Bancroft, KY

Census Place

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2024 Population
479
US Senator
Mitch McConnell
Republican Party
US Senator
Rand Paul
Republican Party
2024 Median Age
43.8
18% 1-year decrease
2024 Poverty Rate
2.3%
13.4% 1-year increase
2024 Median Household Income
$110,000
7.32% 1-year growth
2024 Median Property Value
$368,300
3.14% 1-year growth
2024 Employed Population
203
3.79% 1-year decline

About

None of the households in Bancroft, KY reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

99.2% of the residents in Bancroft, KY are U.S. citizens.

In 2024, the median property value in Bancroft, KY was $368,300, and the homeownership rate was 100%.

Most people in Bancroft, KY drove alone to work, and the average commute time was 17.9 minutes. The average car ownership in Bancroft, KY was 2 cars per household.

United StatesKentuckyJefferson County, KYLouisville/Jefferson County, KY-INKIPDA Area Development District (Central)--Louisville/Jefferson Co (Northeast) PUMA, KY

Population & Diversity

Bancroft, KY is home to a population of 479 people, from which 99.2% are citizens. As of 2024, 2.51% of Bancroft, KY residents were born outside of the country (12 people).

In 2024, there were 5.12 times more White (Non-Hispanic) residents (353 people) in Bancroft, KY than any other race or ethnicity. There were 69 Black or African American (Non-Hispanic) and 19 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.2%
2024 Citizenship
98.8%
2023 Citizenship

As of 2024, 99.2% of Bancroft, KY residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Bancroft, KY was 98.8%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Bancroft, KY compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Bancroft, KY
  1. White (Non-Hispanic)
    353 ± 71
  2. Black or African American (Non-Hispanic)
    69 ± 87
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    19 ± 17
3.97%
Hispanic Population
19 people

In 2024, there were 5.12 times more White (Non-Hispanic) residents (353 people) in Bancroft, KY than any other race or ethnicity. There were 69 Black or African American (Non-Hispanic) and 19 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

3.97% of the people in Bancroft, KY are hispanic (19 people).

The following chart shows the 8 races represented in Bancroft, KY as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Kentucky.
Most Common Origin
  1. Mexico
    34,417 ± 4,537 people
  2. Cuba
    21,613 ± 3,601 people
  3. India
    11,987 ± 2,684 people

In 2024, the most common birthplace for the foreign-born residents of Kentucky was Mexico, the natal country of 34,417 Kentucky residents, followed by Cuba with 21,613 and India with 11,987.

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Foreign-Born Population

2.51%
2024 Foreign-Born Population
12 people
3.24%
2023 Foreign-Born Population
16 people

As of 2024, 2.51% of Bancroft, KY residents (12 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Bancroft, KY was 3.24%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Bancroft, KY compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    5 ± 19
  2. Gulf War (1990s)
    2 ± 3
  3. Gulf War (2001-)
    1 ± 18

Bancroft, KY has a large population of military personnel who served in Vietnam, 2.5 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Bancroft, KY.

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Economy

The economy of Bancroft, KY employs 203 people. In 2024, the largest industries in Bancroft, KY were Health Care & Social Assistance (39 people), Educational Services (37 people), and Professional, Scientific, & Technical Services (31 people), and the highest paying industries were Wholesale Trade ($180,625), Manufacturing ($131,250), and Finance & Insurance, & Real Estate & Rental & Leasing ($128,125).

Employment

Occupations

203
2024 Value
± 61
−3.79%
1 Year decline
± 44.6%

From 2023 to 2024, employment in Bancroft, KY declined at a rate of −3.79%, from 211 employees to 203 employees.

The most common job groups, by number of people living in Bancroft, KY, are Management Occupations (32 people), Health Diagnosing & Treating Practitioners & Other Technical Occupations (29 people), and Sales & Related Occupations (25 people). This chart illustrates the share breakdown of the primary jobs held by residents of Bancroft, KY.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for Kentucky.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

203
2024 Value
± 61
−3.79%
1 Year decline
± 44.6%

From 2023 to 2024, employment in Bancroft, KY declined at a rate of −3.79%, from 211 employees to 203 employees.

The most common employment sectors for those who live in Bancroft, KY, are Health Care & Social Assistance (39 people), Educational Services (37 people), and Professional, Scientific, & Technical Services (31 people). This chart shows the share breakdown of the primary industries for residents of Bancroft, KY, though some of these residents may live in Bancroft, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$92,500
Median earning men ± $18,376
$68,750
Median earning women ± $21,879

The industries with the best median earnings for men in 2024 are Wholesale Trade ($181,250), Manufacturing ($150,000), and Finance & Insurance, & Real Estate & Rental & Leasing ($145,000).

The industries with the best median earnings for women in 2024 are Wholesale Trade ($128,750), Manufacturing ($121,250), and Finance & Insurance, & Real Estate & Rental & Leasing ($118,750).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Kentucky.
Y-Axis
2.51%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 1.98M people employed in Kentucky. This represents a 2.51% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 14.4%.

The following chart shows monthly employment numbers for each industry sector in Kentucky.

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Civics

In the 2024 presidential election, the popular vote in Kentucky went to Donald J. Trump with 64.5% of the vote. The runner-up was Kamala Harris (33.9%), followed by Robert Kennedy (0.808%).

Mitch McConnell and Rand Paul are the senators currently representing the state of Kentucky. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Kentucky is currently represented by 6 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Voting results are not available for Bancroft, KY. Showing the available data for Kentucky.
2024 Election Results
  1. Donald J. Trump (64.5%)
    Republican Party
  2. Kamala Harris (33.9%)
    Democratic Party
  3. Robert Kennedy (0.808%)
    Independent Party

In the 2024 presidential election, the popular vote in Kentucky went to Donald J. Trump with 64.5% of the vote. The runner-up was Kamala Harris (33.9%), followed by Robert Kennedy (0.808%).

The following chart shows the popular vote results in Kentucky for each registered party from 1976 to 2024.

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Senator Elections

US Senators from Kentucky

Senatorial voting results are only available at the state level. Showing data for Kentucky.
Mitch McConnell
Senator from Kentucky2
Assumed office on January 3, 1985
Rand Paul
Senator from Kentucky3
Assumed office on January 3, 2011

Mitch McConnell and Rand Paul are the senators currently representing Kentucky.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Kentucky over time, excluding special elections, colored by their political party.

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Housing & Living

The median property value in Bancroft, KY was $368,300 in 2024, which is 1.11 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $357,100 to $368,300, a 3.14% increase. The homeownership rate in Bancroft, KY is 100%, which is higher than the national average of 65.2%.

People in Bancroft, KY have an average commute time of 17.9 minutes, and they drove alone to work. Car ownership in Bancroft, KY is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$368,300
Median Property Value 2024
±$17,040
$206
Median Property Taxes
±$93

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Bancroft, KY the largest share of households pay taxes in the $2k - $3k range.

The chart underneath the paragraph shows the property taxes in Bancroft, KY compared to it's parent and neighbor geographies.

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Rent vs Own

100%
Homeownership
2024
75.3%
Homeowners with Mortgage
2024

In 2024, 100% of the housing units in Bancroft, KY were occupied by their owner. This percentage grew from the previous year's rate of 99.1%.

This chart shows the percentage of owner in Bancroft, KY compared it's parent and neighboring geographies.

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$110,000
Median Household Income
± $64,179
206
Number of Households
± 97

In 2024, the median household income of the 206 households in Bancroft, KY grew to $110,000 from the previous year's value of $102,500.

The following chart displays the households in Bancroft, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $35k - $40k range.

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Wage Distribution

The closest comparable wage GINI for Bancroft, KY is from Kentucky.
0.446
2024 Wage GINI in Kentucky
0.449
2023 Wage GINI in Kentucky

In 2024, the income inequality in Kentucky was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.585% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (79.6%)
  2. Worked At Home (14.4%)
  3. Carpooled (5.97%)

In 2024, 79.6% of workers in Bancroft, KY drove alone to work, followed by those who worked at home (14.4%) and those who carpooled to work (5.97%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

17.9 minutes
Average Travel Time

Using averages, employees in Bancroft, KY have a shorter commute time (17.9 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Bancroft, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Bancroft, KY compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Bancroft, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Bancroft, KY have 2 cars.

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Poverty

Poverty & Diversity

2.3% of the population for whom poverty status is determined in Bancroft, KY (11 out of 479 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 6 - 11, followed by Females 35 - 44 and then Males 5.

The most common racial or ethnic group living below the poverty line in Bancroft, KY is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

99.8% of the population of Bancroft, KY has health coverage, with 57% on employee plans, 5.22% on Medicaid, 24.6% on Medicare, 12.9% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Kentucky see 1,601 patients per year on average, which represents a 0% change from the previous year (1,601 patients). Compare this to dentists who see 1502 patients per year, and mental health providers who see 320 patients per year.

By gender, of the total number of insured persons, 58.9% were men and 41.1% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 25.5% under 18 years, 10.6% between 18 and 34 years, 32.2% between 35 and 64 years, and 31.7% over 64 years.

By gender, of the total number of insured persons, 58.9% were men and 41.1% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

0.209%
Uninsured
57%
Employer Coverage
5.22%
Medicaid
24.6%
Medicare
12.9%
Non-Group
0%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Bancroft, KY declined by 79.4% from 1.01% to 0.209%.

The following chart shows how the percent of uninsured individuals in Bancroft, KY changed over time compared with the percent of individuals enrolled in various types of health insurance.

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