Bancroft town, West Virginia Demographics & Population 2026
As of 2026, Bancroft town, West Virginia has a total population of 472, the 238th largest city in West Virginia, with a median household income of $75,938, which is 31% higher than the state average. The poverty rate is 10.0%.
Key Takeaways
- Household income is 31% above the state average — one of the wealthiest communities in West Virginia.
- Only 5.5% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 1.5x.
- Near full employment with an unemployment rate of just 0.8%.
Bancroft town Quick Facts
How Bancroft town 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: 18 | National average: 60
Education
Educational Attainment (Adults 25+)
Bancroft town Rankings in West Virginia
Explore West Virginia Rankings
Cities Similar to Bancroft town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Clay town | 485 | N/A | $58,800 | 8.0% | 75.7% |
| Springfield CDP | 485 | N/A | N/A | 49.8% | 8.9% |
| Racine CDP | 451 | $73,724 | $112,700 | 16.2% | 13.5% |
| Big Chimney CDP | 497 | $72,740 | $216,500 | 16.8% | 20.9% |
| Gatewood CDP | 443 | $73,914 | $96,400 | 13.2% | 1.4% |
Population Overview
Bancroft town is a small community located in West Virginia. The total population is 472. It ranks as the 238th most populous out of 430 cities and towns in West Virginia.
Age Demographics
The median age in Bancroft town is 29.9 years. This is 30% lower than the state median of 42.7 years.
Economy, Income & Housing
The median household income in Bancroft town is $75,938. This is 31% higher than the state median of $57,917. Compared to the national median of $78,538, household income here is 3% lower. The poverty rate stands at 10.0%. This is 40% lower than the state poverty rate of 16.6%. The unemployment rate is 0.8%. This is 86% lower than the state rate of 5.7%. The median home value is $114,100. Housing costs are 27% lower than the state median of $155,600. With a home-value-to-income ratio of just 1.5x, Bancroft town is one of the most affordable housing markets in the area. 81.2% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 74.3%.
Race & Ethnicity
Bancroft town has a predominantly White (non-Hispanic) population, comprising 96.2% of all residents. Hispanic or Latino residents account for 3.2%. The Hispanic or Latino population is significantly higher than the state average (3.2% vs 2.0%).
Education
5.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 77% lower than the state rate of 23.3%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.4%.
Data Sources & Methodology
All demographic data for Bancroft town, West Virginia 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 West Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 430 Census-designated places in West Virginia. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Bancroft town, West Virginia?
Bancroft town, West Virginia has a population of 472 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Bancroft town, WV?
The median household income in Bancroft town is $75,938, which is 3% lower the national median of $78,538.
What is the poverty rate in Bancroft town, WV?
The poverty rate in Bancroft town is 10.0%. This means approximately 47 residents live below the federal poverty line.
What is the racial makeup of Bancroft town, West Virginia?
Bancroft town's population is 96.2% White, 0.0% Black, 3.2% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Bancroft town, WV?
The median home value in Bancroft town is $114,100. The home-value-to-income ratio is 1.5x.
How educated is Bancroft town, West Virginia?
5.5% of adults (25+) in Bancroft town hold a bachelor's degree or higher, and 1.6% hold a graduate or professional degree.