Bancroft, ON Employment - Median Household Income, Unemployment Rate

F

36%

Household income NAT. AVG.

36%

Unemployment NAT. AVG.

32%

In labour force NAT. AVG.

Index	Bancroft	Ontario	National
Median household income	$52,940	$87,353	$82,436
Unemployment rate	4.1%	4.2%	6.4%
In labour force	43.4%	61.7%	63.9%

Key findings

The median household income in Bancroft is 36% lower than the national average
The unemployment rate in Bancroft is 36% lower than the national average
In Bancroft 11.5% of people earn $20,000 or less
In Bancroft 10.5% of people earn between $80,000 and $100,000
In Bancroft 0.6% of people earn $300,000 or more

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am i middle class

$35,289 $52,940 $105,880

City

$58,229 $87,353 $174,706

State

$54,951 $82,436 $164,872

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Bancroft median earnings by income bracket

Bancroft employment by industry

Labour Type	Percent
Construction industry	5.2%
Manufacturing sector	1.2%
Financial & insurance services	0.7%
Wholesale & retail services	8.3%
Public administration	1.0%
Transportation, warehousing & utilities	2.0%
Education, health & social services	9.3%
Other	14.8%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Wollaston, ON	705	$76,009	7.8%
Hastings Highlands, ON	4,237	$68,357	17.1%
Faraday, ON	1,476	$67,411	18.2%
Carlow/Mayo, ON	864	$62,648	24.0%
Tudor and Cashel, ON	622	$50,874	38.3%
Bancroft, ON	4,191	$52,940	35.8%

Cities with similar population

City	Population	Household Income	National Avg.
Oakwood, GA	4,191	n/a
Spindale, NC	4,193	n/a
Alfred, NY	4,193	n/a
Bonsall, CA	4,194	n/a
Tiptonville, TN	4,194	n/a
Bancroft, ON	4,191	$52,940	35.8%

Source: The Bancroft, ON data and statistics displayed above are derived from Statistics Canada and updated for 2021 by Environics Analytics.