Living in Hanover, Illinois
Cost of living, income, home prices, rent and demographics of Hanover · Census data 2020–2024
Hanover has 829 residents with a median age of 46.5. The median household income is $42,250 (49% lower than the Illinois median), the median home value is $89,500, the median rent is $705/month.
Hanover is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hanover at a glance
- Population
- 829
- Median age
- 46.5State: 39
- Median household income
- $42,250State: $83,390
- Median home value
- $89,500State: $263,300
- Median rent
- $705/moState: $1,274
- Homeowners
- 63.6%
- Bachelor's degree or higher
- 9.7%
- Average commute
- 27 min
Is Hanover a good place to live?
Pros: Home values 66% lower than the state median; an average commute of 27 minutes.
Cons: Median household income 49% lower than the Illinois median; unemployment of 11.3%; a poverty rate of 21.8%.
The weather is best in June to September.
Cost of living in Hanover
Housing is the biggest part of the cost of living. In Hanover the median home value is $89,500, 73% lower than the U.S. median. Renters pay a median of $705 per month, which is 33.3% of household income. Homeowners with a mortgage pay $1,075 a month in housing costs.
Hanover median household income
The median household income in Hanover is $42,250 and the income per person is $24,330. 21.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Hanover: homes for sale and rent
- Housing units
- 472
- Owner-occupied
- 63.6%
- Renter-occupied
- 36.4%
- Vacant
- 12.1%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.00
Hanover demographics
- Population
- 829
- Median age
- 46.5
- Under 18
- 24.4%
- 65 and older
- 23.2%
- Households
- 415
- Foreign-born
- 0.8%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Hanover ›
Education in Hanover
9.7% of adults 25 and older in Hanover have a bachelor's degree or higher (Illinois: 37.8%), and 3.5% have a graduate or professional degree.
Jobs and commute in Hanover
- Unemployment rate
- 11.3%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 2.1%
- Drive alone
- 86%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 89.4%
Hanover vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hanover | 829 | $42,250 | $89,500 | $705 |
| Elizabeth | 775 | $56,250 | $135,900 | $739 |
| Bellevue | 2,259 | $79,417 | $216,500 | $843 |
| The Galena Territory | 1,735 | $117,548 | $324,700 | $1,279 |
| Springbrook | 125 | $53,750 | $151,000 | — |
| Savanna | 2,816 | $48,036 | $72,400 | $835 |
| Sabula | 547 | $77,656 | $133,300 | $950 |
| Apple Canyon Lake | 741 | $115,072 | $329,400 | — |
| Galena | 2,931 | $58,689 | $233,200 | $836 |
More for people moving to Hanover
Hanover ZIP code ›Weather and climate ›Living in Hanover: FAQ
What is the median household income in Hanover, IL?
The median household income in Hanover is $42,250, 49% lower 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?
The median home value in Hanover is $89,500, compared with $263,300 in Illinois.
How much is rent in Hanover?
The median gross rent in Hanover is $705 per month, about 33.3% of household income.
Is Hanover, IL a good place to live?
Pluses: home values 66% lower than the state median; an average commute of 27 minutes. Minuses: median household income 49% lower than the Illinois median; unemployment of 11.3%; a poverty rate of 21.8%.
What is the median age in Hanover?
The median age in Hanover is 46.5 years (Illinois: 39).
How long is the commute in Hanover?
The average commute to work in Hanover is 27 minutes; 2.1% of workers work from home.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover is 11.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hanover?
9.7% of adults in Hanover 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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