Bancroft, KY
Population 494 · Kentucky
About Bancroft, KY
Bancroft is a small community located in Kentucky with a population of 494 residents according to the latest US Census Bureau American Community Survey data. The median household income is $102,500 per year, which is 36% above the national median of $75,149. The median age of 53.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Bancroft features a median home value of $357,100, which is 46% above the national median of $244,900. This positions Bancroft in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 228 total housing units, 99% are owner-occupied (220 units) and 1% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bancroft shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bancroft have an average one-way commute time of 17.6 minutes, one of the shorter commutes in the region.
Education & Demographics
77.3% of Bancroft residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.0% Hispanic or Latino, 3.6% Black or African American, and 0.4% Asian residents, with 3.2% of the population being foreign-born.
How Bancroft Ranks in Kentucky
Cost of Living in Bancroft, KY
Compared to national averages, Bancroft has a median household income of $102,500 (36% above the national median of $75,149). Home values average $357,100, which is 46% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Bancroft's income is 55% above the state average of $66,273, and home values are 96% above the state median of $182,504.
Why Live in Bancroft, KY?
Bancroft offers a strong local economy with a median household income of $102,500, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 77.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.0%, better than the national average, and short commute times averaging just 17.6 minutes.
Bancroft has a population of 494 with a median age of 53.4 years. Compare Bancroft with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Bancroft
Cities in Kentucky with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bancroft With Other Cities
Frequently Asked Questions about Bancroft
What is the population of Bancroft, KY?
The population of Bancroft, KY is 494 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Bancroft?
The median household income in Bancroft, KY is $102,500 per year, which is 36% above the national median of $75,149.
What is the median home value in Bancroft?
The median home value in Bancroft, KY is $357,100, which is 46% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bancroft?
The median monthly rent in Bancroft, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Bancroft?
The unemployment rate in Bancroft, KY is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bancroft, KY a good place to live?
Bancroft offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 494 and a median age of 53.4, the city appeals to established professionals and retirees.
How educated is Bancroft, KY?
77.3% of residents in Bancroft aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Bancroft?
Key cost-of-living indicators for Bancroft, KY: median home value is $357,100 (46% above national), median rent is $0/month, and median household income is $102,500. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bancroft?
The poverty rate in Bancroft, KY is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bancroft, KY?
Bancroft's population is 0.6% White, 0.0% Hispanic or Latino, 3.6% Black or African American, 0.4% Asian, and 15.0% two or more races. 3.2% of residents are foreign-born.