Banner Elk is a city located in Avery County and Watauga County North Carolina. Banner Elk has a 2024 population of 1,128. Banner Elk is currently growing at a rate of 1.81% annually and its population has increased by 7.63% 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.
According to the most recent ACS, the racial composition of Banner Elk was:
White
Black or African American
Two or more races
Asian
Native American
Native Hawaiian or Pacific Islander
Other race
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 343 | 1.68 | 66.2 | 33.8 |
| Non Family | 157 | 1.23 | 47.1 | 52.9 |
| Married | 153 | 1.97 | 91.5 | 8.5 |
| Female | 26 | 2.62 | 50 | 50 |
| Male | 7 | 2 | 0 | 100 |
1.99
Average Family Size
1.68
Average Household Size
66.2%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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%.
All
Male
Female
$47,500
Average Earnings
$74,583
Average Male
$18,125
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
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.
rate
12.46%
Overall Poverty Rate
5.38%
Male Poverty Rate
18.89%
Female Poverty Rate
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 0%. Among those working part-time, it was 35.29%, and for those that did not work, the poverty rate was 9.05%.
Married
Widowed
Divorced
Separated
NeverMarried
22.2%
Overall Marriage Rate
23.5%
Male Marriage Rate
20.5%
Female Marriage Rate
male
female
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.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
27.59%
Veteran Disability Rate
LaborForceParticipation
38.7%
Labor Force Participation
36.1%
Employment Rate
6.8%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
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
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.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 1,228 | 20 | 1.66% |
| 2028 | 1,208 | 20 | 1.68% |
| 2027 | 1,188 | 20 | 1.71% |
| 2026 | 1,168 | 20 | 1.74% |
| 2025 | 1,148 | 20 | 1.77% |
| 2024 | 1,128 | 20 | 1.81% |
| 2023 | 1,108 | 20 | 1.84% |
| 2022 | 1,088 | 9 | 0.83% |
| 2021 | 1,079 | 31 | 2.96% |
| 2020 | 1,048 | -30 | -2.78% |
| 2019 | 1,078 | -41 | -3.66% |
| 2018 | 1,119 | 24 | 2.19% |
| 2017 | 1,095 | -4 | -0.36% |
| 2016 | 1,099 | -38 | -3.34% |
| 2015 | 1,137 | 5 | 0.44% |
| 2014 | 1,132 | 31 | 2.82% |
| 2013 | 1,101 | 43 | 4.06% |
| 2012 | 1,058 | -36 | -3.29% |
| 2011 | 1,094 | 67 | 6.52% |
| 2010 | 1,027 | 0 | 0% |