Banner Elk, North Carolina Population 2020

1,087

Banner Elk is a city located in North Carolina. With a 2020 population of 1,087, it is the 323rd largest city in North Carolina and the 9979th largest city in the United States. Banner Elk is currently declining at a rate of -0.18% annually but its population has increased by 5.74% since the most recent census, which recorded a population of 1,028 in 2010. Banner Elk reached it's highest population of 1,129 in 2015. Spanning over 2 miles, Banner Elk has a population density of 566 people per square mile.

The average household income in Banner Elk is $76,167 with a poverty rate of 19.76%. The median rental costs in recent years comes to $741 per month, and the median house value is $290,500. The median age in Banner Elk is 21.4 years, 21.8 years for males, and 21.2 years for females. For every 100 females there are 57.4 males.

Banner Elk Demographics

According to the most recent ACS, the racial composition of Banner Elk was:

  • White: 87.54%
  • Black or African American: 3.88%
  • Other race: 3.46%
  • Asian: 2.70%
  • Two or more races: 2.28%
  • Native American: 0.14%
  • Native Hawaiian or Pacific Islander: 0.00%
The current population of Banner Elk, North Carolina is 1,087, based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 1,091.The last official US Census in 2010 recorded the population at 1,028.

Banner Elk, North Carolina Population 2020

Population by Race

Race Population Percentage
White1,26587.54%
Black or African American563.88%
Some Other Race503.46%
Asian392.70%
Two or More Races332.28%
American Indian and Alaska Native20.14%

Banner Elk Population Pyramid 2020

Banner Elk Median Age

21.4


Total

21.8


Male

21.2


Female

Banner Elk Adults

There are 1,338 adults, (154 of whom are seniors) in Banner Elk.

Banner Elk Age Dependency

22

Age Dependency Ratio

13

Old Age Dependency Ratio

9

Child Dependency Ratio

Banner Elk Sex Ratio

Female

918

63.53%

Male

527

36.47%

Banner Elk Households and Families

Banner Elk Renter vs Owner Occupied by Household Type

Banner Elk Household Types

Type Owner Renter
Male100%0%
Married70.3%29.7%
All44.2%55.8%
Female34.8%65.2%
Non Family23.4%76.6%

44.2%

Rate of Home Ownership

Type Count Average Size Owned
All3301.9944.2
Non Family1671.2823.4
Married1382.5970.3
Female233.6134.8
Male21.5100

2.64

Average Family Size

1.99

Average Household Size

8.8%

Unmarried (Opposite Sex)

0%

Unmarried (Same Sex)

Banner Elk Education

Education Attained Count Percentage
Less Than 9th Grade163.25%
9th to 12th Grade377.51%
High School Graduate6112.37%
Some College12224.75%
Associates Degree5310.75%
Bachelors Degree9519.27%
Graduate Degree10922.11%

Banner Elk Educational Attainment by Race

Name Total High School Bachelors
White389380192
Hispanic7232
Other Race43172
Black20182
Asian1197
Native American22
Multiple Races111

The highest rate of high school graduation is among native american people with a rate of 100.00%.

The highest rate of bachelors degrees is among multiple races people with a rate of 100.00%.

Name Average Male Female
Overall$37,500$39,250$33,750
Less Than High School$$$
High School Grad$22,143$$20,893
Some College$$48,167$
Bachelors Degree$39,375$41,250$
Graduate Degree$40,938$27,708$

$37,500

Average Earnings

$39,250

Average Male

$33,750

Average Female

Banner Elk Language

Banner Elk Language by Age

Banner Elk Language

84.97% of Banner Elk residents speak only English, while 15.03% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 6.97% of the population.

Banner Elk Poverty

Banner Elk Poverty by Race

Name Total In Poverty Poverty Rate
Hispanic1087973.15%
White513458.77%
Other432660.47%
Black13969.23%
Asian2314.35%

19.76%

Overall Poverty Rate

8.94%

Male Poverty Rate

28.93%

Female Poverty Rate

Poverty in Banner Elk

The race most likely to be in poverty in Banner Elk is Hispanic, with 73.15% below the poverty level.

The race least likely to be in poverty in Banner Elk is Asian, with 4.35% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 5.12%. Among those working part-time, it was 44.83%, and for those that did not work, the poverty rate was 17.61%.

Name Poverty
Less Than High School49.06%
High School18.03%
Some College12.50%
Bachelors or Greater10.10%
Name Poverty
Female Employed28.81%
Male Employed10.15%
Female Unemployed0.00%
Male Unemployed0.00%

Banner Elk Income

Banner Elk Income by Household Type

Name Median Mean
Households$49,000$76,167
Families$71,528$85,300
Married Families$97,500-
Non Families$36,642$54,996

Banner Elk Marital Status

Banner Elk Marital Status

Marriage Rates

20.7%

Overall Marriage Rate

25.8%

Male Marriage Rate

17.8%

Female Marriage Rate

Banner Elk Married by Age and Sex

Banner Elk Marriage

The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 55-64.

Banner Elk Marital Status by Race

Banner Elk Veterans

36

Number of Veterans

29

Male Veterans

7

Female Veterans

War Veterans
Vietnam15
Second Gulf War12
World War II
Korea
First Gulf War
Age Group Veterans
75+17
18 to 3412
65 to 746
35 to 541
55 to 64
Name Veterans % of Total
White342.91%
2 or More13.03%
Asian13.45%

$Banner Elk Veterans by Education

3.03%

Veteran Poverty Rate

27.27%

Veteran Disability Rate

Banner Elk Employment Status

51%

Labor Force Participation

42.4%

Employment Rate

16.8%

Unemployment Rate

Banner Elk Place of Birth

Origin of Non-Citizens

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

46.23%

Born in North Carolina

87.96%

Native Born

12.04%

Foreign Born

8.44%

Non Citizen

Place of Birth

87.96% of Banner Elk residents were born in the United States, with 46.23% having been born in North Carolina. 8.44% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Year Population Growth Annual Growth Rate
20201,087-2-0.18%
20191,089-2-0.18%
20181,09110.09%
20171,090-2-0.18%
20161,092-37-3.28%
20151,12940.36%
20141,125312.83%
20131,094454.29%
20121,049-37-3.41%
20111,086666.47%
20101,0200.00%