Bancroft township

County:: Freeborn County
County Seat:: No
Area (mi²):: 33.207
State:: Minnesota

Bancroft township is located in Freeborn County, Minnesota. Bancroft township has a 2025 population of 772. Bancroft township is currently declining at a rate of -0.52% annually and its population has decreased by -2.28% since the most recent census, which recorded a population of 790 in 2020.

The average household income in Bancroft township is $147,933 with a poverty rate of 2.32%.The median age in Bancroft township is 40.9 years: 39.7 years for males, and 41.4 years for females.

Demographics

The racial composition of Bancroft township includes 92.1% White, and smaller percentages for other race and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	793	92.1%
Two or more races	57	6.62%
Other race	11	1.28%

Bancroft township Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Bancroft township's average per capita income is $67,981. Household income levels show a median of $110,625. The poverty rate stands at 2.32%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$134,167	-
Families	$129,375	$171,403
Households	$110,625	$147,933
Non Families	$43,542	$65,293

$67,981

Average Income

$110,625

Median Household Income

2.32%

Poverty Rate