Bancroft village, Nebraska Demographics & Population 2026
As of 2026, Bancroft village, Nebraska has a total population of 590, the 191st largest city in Nebraska, with a median household income of $46,563, which is 38% lower than the state average. The poverty rate is 11.9%.
Key Takeaways
- Household income is 38% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.9x.
- Near full employment with an unemployment rate of just 0.0%.
Bancroft village Quick Facts
How Bancroft village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Bancroft village Rankings in Nebraska
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Cities Similar to Bancroft village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Alda village | 585 | $50,000 | $86,500 | 5.3% | 29.7% |
| Edgar city | 591 | $50,938 | $83,400 | 23.9% | 14.7% |
| St. Edward city | 586 | $52,132 | $106,000 | 16.0% | 13.0% |
| Callaway village | 608 | $50,938 | $157,600 | 32.5% | 10.5% |
| Walton CDP | 624 | $48,725 | $491,100 | 25.9% | 1.8% |
Population Overview
Bancroft village is a small community located in Nebraska. The total population is 590. It ranks as the 191st most populous out of 584 cities and towns in Nebraska.
Age Demographics
The median age in Bancroft village is 38.2 years. This is 3% higher than the state median of 37.1 years. 16.8% 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 village is $46,563. This is 38% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 41% lower. The poverty rate stands at 11.9%. This is 16% higher than the state poverty rate of 10.3%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.0%. The median home value is $89,300. Housing costs are 60% lower than the state median of $223,800. With a home-value-to-income ratio of just 1.9x, Bancroft village is one of the most affordable housing markets in the area. 72.2% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 66.5%.
Race & Ethnicity
Bancroft village has a predominantly White (non-Hispanic) population, comprising 92.7% of all residents. Hispanic or Latino residents account for 1.7%. The Hispanic or Latino population (1.7%) is well below the state average of 12.3%.
Education
20.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.6%.
Data Sources & Methodology
All demographic data for Bancroft village, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Bancroft village, Nebraska?
Bancroft village, Nebraska has a population of 590 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Bancroft village, NE?
The median household income in Bancroft village is $46,563, which is 41% lower the national median of $78,538.
What is the poverty rate in Bancroft village, NE?
The poverty rate in Bancroft village is 11.9%. This means approximately 70 residents live below the federal poverty line.
What is the racial makeup of Bancroft village, Nebraska?
Bancroft village's population is 92.7% White, 0.0% Black, 1.7% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Bancroft village, NE?
The median home value in Bancroft village is $89,300. The home-value-to-income ratio is 1.9x.
How educated is Bancroft village, Nebraska?
20.5% of adults (25+) in Bancroft village hold a bachelor's degree or higher, and 7.5% hold a graduate or professional degree.