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Bancroft, MI

Full City Profile · Michigan · Shiawassee County County

3.5 /5.0
B+ Good
571 Population 1,057/sq mi density
$80,000 Median Income $34,909 per capita
$117,000 Home Value $207,185 Zillow
$920 Median Rent 17.1% income on rent
48°F Avg Temperature 260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$80,000 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$117,000 home value, $920/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.0 / 5.0
13.0% bachelor's degree or higher

Bancroft, MI

At a Glance

Median Income
$80,000
6% above
$34,909 per capita
Home Value
$117,000
58% below
Zillow: $207,185
Median Rent
$920/mo
21% below
17.1% of income on rent
Violent Crime
0/100K
100% below
202/100K property
Bachelor's Degree+
13.0%
61% below
91.2% high school+
Unemployment
1.6%
56% below
8.5% poverty rate
Obesity Rate
38.7%
21% above
16.6% smoking rate
Avg Temperature
48°F
260 sunny days/yr

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)

Income
106%
Home Value
42%
Rent
79%
Poverty
69%
Bachelor's
39%
Unemployment
44%
Crime
0%
Thin vertical line = U.S. national average (100%)

Is Bancroft a Good Place to Live?

B+
3.5 / 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 $80,000 , which is 6% above the national average of $75,149. Per capita income is $34,909. The unemployment rate stands at 1.6% (56% below the U.S. rate of 3.6%). 8.5% of residents live below the poverty line. The area is home to 1,180 business establishments, including 110 restaurants.

Housing & Cost of Living

The median home value in Bancroft is $117,000 , 58% below the national median of $281,900. Zillow estimates the typical home at $207,185. Median rent is $920/month, with 17.1% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1938.

Safety & Crime

Bancroft reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 202/100K. The murder rate is 0.0/100K.

Education

13.0% of adults in Bancroft hold a bachelor's degree or higher (61% below the national average). 91.2% have completed high school. Local schools score 5.0/10 in standardized testing.

Climate & Weather

Bancroft has an average annual temperature of 48°F (9°C). Winters average 23°F in January while summers reach 71°F in July. The area gets 260 sunny days per year. Annual precipitation totals 33.6 inches. Air quality is rated Good with a median AQI of 38.

Data Overview

People

Population571
Median Age34.9 yrs
Density1,057/mi²
Male / Female44% / 56%
Foreign Born13.6%
Veterans7.7%

Economy

A
Median Income$80,000
Per Capita$34,909
Unemployment1.6%
Poverty8.5%
County GDP$2,377M
Avg Weekly Wage$988

Housing

A+
Home Value$117,000
Rent$920
Ownership68.9%
Zillow$207,185
Housing Units205
Rent Burden17.1%

Crime

C+
Violent0/100K
Property202/100K
Murder0.0/100K
Assault0/100K
Burglary0/100K

Health

Obesity38.7%
Diabetes10.0%
Smoking16.6%
Heart Disease6.1%
Premature Death8,145/100K

Climate

Avg Temp48°F
Sunny Days260/yr
Rain33.6 in/yr
AQI38 (Good)
Elevation855 ft

Education

C
Bachelor's+13.0%
High School+91.2%
Graduate+4.5%
School Score5.0/10

Community

2024 VoteR 61% / D 38%
Commute35 min
Broadband87.8%
Internet Speed149 Mbps
EV Stations3
Libraries11

Did You Know?

Bancroft was founded in 1841.
The median home in Bancroft was built in 1938.
The nearest airport is Bishop International (20 miles).
The Gini coefficient (income inequality) is 0.414 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
14.8% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 149 Mbps.
There are 110 restaurants in the area.
The county recorded 8 fatal vehicle crashes.