Bancroft, West Virginia is a small town with a population of less than 500 people. It is located in the foothills of the Appalachian Mountains and offers breathtaking views of nature. With an average two bedroom rent at $840 per month, Bancroft is an affordable place to live. The cost index for groceries here is 98 compared to 100 in the US, making it an economically friendly town as well. There are a few local companies in Bancroft such as J & L Electric Co and Preferred Homes Plumbing and Heating Inc. that provide services throughout the area. Additionally, the town frequently hosts public events including their annual Apple Festival and festive Christmas Parade each year.
Bancroft has an unemployment rate of 5.1%. The US average is 6.0%.
Bancroft has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Bancroft
- The Sales Tax Rate for Bancroft is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bancroft is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bancroft
- The average income of a Bancroft resident is $24,569 a year. The US average is $28,555 a year.
- The Median household income of a Bancroft resident is $82,917 a year. The US average is $69,021 a year.