At a Glance
Median Income
$48,571
$34,271 per capita
Home Value
$88,200
Zillow: $165,644
Median Rent
$713/mo
34.2% of income on rent
Bachelor's Degree+
13.2%
96.2% high school+
Unemployment
0.9%
12.2% poverty rate
Obesity Rate
40.2%
17.2% smoking rate
How Bancroft Compares to the U.S. Average
Each bar shows Bancroft's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Bancroft a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Bancroft residents earn a median household income of $48,571 , which is 35% below the national average of $75,149.
Per capita income is $34,271. The unemployment rate stands at 0.9% (75% below the U.S. rate of 3.6%). 12.2% of residents live below the poverty line. The area is home to 644 business establishments, including 33 restaurants.
Housing & Cost of Living
The median home value in Bancroft is $88,200 , 69% below the national median of $281,900.
Zillow estimates the typical home at $165,644. Median rent is $713/month, with 34.2% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1959.
Education
13.2% of adults in Bancroft hold a bachelor's degree or higher
(61% below the national average).
96.2% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Bancroft has an average annual temperature of 44°F (7°C).
Winters average 13°F in January while summers reach 70°F in July. Annual precipitation totals 32.9 inches.
Data Overview
People
Population668
Median Age34.3 yrs
Density1,193/mi²
Male / Female48% / 52%
Foreign Born0.0%
Veterans6.9%
Economy
B+
Median Income$48,571
Per Capita$34,271
Unemployment0.9%
Poverty12.2%
County GDP$1,399M
Avg Weekly Wage$1,015
Housing
A+
Home Value$88,200
Rent$713
Ownership68.1%
Zillow$165,644
Housing Units301
Rent Burden34.2%
Health
Obesity40.2%
Diabetes10.2%
Smoking17.2%
Heart Disease5.8%
Premature Death7,364/100K
Climate
Avg Temp44°F
Rain32.9 in/yr
Elevation1,180 ft
Education
C
Bachelor's+13.2%
High School+96.2%
Graduate+2.1%
School Score5.7/10
Community
2024 VoteR 71% / D 27%
Commute15 min
Broadband94.7%
Internet Speed66 Mbps
EV Stations2
Libraries11
Did You Know?
Bancroft was founded in 1881.
The median home in Bancroft was built in 1959.
The nearest airport is Fort Dodge Regional (51 miles).
The Gini coefficient (income inequality) is 0.406 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
13.1% of the population has a disability.
The county recorded 3 fatal vehicle crashes.