Bancroft city, Kentucky Demographics & Population 2026

Population Overview

Bancroft city is a small community located in Kentucky. The total population is 494. It ranks as the 357th most populous out of 552 cities and towns in Kentucky.

Age Demographics

The median age in Bancroft city is 53.4 years. This is 37% higher than the state median of 39.1 years. 22.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Bancroft city is $102,500. This is 64% higher than the state median of $62,417. Compared to the national median of $78,538, household income here is 31% higher. The poverty rate stands at 2.0%. This is 87% lower than the state poverty rate of 16.1%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 5.4%. This is 11% higher than the state rate of 4.8%. The median home value is $357,100. Housing costs are 86% higher than the state median of $192,300. The home-value-to-income ratio is 3.5x. 99.1% of occupied housing units are owner-occupied. This homeownership rate is 45% higher than the state average of 68.3%.

Race & Ethnicity

The largest racial or ethnic group in Bancroft city is White (non-Hispanic), making up 74.3% of the population. Black or African American residents account for 15.0%. The Black or African American population is significantly higher than the state average (15.0% vs 7.8%). The Asian population is significantly higher than the state average (3.2% vs 1.5%).

Education

77.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Bancroft city in the top 10% of all cities in the state for educational attainment. This is 186% higher than the state rate of 27.0%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 100.0%. Notably, 46.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Bancroft city, Kentucky is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Kentucky state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 552 Census-designated places in Kentucky. For official data, visit data.census.gov.