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CITY

Bancroft

Kentucky · 516 residents (2025 est.) · 0.152 sq mi
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The short version

Bancroft is significantly wealthier than the US average, with a median household income of $110,000. Population has declined 11% since 2000. 80% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $368,300. Poverty is rare here, at 2.3% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 43.8
US median: 38.9
More educated
80% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
479
−11%since 2000
from 536 in 2000
1990 – 2025
Population density
3,151 / sq mi
−11%since 2000
from 3,526 / sq mi in 2000
US average: 281
Median age
43.8
−4%since 2000
from 45.7 in 2000
US average: 38.9

PEP 2025 EST:516 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
4304785275766241990201020202024Bancroft
2024479
1990201020202024
Section 02

Income & economy

Median household income
$110,000
−24%inflation adjusted, since 2000
from $79,244 in 2000
US average: $82,259
1990 – 2024
Per capita income
$57,368
+52%since 2000
from $37,746 in 2000
US average: $44,673
Households earning $100K+
60.7%
−5.3 ptssince 2009
from 66.0% in 2009
US average: 53.3%
Poverty rate
2.3%
+1.9 ptssince 2000
from 0.4% in 2000
US average: 12.5%
Income inequality (Gini)
0.421
+35%since 2010
from 0.312 in 2010
US average: 0.476
Workforce by industry, 2024
Other services8.4%
US avg: 6.7%
Public administration6.9%
US avg: 4.8%
Wholesale trade5.4%
US avg: 6.9%
Information5.4%
US avg: 10.8%
Retail trade4.9%
US avg: 9.9%
Transportation & warehousing3.4%
US avg: 2.2%
Finance & insurance2%
US avg: 5.9%
Professional, scientific, technical2%
US avg: 5.1%
Arts, entertainment, food2%
US avg: 1.9%
Agriculture, forestry, fishing0.5%
US avg: 1.6%
Manufacturing0.5%
US avg: 0.4%
Construction0%
US avg: 1.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$368,300
+16%inflation adjusted, since 2000
from $175,000 in 2000
US average: $376,019
1990 – 2024
Owner-occupied
100.0%
+4.5 ptssince 2000
from 95.5% in 2000
0.0% rent
Vacancy rate
2.4%
+1.4 ptssince 2009
from 1.0% in 2009
US average: 10.0%
Owner cost-burdened
34.5%
+28.8 ptssince 2009
from 5.7% in 2009
US average: 22.9%
Afford Score
3.3
+52%since 2000
from 2.2 in 2000
1990 – 2024
Gentrification Score
48
RELATED:See current rent listings in Bancroft on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic88.2%(473)
Black5.2%(28)
Hispanic / Latino2.1%(11)
Asian3.5%(19)
Other0%
Diversity Score25.3%(135)
2024
White, non-Hispanic73.7%(353)
Black14.4%(69)
Hispanic / Latino4%(19)
Asian2.5%(12)
Other5.4%(26)
Diversity Score53.9%(258)
Diversity Score
54
+113%since 2000
from 25 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
79.6%
+22.8 ptssince 2000
from 56.8% in 2000
US average: 35.6%
High school or higher
99.4%
+1.3 ptssince 2000
from 98.1% in 2000
US average: 89.6%
Graduate degree
49.7%
+20.8 ptssince 2000
from 28.9% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
17.9 min
+70%since 2000
from 10.5 min in 2000
US average: 26.5
Drive alone to work
79.6%
−10.4 ptssince 2009
from 90.0% in 2009
US average: 68.9%
Carpooled to work
6.0%
−0.9 ptssince 2009
from 6.8% in 2009
US average: 8.5%
Public transit
0.0%
−1.2 ptssince 2009
from 1.2% in 2009
US average: 3.2%
Worked from home
14.4%
+12.4 ptssince 2009
from 2.0% in 2009
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.0%
+0.5 ptssince 2011
from 5.5% in 2011
US average: 5.2%
Labor force participation
57.9%
−6.1 ptssince 2011
from 64.0% in 2011
US average: 63.5%
Self-employed
18.2%
+9.0 ptssince 2009
from 9.3% in 2009
US average: 13.1%
Management & professional
67.0%
−14.5 ptssince 2009
from 81.5% in 2009
US average: 42.5%
Section 08

People & community

Male
58.9%
+5.2 ptssince 2009
from 53.7% in 2009
Female
41.1%
−5.2 ptssince 2009
from 46.3% in 2009
Foreign born
2.5%
−2.7 ptssince 2009
from 5.2% in 2009
US average: 14.1%
Veterans
2.7%
−49.1 ptssince 2009
from 51.9% in 2009
US average: 6.2%
With a disability
8.8%
+5.2 ptssince 2012
from 3.6% in 2012
US average: 13.3%
Uninsured
0.2%
−99.4 ptssince 2013
from 99.6% in 2013
US average: 8.4%
Broadband at home
99.5%
+9.3 ptssince 2017
from 90.2% in 2017
US average: 91.0%
English only at home
95.2%
+3.1 ptssince 2016
from 92.0% in 2016
US average: 77.7%
Spanish at home
2.1%
−1.4 ptssince 2016
from 3.5% in 2016
US average: 13.6%
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Compare Bancroft to nearby cities

BANCROFT VS
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Income$65,679−40%
Home value$276,800−25%
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BANCROFT VS
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BANCROFT VS
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Income$70,930−36%
Home value$216,800−41%
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BANCROFT VS
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Income$82,537−25%
Home value$336,000−9%
Population9,944+1827%
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Frequently asked

How many people live in Bancroft, Kentucky?

Bancroft, Kentucky has about 479 residents according to the 2024 American Community Survey.

What is the median household income in Bancroft, Kentucky?

The typical household in Bancroft, Kentucky earns about $110,000 a year. Half of households make more than that, and half make less.

Is Bancroft, Kentucky expensive?

In Bancroft, Kentucky, the median home is worth about $368,300.

How educated are people in Bancroft, Kentucky?

About 79.6% of adults age 25 and over in Bancroft, Kentucky hold a bachelor's degree or higher.

What is the poverty rate in Bancroft, Kentucky?

About 2.3% of people in Bancroft, Kentucky live below the federal poverty line.

Has Bancroft, Kentucky grown since 1990?

Yes, Bancroft, Kentucky has shrunk since 1990. The population has lost about 129 residents, a change of about -21 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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