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Banks County, Georgia Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Banks County, Georgia need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Georgia

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.46 7.33 4.83 8.11 0.00 6.56
  Total Electric Industry 7.46 7.33 4.83 8.11 0.00 6.56
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.50 7.36 4.78 8.54 0.00 6.56
  Total Electric Industry 7.50 7.36 4.78 8.54 0.00 6.56
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 7.50 4.76 8.70 0.00 6.67
  Total Electric Industry 7.73 7.50 4.76 8.70 0.00 6.67
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.79 7.44 4.74 8.50 0.00 6.71
  Total Electric Industry 7.79 7.44 4.74 8.50 0.00 6.71
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.72 7.33 4.57 8.71 0.00 6.57
  Total Electric Industry 7.72 7.33 4.57 8.71 0.00 6.57
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.85 7.32 4.52 8.60 0.00 6.62
  Total Electric Industry 7.85 7.32 4.52 8.60 0.00 6.62
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.66 7.17 4.29 8.96 0.00 6.43
  Total Electric Industry 7.66 7.17 4.29 8.96 0.00 6.43
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.74 7.11 4.13 9.05 0.00 6.37
  Total Electric Industry 7.74 7.11 4.13 9.05 0.00 6.37
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.67 7.01 4.23 8.99 0.00 6.40
  Total Electric Industry 7.67 7.01 4.23 8.99 0.00 6.40
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.56 6.67 4.15 8.47 0.00 6.24
  Total Electric Industry 7.56 6.67 4.15 8.47 0.00 6.24
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.60 6.50 4.10 8.51 0.00 6.21
  Total Electric Industry 7.60 6.50 4.10 8.51 0.00 6.21
2001              
  Full-Service Providers 7.72 6.61 4.28 8.56 0.00 6.39
  Total Electric Industry 7.72 6.61 4.28 8.56 0.00 6.39
2002              
  Full-Service Providers 7.63 6.46 3.95 8.31 0.00 6.24
  Total Electric Industry 7.63 6.46 3.95 8.31 0.00 6.24
2003              
  Full-Service Providers 7.70 6.66 4.02 0.00 4.81 6.32
  Total Electric Industry 7.70 6.66 4.02 0.00 4.81 6.32
2004              
  Full-Service Providers 7.86 6.88 4.43 0.00 5.12 6.58
  Total Electric Industry 7.86 6.88 4.43 0.00 5.12 6.58
2005              
  Full-Service Providers 8.64 7.67 5.28 0.00 5.90 7.43
  Total Electric Industry 8.64 7.67 5.28 0.00 5.90 7.43
2006              
  Full-Service Providers 8.91 7.81 5.38 0.00 6.12 7.63
  Total Electric Industry 8.91 7.81 5.38 0.00 6.12 7.63

(updated 2006)



Time Leaving to Work in Banks County, Georgia

12:00 A.M. TO 4:59 A.M.   : 298   (4.5%)
5:00 A.M. TO 5:29 A.M.   : 182   (2.7%)
5:30 A.M. TO 5:59 A.M.   : 328   (4.9%)
6:00 A.M. TO 6:29 A.M.   : 613   (9.2%)
6:30 A.M. TO 6:59 A.M.   : 749   (11.2%)
7:00 A.M. TO 7:29 A.M.   : 1,285   (19.2%)
7:30 A.M. TO 7:59 A.M.   : 1,286   (19.3%)
8:00 A.M. TO 8:29 A.M.   : 544   (8.1%)
8:30 A.M. TO 8:59 A.M.   : 230   (3.4%)
9:00 A.M. TO 9:59 A.M.   : 159   (2.4%)
10:00 A.M. TO 10:59 A.M.   : 68   (1.0%)
11:00 A.M. TO 11:59 A.M.   : 28   (0.4%)
12:00 P.M. TO 3:59 P.M.   : 420   (6.3%)
4:00 P.M. TO 11:59 P.M.   : 486   (7.3%)


(updated 2010)



Means Of Transportation
(Banks County, Georgia)

Car, truck, or van:

Drove alone : 5,595

Carpooled:

In 2-person carpool : 725

In 3-person carpool : 121

In 4-person carpool : 31

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 66

Public transportation (excluding taxicab):

Bus or trolley bus : 40

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 9

Bicycle : 0

Walked : 162

Other means : 39

Worked at home : 443


(updated 2009)



Travel Time To Work
(Banks County, Georgia)

Less than 5 minutes : 354

5 to 9 minutes : 562

10 to 14 minutes : 797

15 to 19 minutes : 889

20 to 24 minutes : 872

25 to 29 minutes : 291

30 to 34 minutes : 1,169

35 to 39 minutes : 246

40 to 44 minutes : 376

45 to 59 minutes : 701

60 to 89 minutes : 384

90 or more minutes : 147


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Banks County, Georgia)

With Social Security income : 1,807

No Social Security income : 4,006


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Banks County, Georgia)

With retirement income : 780

No retirement income : 5,033


(updated 2009)



Family Income (Annual)
(Banks County, Georgia)

Less than $10,000 : 211

$10,000 to $14,999 : 198

$15,000 to $19,999 : 297

$20,000 to $24,999 : 233

$25,000 to $29,999 : 301

$30,000 to $34,999 : 219

$35,000 to $39,999 : 292

$40,000 to $44,999 : 340

$45,000 to $49,999 : 252

$50,000 to $59,999 : 378

$60,000 to $74,999 : 521

$75,000 to $99,999 : 504

$100,000 to $124,999 : 283

$125,000 to $149,999 : 127

$150,000 to $199,999 : 103

$200,000 or more : 78


(updated 2009)



Median Family Income (Annual)
(Banks County, Georgia)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $46,025


(updated 2009)



Occupations in Banks County, Georgia

Male:


  • Management, Professional, And Related Occupations: 605  (15.5%)
  • Service Occupations: 373  (9.6%)
  • Sales And Office Occupations: 406  (10.4%)
  • Farming, Fishing, And Forestry Occupations 67  (1.7%)
  • Construction, Extraction, And Maintenance Occupations: 1,157  (29.7%)

Female:


  • Management, Professional, And Related Occupations: 892  (27.8%)
  • Service Occupations: 503  (15.7%)
  • Sales And Office Occupations: 1,209  (37.7%)
  • Farming, Fishing, And Forestry Occupations 52  (1.6%)
  • Construction, Extraction, And Maintenance Occupations: 28  (0.9%)


(updated 2010)





Employment Rate In Banks County, Georgia

Employed: 9,414
Unemployed: 316



Minority Owned Firms of 100 or More in
Banks County, Georgia

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 0.0%
  • Other: 100%



Water Usage In Banks County, Georgia

Ground Water

 
Fresh 0.00 Mgal/d
Saline 0.00 Mgal/d

Total 0.00 Mgal/d
 

Surface Water

 
Fresh 1.23 Mgal/d
Saline 0.00 Mgal/d

Total 1.23 Mgal/d





There are 491 Farms In Banks County, Georgia


(updated 2008)



Banks In Banks County, Georgia

Regions Bank - 1 Branches


    Bank Assets: $117.9m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

Northeast Georgia Bank - 1 Branches


    Bank Assets: $404.6k
    Industry Specialization: Commercial Lending
    Total Offices: 12

Certusbank, National Association - 1 Branches


    Bank Assets: $1.5m
    Industry Specialization: Commercial Lending
    Total Offices: 32

(updated 2014)







Airports Near Banks County, Georgia

  • Jackson County


    (about 12.3 miles in Jefferson, Georgia; Airport Code: GA4)

  • Gainesville Municipal


    (about 18.8 miles in Gainesville, Georgia; Airport Code: GVL)

  • Lee Gilmer Memorial


    (about 18.9 miles in Gainesville, Georgia; Airport Code: GVL)

  • Winder Barrow


    (about 26.8 miles in Winder, Georgia; Airport Code: WDR)

  • Barrow County


    (about 26.9 miles in Winder, Georgia; Airport Code: WDR)

  • Athens/Ben Epps


    (about 29.7 miles in Athens, Georgia; Airport Code: AHN)

  • Athens Municipal


    (about 29.7 miles in Athens, Georgia; Airport Code: AHN)

  • Gwinnett County - Briscoe Field


    (about 36.3 miles in Lawrenceville, Georgia; Airport Code: LZU)

  • Clemson-Oconee County


    (about 42.0 miles in Seneca, South Carolina; Airport Code: CEU)

  • Oconee County Regional


    (about 42.0 miles in Seneca, South Carolina; Airport Code: CEU)

  • Beaver Ruin


    (about 46.4 miles in Norcross, Georgia; Airport Code: JAO)

  • Anderson Regional


    (about 46.8 miles in Anderson, South Carolina; Airport Code: AND)

  • Stone Mountain Airport


    (about 50.9 miles in Stone Mountain, Georgia; Airport Code: SMT)

  • Dekalb Peachtree


    (about 55.8 miles in Atlanta, Georgia; Airport Code: PDK)

  • Pickens County


    (about 56.0 miles in Liberty, South Carolina; Airport Code: LQK)

  • Dobbins ARB


    (about 64.8 miles in Marietta, Georgia; Airport Code: MGE)

  • Dobbins ARB


    (about 64.8 miles in Marietta, Georgia; Airport Code: NCQ)

  • Dobbins AFB


    (about 65.0 miles in Marietta, Georgia; Airport Code: MGE)

  • Perimeter Mall Helipad


    (about 65.7 miles in Atlanta, Georgia; Airport Code: JAJ)

  • Perimeter Mall


    (about 65.7 miles in Atlanta, Georgia; Airport Code: JAJ)


(updated 2015)



Modes of Transportation in Banks County, Georgia

Car, Truck, Or Van:

 

Drove Alone

78.71%

Carpooled

14.95%

Public Transportation:

 

Bus Or Trolley Bus

0.36%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.13%

Bicycle

0.0%

Walked

1.21%

Other Means

1.00%

Worked At Home

3.64%



(updated 2010)





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