|Year||Population||Rank in US||Growth Rate|
Based on the latest 2022 data from the US census, the current population of Bancroft is 473. Bancroft, Michigan is the 13,408th largest city in the US.
The peak population of Bancroft was in 2000, when its population was 615. In 2000, Bancroft was the 12,457th largest city in the US; now its fallen to the 13,408th largest city in the US. Bancroft is currently 23.1% smaller than it was in 2000.
Bancroft has shrunk 23.0% since the year 2000. Bancroft, Michigan's growth is extremely below average. 88% of similarly sized cities are growing faster since 2000.
|13403||Little River, Kansas||474||-11.4%|
|13404||Presho, South Dakota||474||-19.9%|
The total voting age population of Bancroft, Michigan, meaning US citizens 18 or older, is 339. The voting age population is 45.7% male and 54.3% female.
According to the latest census statistics, 15.5% of the residents of Bancroft are 65 or older.
The racial demographics of Bancroft are 95.8% White, 3.6% Two or more races and 0.6% Asian. Additionally, 5.5% of the population identifies as Hispanic.
In Bancroft, 14.3% of residents have an income below the poverty line, and the child poverty rate is 27.1%. On a per-household basis, 12.1% of families are below the poverty line in Bancroft.
Among those aged 16 and older, 60.3% of Bancroft residents are in the labor force.
Among the adult population 25 years old and over, 93.0% of Bancroft residents have at least a high school degree or equivalent, 14.6% have a bachelor's degree and 5.4% have a graduate or professional degree.
Among Bancroft residents aged 5 and older, 2.9% of them speak a non-English language at home. Broken down by language: 2.3% of residents speak Spanish at home, 0.0% speak an Indo-European language, and 0.7% speak an Asian language.
The unemployment rate in Bancroft is 6.0%, which is calculated among residents aged 16 or older who are in the labor force.
In Bancroft, 8.4% of the residents in the non-military labor force are employed by the local, state and federal government.
The median household income in Bancroft is $48,750.
In Bancroft, 70.3% of housing units are occupied by their owners.
Renters occupy 29.7% of housing units in Bancroft.
Of all the housing units in Bancroft, 67.6% of them were build before 1940.
In Bancroft, 7.4% of the total housing units were built after the year 2000.
The median gross monthly rent payment for renters in Bancroft is $719.
In Bancroft, 76.2% of households have an active broadband internet connection.