Bancroft, IA is a small city located in Kossuth County. It is home to many local businesses, such as Bancroft Hardware & Supply, K&L Motors, and Winkles Grocery Store. The cost of living in this area is lower than the US average. Specifically, 2 bedroom rent in Bancroft, IA is $810 compared to the US average of $1,430. Additionally, the grocery cost index for Bancroft stands at 93 versus 100 in the US. This makes it an attractive place to live for those who are looking for an affordable place to call home.
Bancroft has an unemployment rate of 3.5%. The US average is 6.0%.
Bancroft has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Bancroft
- The Sales Tax Rate for Bancroft is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bancroft is 9.0%. 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 $21,920 a year. The US average is $28,555 a year.
- The Median household income of a Bancroft resident is $41,319 a year. The US average is $69,021 a year.