Bancroft, ME demographics:
population, income, and more

Total population
193
-7.2% year-over-year change
Median household income
$48,868/yr
14.0% year-over-year change
Housing units
200
0.5% year-over-year change

Bancroft population

How many people live in Bancroft

Bancroft is home to 193 residents, according to the most recent Census data. Gender-wise, 54.4% of Bancroft locals are male, and 45.6% are female.

Total population
193
-7.2% year-over-year change
Gender ratio
Male
54.4%
105
Female
45.6%
88
Value Percent YoY change
Male 105 54.4% -2.8%
Female 88 45.6% -12.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Bancroft is 56, with the population distributed as follows: about 10.9% are children under 15, then 6.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 16.1% of the population, while another 38.3% fall into the 45 to 64 bracket. Finally, around 28.5% are 65 or older.

Median age
56
Age breakdown
Under 15
10.9%
15 to 24
6.2%
25 to 44
16.1%
45 to 64
38.3%
Over 65
28.5%
Value Percent YoY change
Under 15 21 10.9% -16.0%
15 to 24 12 6.2% -25.0%
25 to 44 31 16.1% 3.3%
45 to 64 74 38.3% 2.8%
Over 65 55 28.5% -15.4%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Bancroft, 97.9% of the population are US-born citizens, while 1.6% have gained naturalized citizenship. At the same time, 0.5% of residents are non-citizens. There’s also a share of 3.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.9%
Non-U.S.-born citizens
1.6%
Non-citizens
0.5%
Value Percent YoY change
U.S.-born citizens 190 97.9% -6.9%
Non-U.S.-born citizens 3 1.6% 0.0%
Non-citizens 1 0.5% 0.0%
Racial breakdown
White
95.9%
Black or African American
0%
American Indian and Alaska Native
0.5%
Asian
0.5%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.1%
Other
0%
Value Percent
White 186 95.9%
American Indian and Alaska Native 1 0.5%
Asian 1 0.5%
Two or more races 6 3.1%

Households in Bancroft

A peek inside Bancroft households

Bancroft has 98 households, with an average of 2 members in each. Of these, 57.1% are families, while the remaining 42.9% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
98
-1.0% year-over-year change
Average people per household
2
Non-family households
42
Family households
56
Value Percent YoY change
Non-family households 42 42.9% 23.5%
Family households 56 57.1% -13.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Bancroft

The housing landscape of Bancroft

Bancroft's housing consists of 200 units, with 89.6% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.5% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 8% of the housing landscape.

Housing units
200
0.5% year-over-year change
Housing types
Value Percent
1 unit, detached 180 89.6%
1 unit, attached 1 0.5%
2 units 1 0.5%
3 or 4 units 1 0.5%
20 to 49 units 2 1%
Mobile home 16 8%
Homes built since 2020
3
50.0% year-over-year change

The age of buildings in Bancroft

In Bancroft, the median construction year is 1982. About 13.1% of homes were built before the 1940s, with another 4% going up by 1949. Most development happened in the second half of the 20th century. Then, 14.1% of homes were added from 2000 to 2009, 11.1% between 2010 and 2019, and 1.5% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 26 13.1% 0.0%
Built between 1940 and 1949 8 4% 14.3%
Built between 1950 and 1959 9 4.5% 28.6%
Built between 1960 and 1969 12 6% 140.0%
Built between 1970 and 1979 23 11.6% -30.3%
Built between 1980 and 1989 34 17.1% 17.2%
Built between 1990 and 1999 34 17.1% 0.0%
Built between 2000 and 2009 28 14.1% -12.5%
Built between 2010 and 2019 22 11.1% -12.0%
Built in 2020 or later 3 1.5% 50.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Bancroft occupancy rates

Out of the 98 occupied housing units in Bancroft, 84.7% are owner-occupied, while 15.3% are lived in by tenants. Meanwhile, 51% of all homes on the local market sit vacant.

Occupied housing units
98
-1.0% year-over-year change
Occupancy breakdown
Renter occupied
15
Owner occupied
83
Value Percent YoY
change
Renter occupied 15 15.3% 0.0%
Owner occupied 83 84.7% 0.0%
Unoccupied housing units
51.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Bancroft housing costs

Housing costs in Bancroft come to a median of $540 per month, while tenants specifically pay a median gross rent of $786.

Median housing costs per month
$540/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Bancroft
$786/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Bancroft

Bancroft education at a glance

About 59.5% of the population in Bancroft went to high school, while 17.9% pursued college studies. Another 7.1% earned an associate degree and 10.1% hold a bachelor’s. Meanwhile, 3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 4 2.4% 100.0%
High school diploma 100 59.5% -2.0%
College diploma 30 17.9% -16.7%
Associate degree 12 7.1% -7.7%
Bachelor's degree 17 10.1% -19.1%
Graduate degree 5 3% 25.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Bancroft

How much people earn in Bancroft

The average annual household income in Bancroft was $63,858 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +14.1% change from the previous year. At the same time, the median income stood at $48,868, reflecting a +14% shift over the same period.

Average household income in Bancroft
$63,858/year
14.1% year-over-year change
Median household income in Bancroft
$48,868/year
14.0% year-over-year change

Bancroft income by age

In Bancroft, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $59,306. Those with someone between 45 and 64 in charge, often well established professionally, earn $67,256 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $84,375, while those led by someone over 65, many of whom may be retired, have about $28,606 in earnings. Overall, 82.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $84,375 N/A
25 - 44 $59,306 0.9%
45 - 64 $67,256 20.9%
Over 65 $28,606 5.9%
Above poverty level
155
Below poverty level
33
Value Percent YoY
change
Above poverty level 155 82.4% -8.3%
Below poverty level 33 17.6% -5.7%

Employment in Bancroft

Workforce and job types in Bancroft

68.1% of the working population are employed in professional or administrative positions, while 31.9% are in hands-on or service-based jobs. Also, 15.9% run their own businesses, 55.1% are employed by private companies, and 15.9% work in the public sector.

Workforce demographics

White collar
47
Blue collar
22
Value Percent YoY change
White collar 47 68.1% -9.6%
Blue collar 22 31.9% 46.7%
Employer type
Self employees
15.9%
Private companies
55.1%
Governmental workers
15.9%
Not for profit companies
13%
Value Percent YoY change
Self employees 11 15.9% 10.0%
Private companies 38 55.1% 11.8%
Governmental workers 11 15.9% -26.7%
Not for profit companies 9 13% 12.5%

Transportation in Bancroft

How people get around in Bancroft

Commuting methods vary: 89.1% of residents travel by personal vehicle and 10.9% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 57 89.1% 3.6%
Walk 7 10.9% 16.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Bancroft by zipcode?

Zipcode Population Number of households Median income Average income
04497 311 173 $48,958 $71,935
04424 983 493 $48,778 $55,965

Explore more communities

FAQs about Bancroft demographics 

What is the total population of Bancroft?

Bancroft has a total population of 193 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -7.2% compared to a year ago.

What is the gender ratio in Bancroft?

The gender ratio in Bancroft is as follows:
  • 54.4% males (105 residents)
  • 45.6% females (88 residents)

What is the median age in Bancroft?

The median age in Bancroft is 56.

What is the age distribution of the population in Bancroft?

The age distribution in Bancroft is as follows:
  • Under 15: 10.9% (21 residents)
  • Ages 15-24: 6.2% (12 residents)
  • Ages 25-44: 16.1% (31 residents)
  • Ages 45-64: 38.3% (74 residents)
  • Over 65: 28.5% (55 residents)

What is the racial and ethnic makeup of Bancroft?

The racial and ethnic makeup of Bancroft is as follows:
  • White: 95.9% (186 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0.5% (1 residents)
  • Asian: 0.5% (1 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 3.1% (6 residents)
  • Other: 0% ( residents)

What percentage of the population in Bancroft are U.S.-born citizens?

U.S.-born citizens represent 97.9% of the population in Bancroft.

How many housing units are there in Bancroft?

There are 200 housing units in Bancroft, reflecting a +0.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Bancroft and what is the average household size?

Bancroft has a total of 98 households, with an average of 2 people in each.

What is the median household income in Bancroft?

Bancroft has a median household income of $48,868, representing a +14.0% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Bancroft?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 68.1% (47 residents)
  • Blue-collar workers: 31.9% (22 residents)

Places of employment:
  • Self-employed: 15.9% (11 residents)
  • Private companies: 55.1% (38 residents)
  • Governmental workers: 15.9% (11 residents)
  • Not-for-profit companies: 13% (9 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025