Living in Hancock, Iowa
Cost of living, income, home prices, rent and demographics of Hancock · Census data 2020–2024
Hancock has 216 residents with a median age of 47.1. The median household income is $82,083 (9% higher than the Iowa median), the median home value is $98,600, the median rent is $922/month.
Hancock is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hancock at a glance
- Population
- 216
- Median age
- 47.1State: 38.6
- Median household income
- $82,083State: $75,059
- Median home value
- $98,600State: $208,000
- Median rent
- $922/moState: $972
- Homeowners
- 84.5%
- Bachelor's degree or higher
- 24%
- Average commute
- 34 min
Is Hancock a good place to live?
Pros: Median household income 9% higher than the Iowa median; home values 53% lower than the state median; unemployment of 0.7%; a poverty rate of 5.6%.
Cons: An average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Hancock
Housing is the biggest part of the cost of living. In Hancock the median home value is $98,600, 70% lower than the U.S. median. Renters pay a median of $922 per month, which is 18.9% of household income. Homeowners with a mortgage pay $794 a month in housing costs.
Hancock median household income
The median household income in Hancock is $82,083 and the income per person is $41,457. 5.6% of residents live below the poverty line (Iowa: 11.1%).
Housing in Hancock: homes for sale and rent
- Housing units
- 107
- Owner-occupied
- 84.5%
- Renter-occupied
- 15.5%
- Vacant
- 9.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.23
Hancock demographics
- Population
- 216
- Median age
- 47.1
- Under 18
- 19%
- 65 and older
- 18.1%
- Households
- 97
- Foreign-born
- 0%
- Veterans
- 14.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hancock ›
Education in Hancock
24% of adults 25 and older in Hancock have a bachelor's degree or higher (Iowa: 31.4%), and 3.2% have a graduate or professional degree.
Jobs and commute in Hancock
- Unemployment rate
- 0.7%State: 3.6%
- Average commute
- 34 minState: 20 min
- Work from home
- 31.1%
- Drive alone
- 65.2%
- Public transit
- 0%
- Walk to work
- 2.3%
- Homes with broadband
- 75.3%
Hancock vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hancock | 216 | $82,083 | $98,600 | $922 |
| Oakland | 1,408 | $81,354 | $160,200 | $878 |
| Avoca | 1,444 | $73,056 | $173,800 | $850 |
| Shelby | 752 | $63,654 | $162,500 | $840 |
| Walnut | 1,342 | $62,500 | $115,900 | $874 |
| Minden | 630 | $109,167 | $170,500 | $700 |
| Carson | 834 | $73,403 | $181,400 | $744 |
| Neola | 1,116 | $73,306 | $205,100 | $968 |
| Macedonia | 249 | $71,042 | $155,500 | $775 |
More for people moving to Hancock
Hancock ZIP code ›Weather and climate ›Living in Hancock: FAQ
What is the median household income in Hancock, IA?
The median household income in Hancock is $82,083, 9% higher than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hancock?
The median home value in Hancock is $98,600, compared with $208,000 in Iowa.
How much is rent in Hancock?
The median gross rent in Hancock is $922 per month, about 18.9% of household income.
Is Hancock, IA a good place to live?
Pluses: median household income 9% higher than the Iowa median; home values 53% lower than the state median; unemployment of 0.7%; a poverty rate of 5.6%. Minuses: an average commute of 34 minutes.
What is the median age in Hancock?
The median age in Hancock is 47.1 years (Iowa: 38.6).
How long is the commute in Hancock?
The average commute to work in Hancock is 34 minutes; 31.1% of workers work from home.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hancock?
24% of adults in Hancock 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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