Banks, AR — income, home value, property tax, and sales tax.
With a median household income of $37,396 and per-capita income of $24,006, ZIP code 71675, centered on Banks, sits in working-class territory. Homes here carry a median value of $156,300, and the county-level property tax rate of 0.47% keeps annual taxes on such a home below what many parts of the country charge. That lower rate helps offset a combined sales tax of 9.75%, which buyers pay on most purchases. Households in this ZIP are earning well under the national median, so the tax structure matters: property taxes stay contained while consumption taxes take a larger share of daily spending.
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