Median Income
$57,200
24% lower than US avg
Home Value
$348,000
23% higher than US avg
Bachelor's+
7.4%
78% lower than US avg
Median Rent
$860
26% lower than US avg
Unemployment
11.8%
228% higher than US avg
Poverty Rate
19.8%
60% higher than US avg
How Bancroft Compares to the U.S. Average (100% = U.S. avg)
People
Population4,065
Median Age56.0 yrs
Density46/mi²
Male / Female46% / 54%
Largest GroupWhite 97%
Economy
C
Median Income$57,200
Per Capita$38,040
Unemployment11.8%
Poverty19.8%
Commute21 min
Housing
B
Home Value$348,000
Rent$860
Ownership65.6%
Housing Units1,800
Rent Burden21.7%
Climate
Avg TempN/A
AQIN/A
Elevation1,083 ft
Education
D
Bachelor's+7.4%
High School+32.0%
Graduate+1.8%
Is Bancroft a Good Place to Live?
Based on current data, Bancroft receives an overall livability score of 2.3 out of 5.0, earning a grade of C. Areas to be aware of include above-average unemployment, an elevated poverty rate, below-average incomes. Bancroft has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Bancroft is $57,200, 24% below the national average of $75,149. At 11.8%, unemployment is notably high. The poverty rate of 19.8% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 21 minutes.
Cost of Living & Housing
The median home value in Bancroft is $348,000, 23% above the national median. Renters pay a median of $860 per month, below the national average — a plus for affordability. The price-to-income ratio of 6.1x means housing costs are stretched relative to local earnings.
Education
7.4% of residents hold a bachelor's degree, below the national average of 33.7%. 32.0% have completed high school.
Bancroft has a population of 4,065 with a density of 46 people per square mile. The median age is 56.0 years, 44% older than the national median of 38.9. The city is predominantly White (97.4%).
Population
4,065
Total Population
2021 Census
56.0yrs
Median Age
44% above US avg
Language Spoken at Home
| English Only | 94.5% |
| 20% above US avg |
| Spanish | 1.1% |
| 92% below US avg |
| Other Languages | 4.4% |
The median household income in Bancroft is $57,200, which is 24% below the national average of $75,149. The unemployment rate is 11.8% (above the 3.6% US average). 19.8% of residents live below the poverty line. Workers commute an average of 21 minutes.
Income
| Median HH Income | $57,200 |
| 24% below US avg |
| Per Capita Income | $38,040 |
Employment & Poverty
| Unemployment | 11.8% |
| 228% above US avg |
| Poverty Rate | 19.8% |
| 60% above US avg |
Commute & Transportation
| Commute Time | 20.9 min |
| Drive Alone | 83.9% |
| Public Transit | 0.9% |
| Work from Home | 16.5% |
The median home value in Bancroft is $348,000, 23% above the national average. Monthly rent averages $860 (26% below US avg). 65.6% of homes are owner-occupied.
Home Values
| Census Median | $348,000 |
| 23% above US avg |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $860 |
| 26% below US avg |
| Rent Burden | 21.7% |
Ownership & Property
| Homeownership | 65.6% |
| Owner-Occupied | 65.6% |
| Renter-Occupied | 34.4% |
| Housing Units | 1,800 |
Property Tax
Health Metrics: Bancroft vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
Food & Exercise
Crime Rates: Bancroft vs U.S. Average (per 100,000)
Geography
| Elevation | 1,083 ft (330 m) |
| Area | 87.9 sq mi (227.5 km²) |
| Population Density | 46/sq mi |
| Coordinates | 45.0575°N, 77.8570°W |
| Timezone | America/Toronto |