.4%
Other
10.4%
Irish
8.3%
Scottish
8.3%
German
3.4%
Italian
2.4%
Aboriginal Australianralian
2.0%
Indian
1.7%
Chinese
1.7%
Filipino
1.5%
Dutch
1.3%

Source: ABS Census 2021 G08 — Ancestry by SAL

Banks School & University Attendance

Primary — Government
24.4%
Secondary — Government
21.0%
Primary — Catholic
15.4%
Vocational Education
14.8%
Secondary — Catholic
10.1%
Pre-school
8.8%
Secondary — Other Non-Govt
3.3%
Primary — Other Non-Govt
2.3%

Source: ABS Census 2021 G15 — Type of Educational Institution by SAL

Banks Need for Assistance

Needs assistance
4.7% 466
No need for assistance
95.3% 9,434

Source: ABS Census 2021 G18 — Core Activity Need for Assistance by SAL

Banks Volunteering

🤝
Volunteer
12.8% 497
Not a volunteer
87.2% 3,390

Source: ABS Census 2021 G23 — Voluntary Work by SAL

Banks Monthly Mortgage Repayments

$0-$299/mo
3.9%
$300-$449/mo
1.3%
$450-$599/mo
1.0%
$600-$799/mo
3.7%
$800-$999/mo
3.2%
$1,000-$1,399/mo
10.6%
$1,400-$1,799/mo
19.3%
$1,800-$2,399/mo
32.2%
$2,400-$2,999/mo
15.7%
$3,000-$3,999/mo
9.1%

Source: ABS Census 2021 G38 — Mortgage Repayment by SAL

Banks How People Get to Work

Car (driver)
77.7%
Did not go to work
11.5%
Car (passenger)
5.0%
Bus
2.8%
Truck
0.7%
Motorbike/Scooter
0.7%
Walked only
0.5%
Bicycle
0.4%
Other
0.4%
Taxi/Rideshare
0.2%
Train
0.2%

Source: ABS Census 2021 G62 — Method of Travel to Work by SAL

Banks Car Ownership

0 vehicles
1.7%
1 vehicle
29.2%
2 vehicles
42.3%
3 vehicles
16.5%
4+ vehicles
10.3%

Source: ABS Census 2021 G34 — Motor Vehicles per Dwelling by SAL

Banks Number of Bedrooms

1 bedroom
0.2%
2 bedrooms
2.4%
3 bedrooms
57.2%
4 bedrooms
32.9%
5 bedrooms
6.0%
6+ bedrooms
1.4%

Source: ABS Census 2021 G41 — Number of Bedrooms by SAL

Banks Population Mobility

11.7%
moved in the last year
33.4%
moved in the last 5 years
3.7%
unemployment rate (Census)
77.1%
labour force participation

Source: ABS Census 2021 G43 — Summary by SAL

Banks Indigenous Population

2.9%
Aboriginal & Torres Strait Islander
288
Indigenous residents
9,645
Non-Indigenous residents

Source: ABS Census 2021 G07 — Indigenous Status by SAL

Banks Long-term Health Conditions

Mental health
596
Asthma
199
Diabetes
136
Arthritis
134
Heart disease
93
Lung condition
68
Cancer
62
Kidney disease
58
Stroke
39
Dementia
7

Source: ABS Census 2021 G19 — Long-term Health Conditions by SAL

Banks Personal Weekly Income Distribution

$0 or less/wk
8.6%
$1-$149/wk
4.0%
$150-$299/wk
4.0%
$300-$399/wk
2.0%
$400-$499/wk
2.0%
$500-$649/wk
2.1%
$650-$799/wk
6.7%
$800-$999/wk
8.6%
$1,000-$1,249/wk
11.1%
$1,250-$1,499/wk
12.1%
$1,500-$1,749/wk
11.6%
$1,750-$1,999/wk
8.0%
$2,000-$2,999/wk
14.2%
$3,000-$3,499/wk
2.4%
$3,500+/wk
2.6%

Source: ABS Census 2021 G17 — Personal Income by SAL

Banks Family Structure

Couple — children under 15
44.9%
Couple — no children
20.6%
Couple — no children under 15
20.1%
One parent — children under 15
8.0%
One parent — no children under 15
6.5%

Source: ABS Census 2021 G29 — Family Composition by SAL

Banks Military Service

🎖️
Current ADF — Regular
0.7% 26
🛡️
Current ADF — Reserves
0.5% 20
🏅
Previously served
5.0% 197
👤
Never served
93.8% 3,665

Source: ABS Census 2021 G22 — ADF Service by SAL

Banks Unpaid Carers

🤲
Provided unpaid assistance
12.9% 503
Did not provide
87.1% 3,386

Source: ABS Census 2021 G25 — Unpaid Assistance by SAL

Banks Children Ever Born

No children
32.8%
1 child
13.4%
2 children
31.0%
3 children
15.8%
4 children
5.3%
5+ children
1.7%

Source: ABS Census 2021 G28 — Children Ever Born by SAL

Banks When Migrants Arrived

Before 1951
8
1951–1960
31
1961–1970
100
1971–1980
112
1981–1990
156
1991–2000
114
2001–2010
190
2011–2015
111
2016
26
2017
18
2018
16
2019
13
2020
3
2021
7

Source: ABS Census 2021 G10 — Year of Arrival by SAL

Banks Unpaid Domestic Work

Less than 5 hours
25.5%
5–14 hours
32.8%
15–29 hours
12.3%
30+ hours
7.0%
Did not do domestic work
22.5%

Source: ABS Census 2021 G24 — Unpaid Domestic Work by SAL

Banks Household Size

1 person
19.7%
2 persons
28.1%
3 persons
19.2%
4 persons
21.8%
5 persons
7.3%
6+ persons
3.9%

Source: ABS Census 2021 G35 — Household Size by SAL

Banks Where Residents Moved From

Same address
4,343
Moved from ACT
340
Moved from NSW
118
Moved — same area (SA2)
47
Moved from VIC
22
Moved from QLD
19
Moved from overseas
14
Moved from NT
7

Source: ABS Census 2021 G44 — Address 1 Year Ago by SAL

Banks Family Blending

Intact family — no other children
84.7%
Blended family — no other children
7.3%
Step family — no other children
7.1%
Intact family — other children present
0.5%
Step family — other children present
0.4%

Source: ABS Census 2021 G31 — Family Blending by SAL

Banks Schools

5
schools nearby
4
government
1006
avg ICSEA score
2,051
total students
St Clare of Assisi Primary School Catholic
Primary · K-6 · 483 students
1044
ICSEA
Lanyon High School Government
Secondary · 7-10 · 524 students
1005
ICSEA
Gordon Primary School Government
Primary · K-6 · 407 students
1005
ICSEA
Charles Conder Primary School Government
Primary · K-6 · 431 students
1002
ICSEA
Theodore Primary School Government
Primary · K-6 · 206 students
974
ICSEA

Source: ACARA — Australian Curriculum, Assessment and Reporting Authority, 2025. ICSEA = Index of Community Socio-Educational Advantage (national average 1000).

View all schools in Banks with map →

Banks Rent Prices & Affordability

18%
of income
Affordable
Household Income $2,419/wk
Median Rent $424/wk
Rent-to-Income 17.5%

Rent is under 25% of household income — generally considered affordable.

If you earn X in Banks

≈ $10,482/month
Median rent $424/wk
Left after rent $1,995/wk
Rent share 17.5%

Cheaper alternatives with similar incomes

Banks vs State & National Average

Nearby Suburbs in ACT

Frequently Asked Questions About Banks

What is the population of Banks ACT?

The population of Banks ACT is 5,100 according to the ABS Census 2021.The suburb has a population density of 2263.3 people per km².Banks is ranked #1,535 out of 14,663 suburbs by population.

What is the median income in Banks?

The median personal income in Banks ACT is $1,168 per week, or $60,736 per year.The median household income is $2,419 per week.Family income is $2,741 per week.Banks is ranked #503 by income out of 14,663 Australian suburbs.

How much is rent in Banks?

Median rent in Banks ACT is $424 per week ($1,837 per month).Rent represents 17.5% of household income, which is considered affordable.Banks ranks #1,489 out of 14,663 suburbs by rent.

What are mortgage repayments in Banks?

The median monthly mortgage repayment in Banks ACT is $2,000. This data comes from the ABS Census 2021 and reflects mortgage repayments for owner-occupied dwellings.

What is the median age in Banks?

The median age in Banks ACT is 35 years.This is younger than the national median age of 38 years.

Is Banks a good suburb to live in?

Banks is a suburb in Australian Capital Territory with a population of 5,100.The median income is $1,168/wk, which is below the ACT average of $1,190/wk.Rent affordability is rated as affordable (17.5% of household income). See the full suburb profile above for detailed statistics.

Looking for schools, childcare centres, and playgrounds in this area? See kid.com.au for family facilities data.

Data: Australian Bureau of Statistics, Census of Population and Housing 2021. SA2 area: 80021. All dollar figures in AUD.