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The total population of Bancroft is estimated to be 466 with 282 males (60.52%) and 184 females (39.48%). There are 98 less females than males in Bancroft.
The median household income in Bancroft was $89,626 in 2021, which marked an an increase of 21,921(32.38%) from $67,705 in 2020. This income is 120.13% 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 $135,814. Overall, the median household income for the town of Bancroft stands at $89,626.
In Bancroft, the median income for all workers aged 15 years and older, regardless of work hours, was $68,174 for males and $27,988 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,693 for males and $36,481 for females.
In Bancroft, population is primarily represented by White households, reporting a median income of $90,226.
In 2022, the population of Bancroft was 384, a 0.52% decrease year-by-year from 2021. Previously, in 2021, Bancroft's population was 386, a decline of 0.52% compared to a population of 388 in 2020.
The median age in Bancroft, WV is 33.1, as per 2021 ACS 5-Year Estimates. Of the total population, 5.77% were under the age of 15, 44.02% aged 15 to 29, 35.04% aged 30 to 64, 15.17% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Bancroft population: 99.15% are White and 0.85% are multiracial.