Banner Elk

County:: Avery County
County Seat:: No
Area (mi²):: 1.92
State:: North Carolina

Banner Elk is a town located in Avery County, North Carolina. Banner Elk has a 2025 population of 1,178. Banner Elk is currently growing at a rate of 2.08% annually and its population has increased by 11.34% since the most recent census, which recorded a population of 1,058 in 2020.

The average household income in Banner Elk is $143,231 with a poverty rate of 16.01%.The median age in Banner Elk is 20.7 years: 20.9 years for males, and 20.6 years for females.

Demographics

The racial composition of Banner Elk includes 83.93% White, 7.7% Black or African American, and smaller percentages for Asian, other race and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	1,123	83.93%
Black or African American	103	7.7%
Two or more races	82	6.13%
Asian	28	2.09%
Other race	2	0.15%

Banner Elk Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Banner Elk's average per capita income is $31,652. Household income levels show a median of $67,917. The poverty rate stands at 16.01%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$130,417	-
Families	$112,917	$210,219
Households	$67,917	$143,231
Non Families	$38,864	$67,661

$31,652

Average Income

$67,917

Median Household Income

16.01%

Poverty Rate