Bancroft is a small town of 500 in Michigan, with a median household income of $81,563
and a 2.7% unemployment rate.
Its cost of living index is 93 (US average = 100), which is
7% below the national average.
Strengths:
Bancroft stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include longer commutes. Whether Bancroft is right for you depends on your priorities — the full breakdown is below.
All Bancroft city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 92.8
Bancroft's overall cost of living index is 92.8,
where 100 represents the US national average.
Living in Bancroft costs roughly 7% less than the average American city.
Metric
Bancroft, MI
National Avg
Median Home Value
$118,800
$244,900
Median Monthly Rent
$914
$1,163
Homeownership Rate
70.7%
65.9%
Median Household Income
$81,563
$74,755
Crime & Safety
Very Safe
Bancroft's violent crime rate is 139.5 per 100,000 residents
— 63% lower than the national average of ~380 per 100,000.
Violent Crime
139.5 /100k
Property Crime
346.4 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Bancroft, MI
National Avg
School District
N/A
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
11.3%
35.4%
High School Diploma or Higher
90.3%
91.1%
Weather & Climate
Bancroft sees average highs of 30.7°F in January
and 83.3°F in July,
with 33.5 inches of annual precipitation
and 38.3 inches of snow per year.
Bancroft's cost of living index is 93, where 100 is the national average.
That makes Bancroft roughly 7% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $118,800 and median rent is $914/month.
Bancroft's violent crime rate is 139.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 346.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Bancroft, MI has a population of 500, a median household income of $81,563, and an unemployment rate of 2.7%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Bancroft averages 30.7°F in January and 83.3°F in July. Annual rainfall is 33.5 inches
with about 38.3 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Bancroft, MI is covered by 1 ZIP code: 48414.
The population of Bancroft, Michigan is 500 with a median age of 35.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Bancroft: cost of living index 93 (100 = US average), median home $118,800, median household income $81,563, crime index 29 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Bancroft side by side with your current city to see the trade-offs.
