Bancroft, NE
Population 590 · Nebraska
About Bancroft, NE
Bancroft is a small community located in Nebraska with a population of 590 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,563 per year, which is 38% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bancroft features a median home value of $89,300, which is 64% below the national median of $244,900. This makes Bancroft one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $851, 27% below the national average of $1,163/month. Of the 298 total housing units, 72% are owner-occupied (200 units) and 28% are renter-occupied (77 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bancroft shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bancroft have an average one-way commute time of 22.1 minutes.
Education & Demographics
20.5% of Bancroft residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.7% White, 4.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Bancroft, NE
Compared to national averages, Bancroft has a median household income of $46,563 (38% below the national median of $75,149). Home values average $89,300, which is 64% below the national median. Monthly rent at $851 is 27% below the US average of $1,163. Within Nebraska, Bancroft's income is 29% below the state average of $65,895, and home values are 29% below the state median of $125,824.
Why Live in Bancroft, NE?
Bancroft offers affordable housing with a median home value of $89,300, below the US average of $244,900, and rent that’s lower than the national average at $851/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 11.9%, better than the national average, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($46,563) that falls below the national average. However, Bancroft’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bancroft has a population of 590 with a median age of 38.2 years. Compare Bancroft with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Bancroft
Cities in Nebraska with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
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, NE?
The population of Bancroft, NE is 590 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Bancroft?
The median household income in Bancroft, NE is $46,563 per year, which is 38% below the national median of $75,149.
What is the median home value in Bancroft?
The median home value in Bancroft, NE is $89,300, which is 64% below 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, NE is $851, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Bancroft?
The unemployment rate in Bancroft, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bancroft, NE a good place to live?
Bancroft offers a moderate cost of living, affordable housing, and a strong job market. With a population of 590 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Bancroft, NE?
20.5% of residents in Bancroft aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bancroft?
Key cost-of-living indicators for Bancroft, NE: median home value is $89,300 (64% below national), median rent is $851/month, and median household income is $46,563. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bancroft?
The poverty rate in Bancroft, NE is 11.9%, 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, NE?
Bancroft's population is 1.7% White, 4.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.