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Bancroft, WI Profile: Facts & Data

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Bancroft, Wisconsin - Basic Facts

The Bancroft Census Designated Place had a population of 550 as of July 1, 2020. Bancroft ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Wisconsin. See peer rankings below.

The primary coordinate point for Bancroft is located at latitude 44.3097 and longitude -89.5137 in Portage County. The formal boundaries for the Bancroft Census Designated Place encompass a land area of 5.03 sq. miles and a water area of 0.01 sq. miles. Portage County is in the Central time zone (GMT -6). The elevation is 1,093 feet.

The Bancroft Census Designated Place (GNIS ID: 2586455) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Bancroft Census Designated Place is located within Town of Pine Grove, a minor civil division (MCD) of Portage County.

Alternate Unofficial Names for Bancroft: Bancroft Station.

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Bancroft, WI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 550 (100%)
Population in Households 550 (100.0%)
Population in Families 461 (83.8%)
Population in Group Quarters1 0
Population Density 109
Diversity Index2 43
 
 

INCOME

Median Household Income $54,134
Average Household Income $66,783
% of Income for Mortgage4 10%
Per Capita Income $25,073
Wealth Index5 65
 

HOUSING

Total HU (Housing Units) 226 (100%)
Owner Occupied HU 173 (76.5%)
Renter Occupied HU 31 (13.7%)
Vacant Housing Units 22 ( 9.7%)
Median Home Value $124,286
Average Home Value $168,678
Housing Affordability Index3 272
 

HOUSEHOLDS

Total Households 204
Average Household Size 2.7
Family Households 145
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.27% 0.22%
Households 0.34% 0.29%
Families 0.27% 0.27%
Median Household Income   1.5%
Per Capita Income   2.43%
Owner Occupied HU   0.34%

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Bancroft, WI - Peer Comparisons by Rank and Percentile

The table below compares Bancroft to the other 778 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 521 33rd
Population Density # 718 8th
Median Household Income # 481 38th
Housing Affordability Index # 754 97th
Per Capita Income # 643 17th
Diversity Index # 61 92nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.

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