Last updated: 2024 BLS data · Page refreshed:
Bancroft has a population of 593 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 593 |
| Median Age | 37.8 |
| White | 89.2% |
| Hispanic or Latino | 1.7% |
| Other / Two or More Races | 9.1% |
The median household income in Bancroft is $50,833, which is 36.9% below the national median of $80,610. The per capita income is $34,862. The poverty rate is 5.1%.
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In Bancroft, 98.5% of residents age 25+ have a high school diploma or higher, and 25.1% hold a bachelor's degree or higher (7.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.5% |
| Bachelor's Degree or Higher | 25.1% |
| Graduate or Professional Degree | 7.0% |
The median home value in Bancroft is $122,500, below the national median of $303,400. The median monthly rent is $826. The homeownership rate is 70.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $122,500 |
| Median Monthly Rent | $826 |
| Homeownership Rate | 70.6% |
| Vacancy Rate | 13.1% |
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