Bancroft, IA
Full City Profile · Iowa · Kossuth County County
3.6
/5.0
B+
Good
668
Population
1,193/sq mi density
$48,571
Median Income
$34,271 per capita
$88,200
Home Value
$165,644 Zillow
$713
Median Rent
34.2% income on rent
44°F
Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$48,571 median income, 0.9% unemployment
A+
Affordability
5.0 / 5.0
$88,200 home value, $713/mo rent
C
Education
2.1 / 5.0
13.2% bachelor's degree or higher
Income Overview
Median Household Income
$48,571
35% below
US avg: $75,149
Per Capita Income
$34,271
12% below
US avg: $39,052
Unemployment Rate
0.9%
75% below
US avg: 3.6%
Poverty Rate
12.2%
2% below
US avg: 12.4%
Income Comparison: Bancroft vs. U.S. Average
Each bar shows Bancroft’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$48,571
65%
Per Capita
US: $39,052
$34,271
88%
IRS Avg AGI
US: $72,000
$79,103
110%
Avg Weekly Wage
US: $1,432
$1,015
71%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,015
29% below US avg ($1,432)
Mean Commute Time
15 min
47% below US avg (28 min)
Work From Home
7.8%
49% below US avg (15.2%)
Drive Alone
82.4%
13% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,399M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
82.4%
Public Transit
0%
Work From Home
7.8%
Other
9.8%
Average commute time
15 minutes
US avg: 28 min
Business Landscape
Total Establishments
644
Restaurants
33
Healthcare
33
Retail
71
Manufacturing
29
Tax & Financial
IRS Avg Adjusted Gross Income
$79,103
10% above US avg ($72,000)
Avg Property Tax
$4,442
27% above US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $48,571 |
| Per Capita Income | $34,271 |
| IRS Avg Adjusted Gross Income | $79,103 |
| Avg Weekly Wage | $1,015 |
| County GDP | $1,399M |
Hardship Indicators
| Unemployment Rate | 0.9% |
| Poverty Rate | 12.2% |
| Gini Coefficient | 0.406 |
| Cost of Living Index | 87.8 |
Commute
| Mean Commute | 15 minutes |
| Drive Alone | 82.4% |
| Public Transit | 0.0% |
| Work From Home | 7.8% |
Businesses
| Total Establishments | 644 |
| Restaurants | 33 |
| Healthcare | 33 |
| Retail | 71 |
| Manufacturing | 29 |
Tax
| IRS Avg AGI | $79,103 |
| Avg Property Tax | $4,442 |