Bancroft, Kentucky Demographics & Population 2026

A note before these figures: with a population of 479, Bancroft's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Bancroft is a small community located in Kentucky, within Jefferson County. The total population is 479. It ranks as the 353rd most populous out of 552 Census-designated places in Kentucky.

Age Demographics

The median age in Bancroft is 43.8 years. This is 12% higher than the state median of 39.1 years. 21.1% 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 is $110,000. This is 73% higher than the state median of $63,726. It is also 36% higher than the national median of $80,734. The poverty rate stands at 2.3%. This is 86% 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 6.0%. This is 24% higher than the state rate of 4.9%. The median home value is $368,300. Housing costs are 79% higher than the state median of $205,600. The home-value-to-income ratio is 3.3x. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 46% higher than the state average of 68.3%.

Race & Ethnicity

The largest racial or ethnic group in Bancroft is White (non-Hispanic), making up 73.7% of the population. Black or African American residents account for 14.4%. The Black or African American population is significantly higher than the state average (14.4% vs 7.5%). The Asian population is significantly higher than the state average (2.5% vs 1.6%).

Education

79.6% of residents aged 25 and older hold a bachelor's degree or higher. This places Bancroft in the top 10% of all cities in the state for educational attainment. This is 189% higher than the state rate of 27.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.4%. Notably, 49.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Bancroft, Kentucky is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.