Red Banks, MS Profile: Facts & Data

The Red Banks CDP⁽¹⁾ had a population of 219 as of July 1, 2024. Red Banks ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Mississippi. See peer rankings below.

The primary coordinate point for Red Banks is located at latitude 34.8282 and longitude -89.5645 in Marshall County. Marshall County is in the Central time zone (GMT -6).

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Red Banks, MS Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	219 (100%)
Population in Households	219 (100.0%)
Population in Families	170 (77.6%)
Population in Group Quarters¹	0
Population Density	82
Diversity Index²	66


INCOME
Median Household Income	$90,659
Average Household Income	$111,934
% of Income for Mortgage⁴	16%
Per Capita Income	$44,978
Wealth Index⁵	111
Socioeconomic Status Index⁶	High (65.1)

HOUSING
Total HU (Housing Units)	112 (100%)
Owner Occupied HU	72 (64.3%)
Renter Occupied HU	16 (14.3%)
Vacant Housing Units	24 (21.4%)
Median Home Value	$225,000
Average Home Value	$295,486
Housing Affordability Index³	166

HOUSEHOLDS
Total Households	88
Average Household Size	2.49
Family Households	68
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Red Banks, MS - Peer Comparisons by Rank and Percentile

The table below compares Red Banks to the other 427 incorporated cities, towns and CDPs in Mississippi by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.43%	-0.74%
Households	-1.54%	0.23%
Families		-1.21%
Median Household Income		4.55%
Per Capita Income		3.63%
Owner Occupied HU		2.38%

Variable Description	Rank	Percentile
Total Population	# 348	19th
Population Density	# 392	8th
Median Household Income	# 10	98th
Housing Affordability Index	# 315	74th
Per Capita Income	# 14	97th
Diversity Index	# 20	96th

Red Banks, MS Profile: Facts & Data

Red Banks, Mississippi - Basic Facts

Red Banks, MS Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Red Banks, MS - Peer Comparisons by Rank and Percentile

Red Banks, MS - Most Popular Things to Do

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