Bancroft, WV

Full City Profile · West Virginia · Putnam County County

3.6 /5.0
B+ Good
472 Population 3,371/sq mi density
$75,938 Median Income $49,631 per capita
$114,100 Home Value $94,452 Zillow
$815 Median Rent 31.9% income on rent
56°F Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$75,938 median income, 0.8% unemployment
A+
Affordability
5.0 / 5.0
$114,100 home value, $815/mo rent
F
Education
1.4 / 5.0
5.5% bachelor's degree or higher

Bancroft, WV

At a Glance

Median Income
$75,938
1% above
$49,631 per capita
Home Value
$114,100
60% below
Zillow: $94,452
Median Rent
$815/mo
30% below
31.9% of income on rent
Bachelor's Degree+
5.5%
84% below
91.4% high school+
Unemployment
0.8%
78% below
10.4% poverty rate
Obesity Rate
39.7%
24% above
20.2% smoking rate
Avg Temperature
56°F

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
101%
Home Value
40%
Rent
70%
Poverty
84%
Bachelor's
16%
Unemployment
22%
Thin vertical line = U.S. national average (100%)

Is Bancroft a Good Place to Live?

B+
3.6 / 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 $75,938 , which is 1% above the national average of $75,149. Per capita income is $49,631. The unemployment rate stands at 0.8% (78% below the U.S. rate of 3.6%). 10.4% of residents live below the poverty line. The area is home to 1,894 business establishments, including 100 restaurants.

Housing & Cost of Living

The median home value in Bancroft is $114,100 , 60% below the national median of $281,900. Zillow estimates the typical home at $94,452. Median rent is $815/month, with 31.9% of renters spending more than 30% of income on housing. The cost of living index is 89.5 (100 = national average). The median home was built in 1970.

Education

5.5% of adults in Bancroft hold a bachelor's degree or higher (84% below the national average). 91.4% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

Bancroft has an average annual temperature of 56°F (13°C). Winters average 34°F in January while summers reach 76°F in July. Annual precipitation totals 39.5 inches.

Data Overview

People

Population472
Median Age29.9 yrs
Density3,371/mi²
Male / Female54% / 46%
Foreign Born1.3%
Veterans9.0%

Economy

A
Median Income$75,938
Per Capita$49,631
Unemployment0.8%
Poverty10.4%
County GDP$3,832M
Avg Weekly Wage$1,238

Housing

A+
Home Value$114,100
Rent$815
Ownership81.2%
Zillow$94,452
Housing Units237
Rent Burden31.9%

Health

Obesity39.7%
Diabetes12.4%
Smoking20.2%
Heart Disease6.3%
Premature Death9,065/100K

Climate

Avg Temp56°F
Rain39.5 in/yr
Elevation574 ft

Education

F
Bachelor's+5.5%
High School+91.4%
Graduate+1.5%
School Score6.0/10

Community

2024 VoteR 72% / D 26%
Commute26 min
Broadband63.5%
Internet Speed69 Mbps
EV Stations1
Libraries5

Did You Know?

The median home in Bancroft was built in 1970.
The nearest airport is West Virginia International Yeager (16 miles).
The Gini coefficient (income inequality) is 0.424 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
13.3% of the population has a disability.
The county recorded 5 fatal vehicle crashes.