Income & Economy in Banks town, AR (71631)
Median Income
$34,063
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+18
Wealth inflow
Population
508
Unemployment
10.7%
7.0pp above US avg
IRS migration statistics show a net inflow of about 18 for ZIP 71631 (Banks town, AR) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 71631 (2020–Present)
Since 2020, population declined 7.1%, median income fell 23.3% (inflation-adjusted), home values decreased 16.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $34,063 |
| Unemployment | 10.7% |
| Establishments | 6 |
| Employees | 11 |