Living in Hanover Park, Illinois
Cost of living, income, home prices, rent and demographics of Hanover Park · Census data 2020–2024
Hanover Park has 36,732 residents with a median age of 35.3. The median household income is $91,763 (10% higher than the Illinois median), the median home value is $274,200, the median rent is $1,594/month.
Hanover Park at a glance
- Population
- 36,732
- Median age
- 35.3State: 39
- Median household income
- $91,763State: $83,390
- Median home value
- $274,200State: $263,300
- Median rent
- $1,594/moState: $1,274
- Homeowners
- 77.5%
- Bachelor's degree or higher
- 28.9%
- Average commute
- 29 min
Is Hanover Park a good place to live?
Pros: Median household income 10% higher than the Illinois median; unemployment of 5%.
Cons: Home values 4% higher than the state median; an average commute of 29 minutes; a poverty rate of 12.5%.
The weather is best in May–June and August–September.
Cost of living in Hanover Park
Housing is the biggest part of the cost of living. In Hanover Park the median home value is $274,200, 18% lower than the U.S. median. Renters pay a median of $1,594 per month, which is 29% of household income. Homeowners with a mortgage pay $1,900 a month in housing costs.
Hanover Park median household income
The median household income in Hanover Park is $91,763 and the income per person is $33,213. 12.5% of residents live below the poverty line (Illinois: 11.8%).
Housing in Hanover Park: homes for sale and rent
- Housing units
- 11,566
- Owner-occupied
- 77.5%
- Renter-occupied
- 22.5%
- Vacant
- 2.9%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 3.27
Hanover Park demographics
- Population
- 36,732
- Median age
- 35.3
- Under 18
- 26.6%
- 65 and older
- 12%
- Households
- 11,233
- Foreign-born
- 37.5%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Hanover Park ›
Education in Hanover Park
28.9% of adults 25 and older in Hanover Park have a bachelor's degree or higher (Illinois: 37.8%), and 8.6% have a graduate or professional degree.
Jobs and commute in Hanover Park
- Unemployment rate
- 5%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 11%
- Drive alone
- 69.3%
- Public transit
- 2.3%
- Walk to work
- 1.6%
- Homes with broadband
- 95.1%
Hanover Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hanover Park | 36,732 | $91,763 | $274,200 | $1,594 |
| Bartlett | 40,501 | $133,240 | $375,700 | $1,883 |
| Roselle | 22,752 | $111,318 | $344,700 | $1,641 |
| Streamwood | 39,001 | $101,218 | $271,200 | $1,809 |
| Bloomingdale | 22,457 | $102,928 | $376,500 | $1,603 |
| Carol Stream | 39,460 | $102,309 | $335,000 | $1,529 |
| Schaumburg | 76,868 | $97,514 | $330,400 | $1,812 |
| Glendale Heights | 32,808 | $86,545 | $261,700 | $1,590 |
| Hoffman Estates | 51,175 | $106,806 | $351,900 | $1,734 |
More for people moving to Hanover Park
Hanover Park ZIP code ›Weather and climate ›Living in Hanover Park: FAQ
What is the median household income in Hanover Park, IL?
The median household income in Hanover Park is $91,763, 10% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hanover Park?
The median home value in Hanover Park is $274,200, compared with $263,300 in Illinois.
How much is rent in Hanover Park?
The median gross rent in Hanover Park is $1,594 per month, about 29% of household income.
Is Hanover Park, IL a good place to live?
Pluses: median household income 10% higher than the Illinois median; unemployment of 5%. Minuses: home values 4% higher than the state median; an average commute of 29 minutes; a poverty rate of 12.5%.
What is the median age in Hanover Park?
The median age in Hanover Park is 35.3 years (Illinois: 39).
How long is the commute in Hanover Park?
The average commute to work in Hanover Park is 29 minutes; 11% of workers work from home.
What is the unemployment rate in Hanover Park?
The unemployment rate in Hanover Park is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hanover Park?
28.9% of adults in Hanover Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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