Bancroft village, Michigan Demographics & Population 2026

Population Overview

Bancroft village is a small community located in Michigan. The total population is 571. It ranks as the 531st most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Bancroft village is 34.9 years. This is 13% lower than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Bancroft village is $80,000. This is 12% higher than the state median of $71,149. Compared to the national median of $78,538, household income here is 2% higher. The poverty rate stands at 7.7%. This is 41% lower than the state poverty rate of 13.1%. The unemployment rate is 2.4%. This is 58% lower than the state rate of 5.8%. The median home value is $117,000. Housing costs are 46% lower than the state median of $217,600. With a home-value-to-income ratio of just 1.5x, Bancroft village is one of the most affordable housing markets in the area. 68.9% of occupied housing units are owner-occupied. This homeownership rate is 6% lower than the state average of 72.9%.

Race & Ethnicity

Bancroft village has a predominantly White (non-Hispanic) population, comprising 91.1% of all residents. Hispanic or Latino residents account for 3.3%. The Black or African American population (0.5%) is well below the state average of 13.2%.

Education

13.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.1%.

Data Sources & Methodology

All demographic data for Bancroft village, Michigan 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 Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.