Bancroft, KY

Kentucky · Metropolitan Area

Bancroft is a small town in Kentucky with a population of 494. Residents earn $102,500 per year, which is 36% above the national average.

4.9 /5.0
A+ Excellent
494 Population 3,293/sq mi density
$102,500 Median Income $54,411 per capita
$357,100 Home Value
N/A Median Rent
58°F Avg Temperature
A+
Overall
4.9 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$102,500 median income, 3.0% unemployment
A+
Affordability
4.7 / 5.0
$357,100 home value
A+
Education
5.0 / 5.0
77.3% bachelor's degree or higher
Median Income $102,500
36% higher than US avg
Home Value $357,100
27% higher than US avg
Bachelor's+ 77.3%
129% higher than US avg
Unemployment 3.0%
17% lower than US avg
Poverty Rate 1.4%
89% lower than US avg

How Bancroft Compares to the U.S. Average (100% = U.S. avg)

People

Population494
Median Age53.4 yrs
Density3,293/mi²
Male / Female57% / 43%
Largest GroupWhite 76%

Economy

A+
Median Income$102,500
Per Capita$54,411
Unemployment3.0%
Poverty1.4%
County GDP$78,803M
Commute18 min

Housing

A+
Home Value$357,100
RentN/A
OwnershipN/A

Crime

ViolentN/A
PropertyN/A

Health

ObesityN/A
UninsuredN/A

Climate

Avg Temp58°F
AQI41 (Good)
Rain48.1 in/yr
Elevation595 ft

Education

A+
Bachelor's+77.3%
High School+100.0%
School Score5.50

Community

2024 VoteR 41% / D 57%
Commute18 min
Libraries18

Is Bancroft a Good Place to Live?

Based on current data, Bancroft receives an overall livability score of 4.9 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, a low poverty rate. Bancroft stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Bancroft is $102,500, which is significantly higher than the national average — 36% above $75,149. This places Bancroft among higher-income communities. Unemployment stands at 3.0%, indicating a healthy job market. Only 1.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 18 minutes, shorter than most U.S. cities.

Cost of Living & Housing

The median home value in Bancroft is $357,100, 27% above the national median. A price-to-income ratio of 3.5x indicates a reasonably affordable housing market.

Education

Bancroft is a highly educated community — 77.3% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 100.0% have completed high school. Area schools have an average test score of 5.5/10.

Climate & Weather

Bancroft enjoys a moderate climate with an average annual temperature of 58°F. Winters average 35°F in January while summers reach 79°F in July. Annual precipitation totals 48.1 inches. Air quality is rated Good with a median AQI of 41.

Bancroft has a population of 494 with a density of 3,293 people per square mile. The median age is 53.4 years, 37% older than the national median of 38.9. The city is predominantly White (75.9%), with 16.8% Black.

Population

494
Total Population
3,293
People / sq mi
53.4yrs
Median Age
37% above US avg
0.2mi²
Land Area

Gender Distribution

Male 56.7%
Female 43.3%

Race & Ethnicity

Bancroft vs U.S. Average

Language Spoken at Home

English Only95.7%
22% above US avg
Spanish4.3%
68% below US avg

Social Characteristics

Bancroft vs U.S. Average

The median household income in Bancroft is $102,500, which is 36% above the national average of $75,149. The unemployment rate is 3.0% (below the 3.6% US average). 1.4% of residents live below the poverty line. Workers commute an average of 18 minutes.

Income: Bancroft vs U.S.

Commute Mode

Income

Median HH Income$102,500
36% above US avg
Per Capita Income$54,411
Avg Weekly Wage$1,371
IRS Avg AGI$79,007

Employment & Poverty

Unemployment3.0%
17% below US avg
Poverty Rate1.4%
89% below US avg
Establishments (County)33,844
County GDP$78,803M

Business (County)

Restaurants1,860
Healthcare2,672
Retail2,571
Manufacturing675

Tax & Cost of Living

Property Tax (IRS)$5,192
48% above US avg
Effective Tax Rate1.45%

Commute & Transportation

Commute Time17.6 min
Work from Home14.9%

Walkability

The median home value in Bancroft is $357,100, 27% above the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$357,100
27% above US avg

Real Estate Market (Redfin)

$/Sq Ft$119
Homes Sold1
Sale-to-List Ratio100.0%
Price Drops100.0%
Inventory1

Rental Costs

HUD Fair Market Rent

Studio$719
1 Bedroom$794
2 Bedrooms$984
3 Bedrooms$1,277
4 Bedrooms$1,442

Ownership & Property

Owner-Occupied99.1%

Property Tax

Avg Tax (IRS)$5,192
48% above US avg
Effective Rate1.45%

Health Metrics: Bancroft vs U.S. Average (%)

Chronic Conditions

Behaviors & Mental Health

Healthcare Access

Insurance Rate98.6%
Premature Death12,652/100K

Food & Exercise

Food Environment8.0/10
Exercise Access91.3%
Healthcare Facilities2,672

Crime Rates: Bancroft vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)123

Safety Score

Bancroft has an average annual temperature of 58°F (14°C). Winters average 35°F in January while summers reach 79°F in July. Annual precipitation is 48.1 inches. Air quality is rated Good with a median AQI of 41.

Temperature

35°F Jan (2°C) 79°F Jul (26°C)
Annual Average57.8°F
7% above US avg
January Average35°F (2°C)
July Average79°F (26°C)

Precipitation & Snow

Annual Rainfall48.1 inches
27% above US avg

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation595 ft (181 m)
Area0.2 sq mi (0.4 km²)
Population Density3,293/sq mi
Coordinates38.2864°N, 85.6104°W
County FIPS21111
It is classified as Metro — 1 million+. 77.3% of residents hold a bachelor's degree or higher (129% above US avg). In the 2024 election, the county voted Democrat by a 16.6-point margin.

2024 Presidential Election (County)

R 40.9%
D 57.4%

Winner: Democrat by 16.6 points

Education

Bachelor's Degree+77.3%
129% above US avg
High School+100.0%
School Test Score5.50
A+ Education Grade (5.0/5.0)

Urban-Rural Classification

RUCC Code 1Metro — 1 million+
Population Density3,293/sq mi
Total Area0.2 sq mi

Infrastructure & Services

Public Libraries18
Healthcare Facilities2,672
Restaurants1,860
Retail Stores2,571

Safety & Disasters

Fatal Crashes (County/yr)123

Commute & Transportation

Avg Commute17.6 min
Work from Home14.9%

Nearby Cities

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