In 2023, Bancroft, MI had a population of 571 people with a median age of 34.9 and a median household income of $80,000. Between 2022 and 2023 the population of Bancroft, MI grew from 500 to 571, a 14.2% increase and its median household income declined from $81,563 to $80,000, a −1.92% decrease.
The 5 largest ethnic groups in Bancroft, MI are White (Non-Hispanic) (91.1%), Two+ (Non-Hispanic) (2.98%), White (Hispanic) (2.28%), Other (Non-Hispanic) (2.1%), and Two+ (Hispanic) (1.05%).
None of the households in Bancroft, MI 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.
99.5% of the residents in Bancroft, MI are U.S. citizens.
In 2023, the median property value in Bancroft, MI was $117,000, and the homeownership rate was 68.9%.
Most people in Bancroft, MI drove alone to work, and the average commute time was 35 minutes. The average car ownership in Bancroft, MI was 3 cars per household.
