Banks, ACT: suburb profile

The population of Banks ACT is 5,100 according to the 2021 Census. The median personal income in Banks is $1,168 per week ($60,736 per year). Median rent in Banks is $424 per week ($1,837 per month). Banks has a median age of 35 years, younger than the national median of 38. Banks has a population density of 2,263 people per km².

The most common overseas birthplace in Banks is England. The most common religion is No religion (44.2% of residents). After English, the most spoken language is Punjabi. The median monthly mortgage repayment in Banks is $2,000.

Population
5,100
Census 2021
Median income
$1,168/wk
Personal, Census 2021
Median rent
$424/wk
Weekly, Census 2021
Median age
35years
Census 2021

Valid: Census 2021 · Source: ABS Census of Population and Housing 2021.

Banks vs the typical ACT suburb

The median personal income in Banks is $1,168 a week, 2% below the typical ACT suburb ($1,192). That ranks 64th of 109 ACT suburbs with 200 or more residents. Median rent is $424 a week, $26 less than the typical ACT suburb. Rent takes 17.5% of the median household income here, against 18.2% in the typical ACT suburb. The median resident is 35, 3 years younger than in the typical ACT suburb (38).

The typical suburb is the median across suburbs with 200 or more residents. ABS Census 2021, calculated by GDP.com.au.
MeasureBanksTypical ACTDifferenceTypical Australia
Personal income$1,168/wk$1,192/wk −2%$766/wk
Household income$2,419/wk$2,414/wk +0%$1,637/wk
Rent$424/wk$450/wk −6%$330/wk
Mortgage repayment$2,000/mo$2,154/mo −7%$1,733/mo
Median age3538 −3 yrs42
Rent share of household income17.5%18.2% −0.6 pts20.3%
Income, rent and mortgage against the typical suburb Valid: Census 2021 · Source: ABS, calculated by GDP.com.au
Bar chart of median income, rent and mortgage repayment in Banks, the typical ACT suburb and the typical Australian suburb.

Banks Population

5,100 residents at the 2021 Census.

Banks Median Income & Rent

Median Income
$1,168/wk
$60,736 per year
Ranked 503 of 14,663
Median Rent
$424/wk
$1,837 per month
Ranked 1,489 of 14,663
Median Age
35years
3 years younger than the national median
Mortgage
$2,000/mo
Avg household size: 2.8 · 0.8 per bedroom

Valid: Census 2021 · Source: ABS Census of Population and Housing.

Banks Rent Prices & Affordability

18% of median household income goes on median rent

Marks at 25% and 35%. Band: affordable.

Household income $2,419/wk
Median rent $424/wk
Rent to income 17.5%

Rent is under 25% of household income, generally considered affordable.

Median rent in Banks against your income

About $10,482 a month
Median rent $424/wk
Left after rent $1,995/wk
Rent share 17.5%

Banks Schools

5
schools nearby
4
government
1006
avg ICSEA score
2,051
total students
St Clare of Assisi Primary School Catholic
Primary · K-6 · 483 students
1044
ICSEA
Lanyon High School Government
Secondary · 7-10 · 524 students
1005
ICSEA
Gordon Primary School Government
Primary · K-6 · 407 students
1005
ICSEA
Charles Conder Primary School Government
Primary · K-6 · 431 students
1002
ICSEA
Theodore Primary School Government
Primary · K-6 · 206 students
974
ICSEA

Source: Australian Curriculum, Assessment and Reporting Authority (ACARA), 2025. ICSEA is the Index of Community Socio-Educational Advantage (national average 1000).

All schools near Banks, with a map

Banks Map

Banks, Australian Capital Territory Map data: OpenStreetMap
Loading map…

Banks, Australian Capital Territory: 35.4719°S, 149.1009°E

Banks Schools (5)

People in Banks

Demographics

Gender Split

Male 49.9% (2,545) Female 50.1% (2,558)

Population Density

2,263
people per km²
5,100 people · 2.3 km²

Households

2.8
Avg household size
0.8
Persons per bedroom
$2,741
Family income/wk

Age Distribution

0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85+
Male Female

Source: ABS Census 2021, Suburb and Locality (SAL)

Most common overseas birthplaces

England
2.8%
India
2.2%
Philippines
1.3%
New Zealand
0.8%
Sri Lanka
0.8%
Vietnam
0.5%
China
0.4%

Shares are of all residents. Source: ABS Census 2021, G09 Country of Birth by SAL

Most common languages at home other than English

Punjabi
1.1%
Arabic
1.0%
Spanish
1.0%
Cantonese
0.6%
Hindi
0.6%
Malayalam
0.5%
Urdu
0.5%

Shares are of all residents. Source: ABS Census 2021, G13 Language Used at Home by SAL

Ancestry

Australian
39.4%
English
36.7%
Irish
10.7%
Scottish
10.7%
German
4.4%
Italian
3.1%
Australian Aboriginal
2.6%
Indian
2.3%
Chinese
2.2%
Filipino
1.9%
Dutch
1.7%

Shares are of the suburb population. People can report up to two ancestries, so shares add to more than 100%. Source: ABS Census 2021, G08 Ancestry by SAL

Religion

No religion
44.2%
Catholic
22.9%
Anglican
11.6%
Not stated
4.4%
Buddhism
2.5%
Christian (other)
1.9%
Islam
1.9%
Pentecostal
1.5%

Source: ABS Census 2021, G14 Religion by SAL

Indigenous Population

2.8%
Aboriginal & Torres Strait Islander

Source: ABS Census 2021, G07 Indigenous Status by SAL

Marital Status

Married
48.1% 1,933
Separated
3.3% 133
Divorced
9.0% 361
Widowed
2.7% 110
Never married
36.9% 1,485

Source: ABS Census 2021, G05 Marital Status by SAL

Family Structure

Couple: children under 15
44.9%
Couple: no children
20.6%
Couple: no children under 15
20.1%
One parent: children under 15
8.0%
One parent: no children under 15
6.5%

Source: ABS Census 2021, G29 Family Composition by SAL

Household Size

1 person
19.7%
2 persons
28.1%
3 persons
19.2%
4 persons
21.8%
5 persons
7.3%
6+ persons
3.9%

Source: ABS Census 2021, G35 Household Size by SAL

Homes in Banks

Housing Tenure

Of the 1,772 occupied private dwellings in Banks at the 2021 Census, 17.7% were rented, 21.2% owned outright and 59.8% owned with a mortgage.

Other tenure type
0.4% 7 dwellings
Owned outright
21.2% 376 dwellings
Owned with mortgage
59.8% 1,059 dwellings
Rented
17.7% 314 dwellings
Tenure type not stated
1.1% 19 dwellings

Source: ABS Census 2021, Suburb and Locality (SAL)

Dwelling Types

Separate house
82.3%
Semi-detached (1 storey)
15.7%
Semi-detached (2+ storey)
2.0%

Source: ABS Census 2021, G36 Dwelling Structure by SAL

Number of Bedrooms

1 bedroom
0.2%
2 bedrooms
2.4%
3 bedrooms
57.2%
4 bedrooms
32.9%
5 bedrooms
6.0%
6+ bedrooms
1.4%

Source: ABS Census 2021, G41 Number of Bedrooms by SAL

Monthly Mortgage Repayments

$0-$299/mo
3.9%
$300-$449/mo
1.3%
$450-$599/mo
1.0%
$600-$799/mo
3.7%
$800-$999/mo
3.2%
$1,000-$1,399/mo
10.6%
$1,400-$1,799/mo
19.3%
$1,800-$2,399/mo
32.2%
$2,400-$2,999/mo
15.7%
$3,000-$3,999/mo
9.1%

Source: ABS Census 2021, G38 Mortgage Repayment by SAL

Car Ownership

0 vehicles
1.7%
1 vehicle
29.2%
2 vehicles
42.3%
3 vehicles
16.5%
4+ vehicles
10.3%

Source: ABS Census 2021, G34 Motor Vehicles per Dwelling by SAL

Work, income and education in Banks

Employment

Employed full-time
54.2% 2,029 people
Employed part-time
20.8% 780 people
Unemployed
3.2% 121 people
Not in labour force
21.7% 814 people

Source: ABS Census 2021, G46 Labour Force Status by SAL

Occupation

Professionals
25.1%
Clerical & Administrative
19.7%
Technicians & Trade Workers
16.7%
Managers
15.9%
Community & Personal Service
10.8%
Sales Workers
4.5%
Machinery Operators & Drivers
4.0%
Labourers
3.4%

Source: ABS Census 2021, G51 Industry of Employment by Occupation

Weekly Household Income

Nil/Negative/wk
0.6%
$1-$149/wk
0.6%
$150-$299/wk
0.3%
$300-$399/wk
1.1%
$400-$499/wk
3.2%
$500-$649/wk
1.9%
$650-$799/wk
3.1%
$800-$999/wk
2.9%
$1,000-$1,249/wk
5.7%
$1,250-$1,499/wk
6.6%
$1,500-$1,749/wk
7.2%
$1,750-$1,999/wk
6.0%
$2,000-$2,499/wk
12.8%
$2,500-$2,999/wk
11.0%
$3,000-$3,499/wk
10.8%
$3,500-$3,999/wk
7.2%
$4,000+/wk
19.0%

Source: ABS Census 2021, G33 Household Income by SAL

Personal Weekly Income Distribution

$0 or less/wk
8.6%
$1-$149/wk
4.0%
$150-$299/wk
4.0%
$300-$399/wk
2.0%
$400-$499/wk
2.0%
$500-$649/wk
2.1%
$650-$799/wk
6.7%
$800-$999/wk
8.6%
$1,000-$1,249/wk
11.1%
$1,250-$1,499/wk
12.1%
$1,500-$1,749/wk
11.6%
$1,750-$1,999/wk
8.0%
$2,000-$2,999/wk
14.2%
$3,000-$3,499/wk
2.4%
$3,500+/wk
2.6%

Source: ABS Census 2021, G17 Personal Income by SAL

How People Get to Work

Car (driver)
77.7%
Did not go to work
11.5%
Car (passenger)
5.0%
Bus
2.8%
Truck
0.7%
Motorbike/Scooter
0.7%
Walked only
0.5%
Bicycle
0.4%
Other
0.4%
Taxi/Rideshare
0.2%
Train
0.2%

Source: ABS Census 2021, G62 Method of Travel to Work by SAL

Education Level

Year 12 or equivalent
70.4%
Year 10 or equivalent
19.6%
Year 11 or equivalent
6.6%
Year 9 or equivalent
3.4%

Shares are of people whose highest year of school is Year 9 to 12 only. Source: ABS Census 2021, G16 Highest Year of School by SAL

Qualifications

Certificate III/IV
38.1%
Bachelor Degree
25.8%
Advanced Diploma/Diploma
21.0%
Postgraduate Degree
7.6%
Graduate Diploma/Certificate
5.1%
Certificate I/II
2.4%

Source: ABS Census 2021, G49 Non-School Qualification by SAL

Field of Study

Management & Commerce
25.7%
Society & Culture
15.5%
Engineering
14.0%
Health
8.2%
Information Technology
7.5%
Architecture & Building
7.2%
Food, Hospitality & Personal Services
6.7%
Education
6.4%
Creative Arts
3.9%
Natural & Physical Sciences
3.1%
Agriculture & Environment
1.8%

Source: ABS Census 2021, G51 Field of Study by SAL

School & University Attendance

Primary: Government
24.4%
Secondary: Government
21.0%
Primary: Catholic
15.4%
Vocational Education
14.8%
Secondary: Catholic
10.1%
Pre-school
8.8%
Secondary: Other Non-Govt
3.3%
Primary: Other Non-Govt
2.3%

Source: ABS Census 2021, G15 Type of Educational Institution by SAL

More from the 2021 Census

Need for Assistance

Does not have need for assistance
92.4%
Has need for assistance
4.5%
Need for assistance not stated
3.0%

Source: ABS Census 2021, G18 Core Activity Need for Assistance by SAL

Long-term Health Conditions

Mental health
596
Asthma
199
Diabetes
136
Arthritis
134
Heart disease
93
Lung condition
68
Cancer
62
Kidney disease
58
Stroke
39
Dementia
7

Source: ABS Census 2021, G19 Long-term Health Conditions by SAL

Unpaid Carers

Provided unpaid assistance
12.9% 503
Did not provide
87.1% 3,386

Source: ABS Census 2021, G25 Unpaid Assistance by SAL

Volunteering

Volunteer
12.8% 497
Not a volunteer
87.2% 3,390

Source: ABS Census 2021, G23 Voluntary Work by SAL

Military Service

Current ADF: Regular
0.7% 26
Current ADF: Reserves
0.5% 20
Previously served
5.0% 197
Never served
93.8% 3,665

Source: ABS Census 2021, G22 ADF Service by SAL

Children Ever Born

No children
32.8%
1 child
13.4%
2 children
31.0%
3 children
15.8%
4 children
5.3%
5+ children
1.7%

Source: ABS Census 2021, G28 Children Ever Born by SAL

When Migrants Arrived

Before 1951
8
1951: 1960
31
1961: 1970
100
1971: 1980
112
1981: 1990
156
1991: 2000
114
2001: 2010
190
2011: 2015
111
2016
26
2017
18
2018
16
2019
13
2020
3
2021
7

Source: ABS Census 2021, G10 Year of Arrival by SAL

Population Mobility

11.7%
moved in the last year
33.4%
moved in the last 5 years
3.7%
unemployment rate (Census)
77.1%
labour force participation

Source: ABS Census 2021, G43 Summary by SAL

Where Residents Moved From

Same address
4,343
Moved from ACT
340
Moved from NSW
118
Moved: same area (SA2)
47
Moved from VIC
22
Moved from QLD
19
Moved from overseas
14
Moved from NT
7

Source: ABS Census 2021, G44 Address 1 Year Ago by SAL

Unpaid Domestic Work

Less than 5 hours
25.5%
5: 14 hours
32.8%
15: 29 hours
12.3%
30+ hours
7.0%
Did not do domestic work
22.5%

Source: ABS Census 2021, G24 Unpaid Domestic Work by SAL

Family Blending

Intact family: no other children
84.7%
Blended family: no other children
7.3%
Step family: no other children
7.1%
Intact family: other children present
0.5%
Step family: other children present
0.4%

Source: ABS Census 2021, G31 Family Blending by SAL

Cheaper alternatives with similar incomes

Charnwood
Income: $948/wk Rent: $380/wk $44/wk less rent
Scullin
Income: $1,041/wk Rent: $390/wk $34/wk less rent
Downer
Income: $1,125/wk Rent: $420/wk $4/wk less rent
Lyons (ACT)
Income: $1,097/wk Rent: $360/wk $64/wk less rent
Richardson
Income: $1,012/wk Rent: $391/wk $33/wk less rent
Holt
Income: $1,041/wk Rent: $396/wk $28/wk less rent
Conder
Income: $1,179/wk Rent: $390/wk $34/wk less rent
Macquarie
Income: $1,078/wk Rent: $400/wk $24/wk less rent

Suburbs near Banks

The closest suburb to Banks is Conder, 1.7 km away.

Conder
1.7 km away · income $1,179/wk · rent $390/wk
Gordon (ACT)
2.4 km away · income $1,157/wk · rent $420/wk
Theodore (ACT)
3.1 km away · income $1,195/wk · rent $430/wk
Calwell
3.3 km away · income $1,192/wk · rent $448/wk
Bonython
4.6 km away · income $1,135/wk · rent $445/wk
Isabella Plains
4.8 km away · income $1,084/wk · rent $450/wk

Compare Banks

Frequently Asked Questions About Banks

What is the population of Banks ACT?

The population of Banks ACT is 5,100 according to the ABS Census 2021. The suburb has a population density of 2,263 people per km². Banks is ranked #1,535 out of 14,663 suburbs by population.

What is the median income in Banks?

The median personal income in Banks ACT is $1,168 per week, or $60,736 per year. The median household income is $2,419 per week. Family income is $2,741 per week. Banks is ranked #503 by income out of 14,663 Australian suburbs.

How much is rent in Banks?

Median rent in Banks ACT is $424 per week ($1,837 per month). Rent represents 17.5% of household income, which is considered affordable. Banks ranks #1,489 out of 14,663 suburbs by rent.

What are mortgage repayments in Banks?

The median monthly mortgage repayment in Banks ACT is $2,000. This data comes from the ABS Census 2021 and reflects mortgage repayments for owner-occupied dwellings.

What is the median age in Banks?

The median age in Banks ACT is 35 years. This is younger than the national median age of 38 years.

Is Banks a good suburb to live in?

Banks is a suburb in Australian Capital Territory with a population of 5,100. The median income is $1,168/wk, which is below the typical ACT suburb ($1,192/wk). Rent affordability is rated as affordable (17.5% of household income). See the full suburb profile above for detailed statistics.

Explore More

Australian Average Salary Australian House Prices Canberra Cost of Living

Data: Australian Bureau of Statistics, Census of Population and Housing 2021. SA2 area: 80021. All dollar figures in AUD.