Last updated: 2024 BLS data · Page refreshed:
Bancroft has a population of 626 with a median age of 35.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 626 |
| Median Age | 35.6 |
| White | 94.6% |
| Black or African American | 0.5% |
| Hispanic or Latino | 1.9% |
| Other / Two or More Races | 3.0% |
The median household income in Bancroft is $60,000, which is 25.6% below the national median of $80,610. The per capita income is $40,823. The poverty rate is 10.1%.
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In Bancroft, 95.4% of residents age 25+ have a high school diploma or higher, and 13.3% hold a bachelor's degree or higher (1.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.4% |
| Bachelor's Degree or Higher | 13.3% |
| Graduate or Professional Degree | 1.9% |
The median home value in Bancroft is $120,700, below the national median of $303,400. The median monthly rent is $725. The homeownership rate is 75.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $120,700 |
| Median Monthly Rent | $725 |
| Homeownership Rate | 75.5% |
| Vacancy Rate | 11.9% |
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