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The total population of Bancroft is estimated to be 499 with 272 males (54.51%) and 227 females (45.49%). There are 45 less females than males in Bancroft.
The median household income in Bancroft was $99,309 in 2021, which marked an a decrease of 9,402(8.65%) from $108,711 in 2020. This income is 133.11% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Bancroft sees its highest median household income among householders in the age group of 25 to 44 years old, at $163,488. Overall, the median household income for the city of Bancroft stands at $99,309.
In Bancroft, the median income for all workers aged 15 years and older, regardless of work hours, was $60,351 for males and $48,304 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $108,767 for males and $85,122 for females.
In Bancroft, there are just three different racial groups among households. Among these, White households report a median household income of $125,656, followed by Asian households at $122,053, and Black or African American households with a median household income of $36,620.
In 2022, the population of Bancroft was 500, a 0.79% decrease year-by-year from 2021. Previously, in 2021, Bancroft's population was 504, a decline of 0.00% compared to a population of 504 in 2020.
The median age in Bancroft, KY is 53.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.09% were under the age of 15, 10.66% aged 15 to 29, 39.15% aged 30 to 64, 32.56% aged 65 to 84, and 1.55% were 85 years of age and older.
Racial distribution of Bancroft population: 78.29% are White, 15.50% are Black or African American, 3.68% are Asian, 0.78% are some other race and 1.74% are multiracial.