Bancroft, WV

Census Place

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2023 Population
472
1.29% 1-year growth
US Senator
Shelley Moore Capito
Republican Party
US Senator
Jim Justice
Republican Party
2023 Median Age
29.9
0.336% 1-year increase
2023 Poverty Rate
9.96%
29.7% 1-year decrease
2023 Median Household Income
$75,938
5.57% 1-year decline
2023 Median Property Value
$114,100
20.6% 1-year growth
2023 Employed Population
244
5.79% 1-year decline

About

In 2023, Bancroft, WV had a population of 472 people with a median age of 29.9 and a median household income of $75,938. Between 2022 and 2023 the population of Bancroft, WV grew from 466 to 472, a 1.29% increase and its median household income declined from $80,417 to $75,938, a −5.57% decrease.

The 5 largest ethnic groups in Bancroft, WV are White (Non-Hispanic) (96.2%), Other (Hispanic) (3.18%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (0.636%), Black or African American (Non-Hispanic) (0%), and American Indian & Alaska Native (Non-Hispanic) (0%).

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.

98.7% of the residents in Bancroft, WV are U.S. citizens.

In 2023, the median property value in Bancroft, WV was $114,100, and the homeownership rate was 81.2%.

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 472 people, from which 98.7% are citizens. As of 2023, 1.27% of Bancroft, WV residents were born outside of the country (6 people).

In 2023, there were 30.3 times more White (Non-Hispanic) residents (454 people) in Bancroft, WV than any other race or ethnicity. There were 15 Other (Hispanic) and 3 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.7%
2023 Citizenship
98.3%
2022 Citizenship

As of 2023, 98.7% of Bancroft, WV residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Bancroft, WV was 98.3%, 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)
    454 ± 221
  2. Other (Hispanic)
    15 ± 35
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    3 ± 4
3.18%
Hispanic Population
15 people

In 2023, there were 30.3 times more White (Non-Hispanic) residents (454 people) in Bancroft, WV than any other race or ethnicity. There were 15 Other (Hispanic) and 3 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

3.18% of the people in Bancroft, WV are hispanic (15 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

1.27%
2023 Foreign-Born Population
6 people
1.72%
2022 Foreign-Born Population
8 people

As of 2023, 1.27% of Bancroft, WV residents (6 people) were born outside of the United States, which is approximately the same as the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Bancroft, WV was 1.72%, 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
    23 ± 25
  2. Gulf War (2001-)
    5 ± 21
  3. Korea
    3 ± 14

Bancroft, WV has a large population of military personnel who served in Vietnam, 4.6 times greater than any other conflict.

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Economy

The economy of Bancroft, WV employs 244 people. In 2023, the largest industries in Bancroft, WV were Public Administration (71 people), Utilities (49 people), and Finance & Insurance (26 people), and the highest paying industries were Transportation & Warehousing, & Utilities ($71,333), Finance & Insurance, & Real Estate & Rental & Leasing ($66,250), and Finance & Insurance ($66,250).

Employment

Occupations

244
2023 Value
± 157
−5.79%
1 Year decline
± 97.6%

From 2022 to 2023, employment in Bancroft, WV declined at a rate of −5.79%, from 259 employees to 244 employees.

The most common job groups, by number of people living in Bancroft, WV, are Fire Fighting & Prevention, & Other Protective Service Workers Including Supervisors (70 people), Installation, Maintenance, & Repair Occupations (45 people), and Office & Administrative Support Occupations (41 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

244
2023 Value
± 157
−5.79%
1 Year decline
± 97.6%

From 2022 to 2023, employment in Bancroft, WV declined at a rate of −5.79%, from 259 employees to 244 employees.

The most common employment sectors for those who live in Bancroft, WV, are Public Administration (71 people), Utilities (49 people), and Finance & Insurance (26 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

$70,761
Median earning men ± $22,294
$35,962
Median earning women ± $10,592

The industries with the best median earnings for men in 2023 are Transportation & Warehousing, & Utilities ($71,333), Construction ($61,667), and Public Administration ($N/A).

The industries with the best median earnings for women in 2023 are Manufacturing ($37,083), Educational Services, & Health Care & Social Assistance ($35,250), and Public Administration ($N/A).

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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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Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

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Working Population

Educational Pyramid

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

In 2023, 0.711% of men over 25 years of age had not completed any academic degree (no schooling), while 0.616% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

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Educational Attainment

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

The most common educational levels obtained by the working population in 2023 were High School or Equivalent (563k), Some college (280k), and Secondary Education (213k).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

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Housing & Living

The median property value in Bancroft, WV was $114,100 in 2023, which is 0.376 times smaller than the national average of $303,400. Between 2022 and 2023 the median property value increased from $94,600 to $114,100, a 20.6% increase. The homeownership rate in Bancroft, WV is 81.2%, which is higher than the national average of 65%.

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

$114,100
Median Property Value 2023
±$38,269
$160
Median Property Taxes
±$84

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

81.2%
Homeownership
2023
53%
Homeowners with Mortgage
2023

In 2023, 81.2% of the housing units in Bancroft, WV were occupied by their owner. This percentage grew from the previous year's rate of 81%.

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

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Equity

Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity

The following map shows all of the places in Bancroft, WV colored by their Median Household Income (Total).

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$75,938
Median Household Income
± $37,566
197
Number of Households
± 85

In 2023, the median household income of the 197 households in Bancroft, WV declined from $75,938 from the previous year's value of $80,417.

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 2023
  1. Drove Alone (97.9%)
  2. Worked At Home (2.13%)
  3. Carpooled (0%)

In 2023, 97.9% of workers in Bancroft, WV drove alone to work, followed by those who worked at home (2.13%) and those who carpooled to work (0%).

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 (26.6 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

9.96% of the population for whom poverty status is determined in Bancroft, WV (47 out of 472 people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 25 - 34, followed by Males 65 - 74 and then Males 45 - 54.

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

95.3% of the population of Bancroft, WV has health coverage, with 49.6% on employee plans, 22.5% on Medicaid, 15.7% on Medicare, 4.87% on non-group plans, and 2.75% on military or VA plans.

Primary care physicians in West Virginia see 1,319 patients per year on average, which represents a 3.61% increase from the previous year (1,273 patients). Compare this to dentists who see 1705 patients per year, and mental health providers who see 558 patients per year.

By gender, of the total number of insured persons, 53.8% were men and 46.2% were women.

Coverage

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 15% under 18 years, 43.6% between 18 and 34 years, 21.8% between 35 and 64 years, and 19.5% over 64 years.

By gender, of the total number of insured persons, 53.8% were men and 46.2% were women.

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

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Uninsured People

4.66%
Uninsured
49.6%
Employer Coverage
22.5%
Medicaid
15.7%
Medicare
4.87%
Non-Group
2.75%
Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Bancroft, WV declined by 13.1% from 5.36% to 4.66%.

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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