Bancroft, MI Employment - Median Household Income, Unemployment Rate

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B-

9%

Income/capita NAT. AVG.

6%

Household income NAT. AVG.

57%

Unemployment NAT. AVG.

Index	Bancroft	Michigan	National
Income per capita	$27,082	$27,549	$29,829
Median household income	$58,750	$50,803	$55,322
Median income owner occupied	$59,375	$62,251	$70,586
Median income renter occupied	$0	$28,598	$35,192
Median earnings male	$57,344	$35,730	$36,919
Median earnings female	$22,361	$22,948	$26,250
Unemployment rate	2.0%	5.2%	4.7%
Poverty level	12.1%	16.3%	15.1%

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Key findings

The income per capita in Bancroft is 9% lower than the national average
The median household income in Bancroft is 6% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Bancroft is 57% lower than the national average
The poverty level in Bancroft is 20% lower than the national average

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am i middle class

$39,162 $58,750 $117,500

City

$33,865 $50,803 $101,606

State

$36,877 $55,322 $110,644

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	Male	Female
Construction industry	9.2%	9.2%
Manufacturing sector	24.5%	24.5%
Financial & insurance services	4.1%	4.1%
Wholesale & retail services	24.5%	24.5%
Public administration	1.0%	1.0%
Transportation, warehousing & utilities	8.2%	8.2%
Education, health & social services	6.1%	6.1%
Other	22.4%	22.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Argentine, MI	2,409	$79,219	43.2%
Williamston, MI	3,939	$75,862	37.1%
Henderson, MI	350	$70,000	26.5%
Perry, MI	2,248	$64,911	17.3%
Linden, MI	3,922	$64,511	16.6%
Bancroft, MI	454	$58,750	6.2%

Cities with similar population

City	Population	Household Income	National Avg.
Pakala Village, HI	454	$44,438	19.7%
Chase, KS	454	$47,292	14.5%
Bland, MO	454	$38,750	30.0%
Bogue Chitto, MS	454	$0	100.0%
Bradshaw, NE	454	$60,833	10.0%
Bancroft, MI	454	$58,750	6.2%

Source: The Bancroft, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).