Banner Elk, North Carolina Population 2024

1,106

Banner Elk is a city located in Avery County North Carolina. Banner Elk has a 2024 population of 1,106. Banner Elk is currently growing at a rate of 0.82% annually and its population has increased by 5.53% since the most recent census, which recorded a population of 1,048 in 2020.

The average household income in Banner Elk is $148,139 with a poverty rate of 12.46%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Banner Elk is 21 years, 21.2 years for males, and 20.8 years for females.

Banner Elk Demographics

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

  • White: 80.39%
  • Black or African American: 9.08%
  • Two or more races: 6.32%
  • Asian: 4.13%
  • Native American: 0.08%
  • Native Hawaiian or Pacific Islander:
  • Other race:
Land Area (mi²)
1.9 sq mi
Density (mi²)
576.10/sq mi
Growth Since 2020
5.53% (58)
The current population of Banner Elk, North Carolina is 1,106 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 1,048.

Banner Elk, North Carolina Population 2024

Population by Race

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Race
Population
Percentage (of total)
White99280.39%
Black or African American1129.08%
Two or more races786.32%
Asian514.13%
Native American10.08%
Native Hawaiian or Pacific Islander
Other race
showing: 7 rows

White

Black or African American

Two or more races

Asian

Native American

Native Hawaiian or Pacific Islander

Other race

Banner Elk Population by Race

Banner Elk Population Pyramid 2024

Banner Elk Median Age

21

Total

21.2

Male

20.8

Female

Banner Elk Adults

There are 1,172 adults, (187 of whom are seniors) in Banner Elk.

Banner Elk Age Dependency

25.3

Age Dependency Ratio

19

Old Age Dependency Ratio

6.3

Child Dependency Ratio

Banner Elk Sex Ratio

Female55745.14%
Male67754.86%

Banner Elk Population by Age

Banner Elk Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All3431.6866.233.8
Non Family1571.2347.152.9
Married1531.9791.58.5
Female262.625050
Male720100
showing: 5 rows

1.99

Average Family Size

1.68

Average Household Size

66.2%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Banner Elk Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Banner Elk Educational Attainment by Sex (over 25)

Banner Elk Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among native american people with a rate of 100%.

The highest rate of bachelors degrees is among asian people with a rate of 100%.

Banner Elk Educational Attainment by Race

All

Male

Female

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$47,500

Average Earnings

$74,583

Average Male

$18,125

Average Female

Banner Elk Earnings by Educational Attainment

Banner Elk Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Banner Elk Language

92.99% of Banner Elk residents speak only English, while 7.01% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 4% of the population.

Banner Elk Language

Banner Elk Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White494387.69%
Hispanic292068.97%
Black1010100%
Multiple14535.71%
showing: 4 rows

12.46%

Overall Poverty Rate

5.38%

Male Poverty Rate

18.89%

Female Poverty Rate

Poverty in Banner Elk

The race most likely to be in poverty in Banner Elk is Black, with 100% below the poverty level.

The race least likely to be in poverty in Banner Elk is White, with 7.69% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was . Among those working part-time, it was 35.29%, and for those that did not work, the poverty rate was 9.05%.

Banner Elk Poverty

rate

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Rate
Poverty
Less Than 9th Grade40%
High School11.48%
Some College5.1%
Bachelors or Greater1.63%
showing: 4 rows

Banner Elk Poverty Rate by Education

rate

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Rate
Poverty
Female Unemployed50%
Female Employed24.67%
Male Employed0.76%
Male Unemployed
showing: 4 rows

Banner Elk Poverty Rate by Employment Status and Sex

Banner Elk Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Banner Elk Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

22.2%

Overall Marriage Rate

23.5%

Male Marriage Rate

20.5%

Female Marriage Rate

Banner Elk Married by Age and Sex

male

female

Banner Elk Marriage

The age group where males are most likely to be married is 45-54, while the female age group most likely to be married is 35-44.

Banner Elk Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Banner Elk Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

35

Number of Veterans

32

Male Veterans

3

Female Veterans

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Banner Elk Veterans by War

count

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Banner Elk Veterans by Age

count

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Banner Elk Veterans by Race

Banner Elk Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

Veteran Poverty Rate

27.59%

Veteran Disability Rate

Banner Elk Veterans by Education

LaborForceParticipation

38.7%

Labor Force Participation

36.1%

Employment Rate

6.8%

Unemployment Rate

Banner Elk Employment by Age

LaborForceParticipation

Banner Elk Employment by Race

LaborForceParticipation

Banner Elk Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

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

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

43.03%

Born in Banner Elk

92.14%

Native Born

7.86%

Foreign Born

5.02%

Non Citizen

2.84%

Naturalized

Place of Birth

92.14% of Banner Elk residents were born in the United States, with 43.03% having been born in North Carolina. 5.02% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Banner Elk Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20291,15190.79%
20281,14290.79%
20271,13390.8%
20261,12490.81%
20251,11590.81%
20241,10690.82%
20231,09790.83%
20221,08890.83%
20211,079312.96%
20201,048-30-2.78%
20191,078-41-3.66%
20181,119242.19%
20171,095-4-0.36%
20161,099-38-3.34%
20151,13750.44%
20141,132312.82%
20131,101434.06%
20121,058-36-3.29%
20111,094676.52%
20101,027
showing: 20 rows

Banner Elk Population by Year