Bancroft, ID is a small town located in the US with many local businesses and activities. It is an affordable place to live, with two-bedroom rent at $930 compared to the US average of $1,430. The cost of living overall is lower than the national average due to its grocery cost index of 91/100. Local businesses include Bancroft General Store, Hansen's Electric & Plumbing Services, and Sellers Logging & Excavating LLC. Activities to enjoy in Bancroft include fishing at Salmon River, camping at Indian Valley Reservoir Recreational Area, visiting the Museum Of North Idaho and shopping at local farms or farmers markets for fresh produce.
Bancroft has an unemployment rate of 3.6%. The US average is 6.0%.
Bancroft has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.1%, 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 7.4%. 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 $18,336 a year. The US average is $28,555 a year.
- The Median household income of a Bancroft resident is $63,125 a year. The US average is $69,021 a year.