Bancroft, WV

Census Place

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2024 Population
475
US Senator
Shelley Moore Capito
Republican Party
US Senator
Jim Justice
Republican Party
2024 Median Age
31.3
4.68% 1-year increase
2024 Poverty Rate
10.9%
9.94% 1-year increase
2024 Median Household Income
$94,375
24.3% 1-year growth
2024 Median Property Value
$116,400
2.02% 1-year growth
2024 Employed Population
266
9.02% 1-year growth

About

None of the households in Bancroft, WV 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.

99.4% of the residents in Bancroft, WV are U.S. citizens.

In 2024, the median property value in Bancroft, WV was $116,400, and the homeownership rate was 76.7%.

Most people in Bancroft, WV drove alone to work, and the average commute time was 26.3 minutes. The average car ownership in Bancroft, WV was 2 cars per household.

United StatesWest VirginiaPutnam County, WVHuntington-Ashland, WV-KY-OHCabell, Putnam, Mason Counties PUMA, WV

Population & Diversity

Bancroft, WV is home to a population of 475 people, from which 99.4% are citizens. As of 2024, 0.632% of Bancroft, WV residents were born outside of the country (3 people).

In 2024, there were 45.5 times more White (Non-Hispanic) residents (455 people) in Bancroft, WV than any other race or ethnicity. There were 10 Other (Hispanic) and 7 White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.4%
2024 Citizenship
98.7%
2023 Citizenship

As of 2024, 99.4% of Bancroft, WV residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Bancroft, WV was 98.7%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Bancroft, WV 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, WV
  1. White (Non-Hispanic)
    455 ± 202
  2. Other (Hispanic)
    10 ± 22
  3. White (Hispanic)
    7 ± 13
3.58%
Hispanic Population
17 people

In 2024, there were 45.5 times more White (Non-Hispanic) residents (455 people) in Bancroft, WV than any other race or ethnicity. There were 10 Other (Hispanic) and 7 White (Hispanic) residents, the second and third most common ethnic groups.

3.58% of the people in Bancroft, WV are hispanic (17 people).

The following chart shows the 8 races represented in Bancroft, WV 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 West Virginia.
Most Common Origin
  1. India
    2,277 ± 1,171 people
  2. Mexico
    2,211 ± 1,154 people
  3. Germany
    1,987 ± 1,094 people

In 2023, the most common birthplace for the foreign-born residents of West Virginia was India, the natal country of 2,277 West Virginia residents, followed by Mexico with 2,211 and Germany with 1,987.

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Foreign-Born Population

0.632%
2024 Foreign-Born Population
3 people
1.27%
2023 Foreign-Born Population
6 people

As of 2024, 0.632% of Bancroft, WV residents (3 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, WV was 1.27%, meaning that the rate has been decreasing.

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

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Military

Veterans

Most Common Service Period
  1. Vietnam
    12 ± 22
  2. Gulf War (2001-)
    4 ± 20

Bancroft, WV has a large population of military personnel who served in Vietnam, 3 times greater than any other conflict.

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

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Economy

The economy of Bancroft, WV employs 266 people. In 2024, the largest industries in Bancroft, WV were Public Administration (65 people), Utilities (53 people), and Finance & Insurance (28 people), and the highest paying industries were Finance & Insurance, & Real Estate & Rental & Leasing ($95,313), Finance & Insurance ($95,313), and Utilities ($73,689).

Employment

Occupations

266
2024 Value
± 148
9.02%
1 Year growth
± 77.9%

From 2023 to 2024, employment in Bancroft, WV grew at a rate of 9.02%, from 244 employees to 266 employees.

The most common job groups, by number of people living in Bancroft, WV, are Fire Fighting & Prevention, & Other Protective Service Workers Including Supervisors (63 people), Installation, Maintenance, & Repair Occupations (48 people), and Office & Administrative Support Occupations (46 people). This chart illustrates the share breakdown of the primary jobs held by residents of Bancroft, WV.

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Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in West Virginia (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

266
2024 Value
± 148
9.02%
1 Year growth
± 77.9%

From 2023 to 2024, employment in Bancroft, WV grew at a rate of 9.02%, from 244 employees to 266 employees.

The most common employment sectors for those who live in Bancroft, WV, are Public Administration (65 people), Utilities (53 people), and Finance & Insurance (28 people). This chart shows the share breakdown of the primary industries for residents of Bancroft, WV, though some of these residents may live in Bancroft, WV and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$73,096
Median earning men ± $21,310
$35,625
Median earning women ± $14,097

The industries with the best median earnings for men in 2024 are Transportation & Warehousing, & Utilities ($73,841) and Construction ($61,250).

The industries with the best median earnings for women in 2024 are Manufacturing ($36,250) and Educational Services, & Health Care & Social Assistance ($35,833).

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Employment by Industry Sector

Data is only available at the state level. Showing data for West Virginia.
Y-Axis
0.583%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 690k people employed in West Virginia. This represents a 0.583% 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 15%.

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

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Housing & Living

The median property value in Bancroft, WV was $116,400 in 2024, which is 0.35 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $114,100 to $116,400, a 2.02% increase. The homeownership rate in Bancroft, WV is 76.7%, which is higher than the national average of 65.2%.

People in Bancroft, WV have an average commute time of 26.3 minutes, and they drove alone to work. Car ownership in Bancroft, WV is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$116,400
Median Property Value 2024
±$38,008
$155
Median Property Taxes
±$80

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, WV the largest share of households pay taxes in the < $800 range.

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

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Rent vs Own

76.7%
Homeownership
2024
59.6%
Homeowners with Mortgage
2024

In 2024, 76.7% of the housing units in Bancroft, WV were occupied by their owner. This percentage declined from the previous year's rate of 81.2%.

This chart shows the percentage of owner in Bancroft, WV 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.
$94,375
Median Household Income
± $43,463
202
Number of Households
± 86

In 2024, the median household income of the 202 households in Bancroft, WV grew to $94,375 from the previous year's value of $75,938.

The following chart displays the households in Bancroft, WV 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 $75k - $100k range.

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Wage Distribution

The closest comparable wage GINI for Bancroft, WV is from West Virginia.
0.443
2023 Wage GINI in West Virginia
0.449
2022 Wage GINI in West Virginia

In 2023, the income inequality in West Virginia was 0.443 according to the GINI calculation of the wage distribution. Income inequality had a 1.39% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for West Virginia was lower than than the national average of 0.476. In other words, wages are distributed more evenly in West Virginia in comparison to the national average.

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

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (89.6%)
  2. Carpooled (5.02%)
  3. Other (2.7%)

In 2024, 89.6% of workers in Bancroft, WV drove alone to work, followed by those who carpooled to work (5.02%) and those who used some unspecified means to get work (2.7%).

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

26.3 minutes
Average Travel Time

Using averages, employees in Bancroft, WV have a shorter commute time (26.3 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Bancroft, WV have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Bancroft, WV 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, WV distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Bancroft, WV have 2 cars.

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Poverty

Poverty & Diversity

10.9% of the population for whom poverty status is determined in Bancroft, WV (52 out of 475 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 25 - 34, followed by Males 45 - 54 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Bancroft, WV is White, followed by Other and Hispanic.

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

92.8% of the population of Bancroft, WV has health coverage, with 48% on employee plans, 24.4% on Medicaid, 13.9% on Medicare, 5.68% on non-group plans, and 0.842% on military or VA plans.

Primary care physicians in West Virginia see 1,319 patients per year on average, which represents a 0% change from the previous year (1,319 patients). Compare this to dentists who see 1705 patients per year, and mental health providers who see 506 patients per year.

By gender, of the total number of insured persons, 53.1% were men and 46.9% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 14.1% under 18 years, 41.5% between 18 and 34 years, 27.6% between 35 and 64 years, and 16.8% over 64 years.

By gender, of the total number of insured persons, 53.1% were men and 46.9% were women.

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

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Uninsured People

7.16%
Uninsured
48%
Employer Coverage
24.4%
Medicaid
13.9%
Medicare
5.68%
Non-Group
0.842%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Bancroft, WV grew by 53.6% from 4.66% to 7.16%.

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

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