Banquete is a city located in Texas. In 2020, the population was 520 and the median household income was $32,222. Ninety-six percent of the population of the city was American citizens. The remaining 9.42% were born outside of the United States. In the census of 2020, the majority of people in Banquete were White (Hispanic) and the third largest ethnic group was Black or African American (Non-Hispanic).
The median property value in Banquete is $81,200. This is 0.353 times smaller than the national average. In 2020, the homeownership rate was 100 percent, which is higher than the national average of 64.4%. The median commute time in Banquete is 19.8 minutes and the median household owns two cars.
The percentage of households that live below the poverty line is higher for Hispanics, Whites, and Blacks, respectively. The Census Bureau uses a set of income thresholds to determine poverty levels. These thresholds vary depending on family size. For a family to be considered poor, the total income has to be below the threshold.
In Texas, males earn 1.39 times more than females. While males have higher incomes than females, the average female household income is $50,589. Income inequality in Texas is 0.478 compared to the national average. Banquete, TX is home to 211 people. Its top three industries are Health Care & Social Assistance (88 people), Education Services (32 people), and Construction (25 people). These industries are responsible for the highest salaries in Banquete.