The median household income in Bancroft, MI in 2022 was $80,344, which was 16.6% greater than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $41,538 in 2000 this represents an increase of 48.3%. The per capita income in 2022 was $34,468, which means an increase of 55.2% compared to 2000 when it was $15,451.
Whole page based on the data from 2000 / 2022 when the population of Bancroft, Michigan was 616 / 499
Income statistics for all residents
Median household income in Bancroft, MI in 2022:
Bancroft:
$80,344
State:
$66,986
Change in median household income between 2000 and 2022:
Bancroft, Michigan:
+93.4%
State:
+50.0%
Number of households with income < $10k:
Bancroft:
3.9% (7)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Bancroft:
6.1% (11)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Bancroft:
8.3% (15)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Bancroft:
13.9% (25)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Bancroft:
10.6% (19)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Bancroft:
4.4% (8)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Bancroft:
3.3% (6)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Bancroft:
18.9% (34)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Bancroft:
4.4% (8)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Bancroft:
5.0% (9)
Michigan:
6.7% (273,144)
Number of households with income $150k - 200k:
Bancroft:
11.7% (21)
Michigan:
7.5% (305,077)
Number of households with income > $200k:
Bancroft:
9.4% (17)
State:
8.1% (330,644)
Aggregate household income in Bancroft in 2022: $17,091,041
Median family income in Bancroft in 2022:
Bancroft:
$87,824
Michigan:
$85,865
Number of families with income < $10k:
Bancroft:
7.9% (9)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Bancroft:
3.2% (4)
Michigan:
3.9% (100,567)
Number of families with income $20k - 30k:
Bancroft:
3.8% (5)
State:
5.0% (127,320)
Number of families with income $30k - 40k:
Bancroft:
10.7% (13)
Michigan:
6.4% (163,565)
Number of families with income $40k - 50k:
Bancroft:
7.1% (9)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Bancroft:
4.5% (5)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Bancroft:
5.4% (6)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Bancroft:
15.8% (19)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Bancroft:
6.8% (8)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Bancroft:
5.8% (7)
Michigan:
8.6% (220,338)
Number of families with income $150k - 200k:
Bancroft:
15.7% (19)
Michigan:
10.2% (259,462)
Number of families with income > $200k:
Bancroft:
13.4% (16)
State:
11.3% (287,206)
Median non-family income in Bancroft in 2022:
Bancroft:
$43,974
Michigan:
$40,459
Change in median non-family income between 2000 and 2022:
Bancroft, Michigan:
+134.5%
State:
+54.5%
Median per capita income in Bancroft in 2022:
Bancroft:
$34,469
State:
$38,151
Change in median per capita income between 2000 and 2022:
Bancroft, Michigan:
+123.1%
Michigan:
+72.1%
Income statistics for White residents
Median household income in Bancroft, MI in 2022:
Bancroft:
$63,653
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Bancroft, Michigan:
+54.0%
Michigan:
+52.9%
Number of households with income < $10k:
Bancroft:
4.3% (7)
Michigan:
4.4% (140,440)
Number of households with income $10k - 20k:
Bancroft:
6.7% (11)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Bancroft:
9.2% (15)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Bancroft:
15.3% (25)
Michigan:
8.1% (257,175)
Number of households with income $40k - 50k:
Bancroft:
11.0% (18)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Bancroft:
4.9% (8)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Bancroft:
3.7% (6)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Bancroft:
11.7% (19)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Bancroft:
4.9% (8)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Bancroft:
4.9% (8)
Michigan:
7.1% (226,232)
Number of households with income $150k - 200k:
Bancroft:
13.5% (22)
State:
8.1% (255,445)
Number of households with income > $200k:
Bancroft:
9.8% (16)
Michigan:
8.7% (276,727)
Aggregate household income in Bancroft in 2022: $15,364,611
Median family income in Bancroft in 2022:
Bancroft:
$90,677
Michigan:
$90,317
Number of families with income < $10k:
Bancroft:
8.1% (10)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Bancroft:
3.3% (4)
State:
3.2% (64,106)
Number of families with income $20k - 30k:
Bancroft:
4.0% (5)
Michigan:
4.6% (91,551)
Number of families with income $30k - 40k:
Bancroft:
11.4% (14)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Bancroft:
7.3% (9)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Bancroft:
4.6% (5)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Bancroft:
5.4% (6)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Bancroft:
13.1% (16)
Michigan:
15.5% (309,815)
Number of families with income $100k - 125k:
Bancroft:
6.8% (8)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Bancroft:
5.9% (7)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Bancroft:
17.0% (20)
State:
11.0% (218,573)
Number of families with income > $200k:
Bancroft:
13.1% (15)
State:
12.0% (239,713)
Median non-family income in Bancroft in 2022:
Bancroft:
$33,819
State:
$42,438
Change in median non-family income between 2000 and 2022:
Bancroft, Michigan:
+80.4%
Michigan:
+56.8%
Median per capita income in Bancroft in 2022:
Bancroft:
$32,724
State:
$41,514
Change in median per capita income between 2000 and 2022:
Bancroft, Michigan:
+119.5%
State:
+75.2%
Income statistics for Hispanic or Latino residents
Median per capita income in Bancroft in 2022:
Bancroft:
$15,590
State:
$25,462
Income statistics for Multirace residents
Median household income in Bancroft, MI in 2022:
Bancroft:
$64,696
Michigan:
$63,251
Aggregate household income in Bancroft in 2022: $363,460
Median per capita income in Bancroft in 2022:
Bancroft:
$28,977
State:
$26,098
Change in median per capita income between 2000 and 2022:: -10.3%
Bancroft, Michigan:
-10.3%
State:
+106.5%
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-10.3%
+106.5%