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Bancroft, ON
Full City Profile · Ontario
Bancroft, ON
At a Glance
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)
Is Bancroft a Good Place to Live?
Economy & Jobs
Bancroft residents earn a median household income of $57,200 , which is 24% below the national average of $75,149. Per capita income is $38,040. The unemployment rate stands at 11.8% (228% above the U.S. rate of 3.6%). 19.8% of residents live below the poverty line. The area is home to 126 business establishments.
Housing & Cost of Living
The median home value in Bancroft is $348,000 , 23% above the national median of $281,900. Median rent is $860/month, with 21.7% of renters spending more than 30% of income on housing.
Education
7.4% of adults in Bancroft hold a bachelor's degree or higher (78% below the national average). 32.0% have completed high school.
Climate & Weather
Bancroft has an average annual temperature of 40°F (4°C). Winters average 12°F in January while summers reach 65°F in July. The area gets 270 sunny days per year. Annual precipitation totals 36.7 inches.