Bancroft is a city located in Minnesota. Bancroft has a 2024 population of 781. Bancroft is currently declining at a rate of -0.26% annually and its population has decreased by -1.14% since the most recent census, which recorded a population of 790 in 2020.
The average household income in Bancroft is $134,750 with a poverty rate of 2.99%. The median age in Bancroft is 44.1 years: 44.2 years for males, and 43.8 years for females.
According to the most recent ACS, the racial composition of Bancroft was:
White
Two or more races
Other race
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 313 | 2.88 | 95.2 | 4.8 |
| Married | 237 | 3.16 | 99.2 | 0.8 |
| Non Family | 63 | 1.11 | 79.4 | 20.6 |
| Male | 7 | 10 | 100 | 0 |
| Female | 6 | 2.17 | 100 | 0 |
3.25
Average Family Size
2.88
Average Household Size
95.2%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among white people with a rate of 91.83%.
The highest rate of bachelors degrees is among 2+ races people with a rate of 60%.
All
Male
Female
$57,375
Average Earnings
$65,000
Average Male
$53,681
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
97.71% of Bancroft residents speak only English, while 2.29% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.81% of the population.
rate
2.99%
Overall Poverty Rate
2.21%
Male Poverty Rate
3.94%
Female Poverty Rate
The race most likely to be in poverty in Bancroft is White, with 3.35% below the poverty level.
The race least likely to be in poverty in Bancroft is White, with 3.35% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 7.69%, and for those that did not work, the poverty rate was 2.26%.
Married
Widowed
Divorced
Separated
NeverMarried
61.7%
Overall Marriage Rate
55.2%
Male Marriage Rate
69.9%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 55-64.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
4.76%
Veteran Poverty Rate
28.57%
Veteran Disability Rate
LaborForceParticipation
59.8%
Labor Force Participation
57.5%
Employment Rate
3.2%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
78.07%
Born in Bancroft
98.34%
Native Born
1.66%
Foreign Born
0.33%
Non Citizen
1.33%
Naturalized
98.34% of Bancroft residents were born in the United States, with 78.07% having been born in Minnesota. 0.33% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 771 | -2 | -0.26% |
| 2028 | 773 | -2 | -0.26% |
| 2027 | 775 | -2 | -0.26% |
| 2026 | 777 | -2 | -0.26% |
| 2025 | 779 | -2 | -0.26% |
| 2024 | 781 | -2 | -0.26% |
| 2023 | 783 | -2 | -0.25% |
| 2022 | 785 | -2 | -0.25% |
| 2021 | 787 | -3 | -0.38% |
| 2020 | 790 | -20 | -2.47% |
| 2019 | 810 | -5 | -0.61% |
| 2018 | 815 | -1 | -0.12% |
| 2017 | 816 | 6 | 0.74% |
| 2016 | 810 | -5 | -0.61% |
| 2015 | 815 | -7 | -0.85% |
| 2014 | 822 | -5 | -0.6% |
| 2013 | 827 | -3 | -0.36% |
| 2012 | 830 | -2 | -0.24% |
| 2011 | 832 | -2 | -0.24% |
| 2010 | 834 | 0 | 0% |