Living in Hancock, Maine
Cost of living, income, home prices, rent and demographics of Hancock · Census data 2020–2024
Hancock has 2,518 residents with a median age of 56.3. The median household income is $72,285 (3% lower than the Maine median), the median home value is $276,800, the median rent is $1,171/month.
Hancock at a glance
- Population
- 2,518
- Median age
- 56.3State: 44.8
- Median household income
- $72,285State: $74,733
- Median home value
- $276,800State: $296,600
- Median rent
- $1,171/moState: $1,139
- Homeowners
- 81.1%
- Bachelor's degree or higher
- 34.9%
- Average commute
- 29 min
Is Hancock a good place to live?
Pros: Home values 7% lower than the state median; a poverty rate of 8.2%.
Cons: Median household income 3% lower than the Maine median; an average commute of 29 minutes; unemployment of 4.3%.
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 $276,800, 17% lower than the U.S. median. Renters pay a median of $1,171 per month, which is 27.3% of household income. Homeowners with a mortgage pay $1,512 a month in housing costs.
Hancock median household income
The median household income in Hancock is $72,285 and the income per person is $46,264. 8.2% of residents live below the poverty line (Maine: 10.7%).
Housing in Hancock: homes for sale and rent
- Housing units
- 1,529
- Owner-occupied
- 81.1%
- Renter-occupied
- 18.9%
- Vacant
- 25%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.16
Hancock demographics
- Population
- 2,518
- Median age
- 56.3
- Under 18
- 13.9%
- 65 and older
- 30.2%
- Households
- 1,147
- Foreign-born
- 2.3%
- Veterans
- 13.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Hancock ›
Education in Hancock
34.9% of adults 25 and older in Hancock have a bachelor's degree or higher (Maine: 36.2%), and 19.4% have a graduate or professional degree.
Jobs and commute in Hancock
- Unemployment rate
- 4.3%State: 3.8%
- Average commute
- 29 minState: 25 min
- Work from home
- 5.1%
- Drive alone
- 77.4%
- Public transit
- 0.1%
- Walk to work
- 1%
- Homes with broadband
- 96.4%
Hancock vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hancock | 2,518 | $72,285 | $276,800 | $1,171 |
| Lamoine | 1,782 | $88,542 | $324,800 | $1,174 |
| Franklin | 1,628 | $65,455 | $245,800 | $888 |
| Sorrento | 345 | $83,438 | $298,800 | $1,696 |
| Trenton | 1,599 | $60,455 | $357,400 | $1,102 |
| Sullivan | 1,246 | $59,643 | $222,000 | $883 |
| Bar Harbor | 5,244 | $77,180 | $538,400 | $1,106 |
| Waltham | 346 | $71,071 | $181,300 | $850 |
| Ellsworth | 8,657 | $77,375 | $242,300 | $1,017 |
More for people moving to Hancock
Hancock ZIP code ›Weather and climate ›Living in Hancock: FAQ
What is the median household income in Hancock, ME?
The median household income in Hancock is $72,285, 3% lower than the Maine median of $74,733 (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 $276,800, compared with $296,600 in Maine.
How much is rent in Hancock?
The median gross rent in Hancock is $1,171 per month, about 27.3% of household income.
Is Hancock, ME a good place to live?
Pluses: home values 7% lower than the state median; a poverty rate of 8.2%. Minuses: median household income 3% lower than the Maine median; an average commute of 29 minutes; unemployment of 4.3%.
What is the median age in Hancock?
The median age in Hancock is 56.3 years (Maine: 44.8).
How long is the commute in Hancock?
The average commute to work in Hancock is 29 minutes; 5.1% of workers work from home.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hancock?
34.9% 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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