The Town FilesBanks, Pennsylvania
Township in Indiana County · population 899 (2020 Census)
- Median home
- $144,400
- Household income
- $58,750
- Jan low / Jul high
- 14° / 81°
- Snow a year
- 50 in
- Tornadoes ≤10 mi since 1950
- 10
- Median age
- 36.2
Banks is a township of 899 people in Indiana County, Pennsylvania. The median home is worth $144,400, below the typical Pennsylvania town ($214,250). It ranks better for cycling than 90% of Pennsylvania towns, quieter than 88% of Pennsylvania towns, better for first-time buyers than 72% of Pennsylvania towns.
How Banks ranks
Percentile among Pennsylvania towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Pennsylvania towns.
Homes and cost of living
The median home in Banks is worth $144,400, below the typical Pennsylvania town ($214,250). Homes cost about 2.5 times the median household income of $58,750, which is more affordable than 70% of Pennsylvania towns. Median rent is $811 a month. 84.4% of households own their home.
| Housing | Banks | Typical Pennsylvania town |
|---|---|---|
| Median home value | $144,400 | $214,250 |
| Median rent | $811 | $996 |
| Median household income | $58,750 | $75,278 |
| Home value ÷ income | 2.5× | 2.8× |
| Homeownership | 84.4% | 81.5% |
| Median year built | 1968 | 1971 |
| Seasonal / vacation homes | 10.8% | — |
Who lives in Banks
| People | Banks | Typical Pennsylvania town |
|---|---|---|
| Median age | 36.2 | 44.2 |
| Age 65 and over | 19.0% | 21.1% |
| Under 18 | 18.9% | — |
| Bachelor's degree or higher | 13.2% | 23.8% |
| Below the poverty line | 16.9% | 8.5% |
| Veterans | 4.9% | — |
| Born outside the U.S. | 0.2% | — |
| Work from home | 3.9% | 10.6% |
| Average commute | 38.8 min | 25.9 min |
| Homes with broadband | 62.8% | 89.0% |
Weather in Banks
July highs average 81.1°F and January lows 14.4°F. About 48.3 inches of rain and melted snow fall a year, with 50.2 inches of snow (typical Pennsylvania town: 31.8 in). Expect about 3 days a year at 90°F or hotter and 156 nights at or below freezing.
Tornadoes, storms and disasters
10 tornadoes have passed within 10 miles of Banks since 1950, compared with 10 for the typical Pennsylvania town. 4 rated (E)F2 or stronger. The strongest, an F4, struck on May 31, 1985 about 5.5 miles from the town center and killed 8. Tornadoes within 10 miles have caused 9 deaths and 56 injuries since 1950. The most recent was on July 18, 2026.
Hail of 1 inch or larger has been reported within 10 miles 16 times; the largest was 1.75 inches on July 17, 1980.
Severe weather in Indiana County since 1996
Indiana County has been included in 18 federal disaster or emergency declarations since 1953, most often for flood, tornado, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| September 11, 2024 | Tropical Storm | DR-4815: Tropical Storm Debby |
| March 30, 2020 | Biological | DR-4506: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3441: Covid-19 |
| October 29, 2012 | Hurricane | EM-3356: Hurricane Sandy |
| April 16, 2010 | Snowstorm | DR-1898: Severe Winter Storms And Snowstorms |
Jobs and pay in Indiana County
Indiana County had 27,793 jobs in 2024, paying an average of $55,756 a year. Unemployment was 4.1% in 2023; in Banks itself the ACS puts it at 6.2%.
Towns near Banks
- Canoe, PA4.9 mi · 1,432 people · home $120,800
- Rossiter, PA4.9 mi · 537 people · home $95,500
- Gaskill, PA5.6 mi · 673 people · home $172,200
- Montgomery, PA6.5 mi · 1,430 people · home $112,200
- Bell, PA7.0 mi · 687 people · home $125,800
- Bell, PA7.1 mi · 2,010 people · home $172,600
- Grant, PA7.1 mi · 626 people · home $137,500
- Burnside, PA7.2 mi · 1,055 people · home $140,200
Banks questions
Is Banks, Pennsylvania a good place to retire?
On The Town Files lifestyle rankings, Banks scores better for retirees than 47% of Pennsylvania towns and quieter than 88%. 19.0% of residents are 65 or older (median age 36.2).
How much does a house cost in Banks?
The median owner-occupied home in Banks is valued at $144,400 (Census ACS 2020–2024), against a median household income of $58,750, so homes cost about 2.5 times income. Median rent is $811 a month.
What is the weather like in Banks?
July highs average 81.1°F and January lows 14.4°F (NOAA 1991–2020 normals). It gets about 48.3 inches of precipitation a year and 50.2 inches of snow.
Does Banks get tornadoes?
10 tornadoes have passed within 10 miles of Banks since 1950 (NOAA Storm Events); the strongest was a F4 on May 31, 1985. The typical Pennsylvania town has had 10.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)