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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
Change Over Time (2013, 2023)
Population Change
-6.7%
508 → 474
over 10 years
Annual Pop. Growth
-0.69%
Compound annual growth rate
Median Income Change
+87.6%
$42,639 → $80,000
nominal, not inflation-adjusted
Annual Income Growth
+6.49%
Compound annual growth rate
Population Over Time
Total population for Bancroft across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
452
-22 from 2023 (474)
Projected Median Income 2030
$124,237
+$44,237 from 2023 ($80,000)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 508 | - | $42,639 | - |
| 2015 | 506 | -0.4% | $40,625 | -4.7% |
| 2017 | 503 | -0.6% | $47,125 | +16% |
| 2019 | 497 | -1.2% | $48,750 | +3.4% |
| 2021 | 473 | -4.8% | $61,250 | +25.6% |
| 2023 | 474 | +0.2% | $80,000 | +30.6% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.