Banner Elk is a very small town located in the state of North Carolina. With a population of 1,088 people and two associated neighborhoods, Banner Elk is the 398th largest community in North Carolina. There's nothing like the smell of a brand new house, and in Banner Elk, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Banner Elk, and putting down their money on brand new construction. Banner Elk’s real estate is, on average, some of the newest in the nation. Banner Elk does seem to be experiencing an influx of affluent people, because the median household income is $66,607.00.

Also of interest is that Banner Elk has more people living here who work in computers and math than 95% of the places in the US.

Of important note, Banner Elk is also a town of artists. Banner Elk has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Banner Elk’s character.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.41% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Banner Elk is a place where college students are a big part of the character and culture of the town. Small towns have often struggled with declining populations over the past few decades, but the presence of such a large college student population has helped Banner Elk to fight this trend. Not only does the college population add spending and jobs to local economy, but it also contributes a very tangible, youthful energy to the town.

Another notable thing is that Banner Elk is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

One of the benefits of Banner Elk is that there is very little traffic. The average commute to work is 13.39 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

Banner Elk is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Do you like to read, write and learn? If you move to Banner Elk, you'll likely find that many of your neighbors like to as well. Banner Elk is one of the more educated communities in America, with a full 51.57% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Banner Elk in 2018 was $40,738, which is wealthy relative to North Carolina, and upper middle income relative to the rest of the US. This equates to an annual income of $162,952 for a family of four. However, Banner Elk contains both very wealthy and poor people as well.

Banner Elk is a very ethnically-diverse town. The people who call Banner Elk home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Banner Elk residents report their race to be White, followed by Black or African-American. Important ancestries of people in Banner Elk include English, German, Irish, Scottish, and Italian.

The most common language spoken in Banner Elk is English. Other important languages spoken here include Spanish and Hungarian.