Living in Hanover, Maine
Cost of living, income, home prices, rent and demographics of Hanover · Census data 2020–2024
Hanover has 276 residents with a median age of 53.3. The median household income is $55,417 (26% lower than the Maine median), the median home value is $334,500.
Hanover is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hanover at a glance
- Population
- 276
- Median age
- 53.3State: 44.8
- Median household income
- $55,417State: $74,733
- Median home value
- $334,500State: $296,600
- Homeowners
- 91.8%
- Bachelor's degree or higher
- 44.7%
- Average commute
- 22 min
Is Hanover a good place to live?
Pros: An average commute of 22 minutes; unemployment of 3.4%.
Cons: Median household income 26% lower than the Maine median; home values 13% higher than the state median; a poverty rate of 18.8%.
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 $334,500, about the same as the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,181 a month in housing costs.
Hanover median household income
The median household income in Hanover is $55,417 and the income per person is $90,475. 18.8% of residents live below the poverty line (Maine: 10.7%).
Housing in Hanover: homes for sale and rent
- Housing units
- 307
- Owner-occupied
- 91.8%
- Renter-occupied
- 8.2%
- Vacant
- 52.4%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 1.89
52.4% of homes are vacant most of the year, a sign that Hanover has many vacation and second homes.
Hanover demographics
- Population
- 276
- Median age
- 53.3
- Under 18
- 15.9%
- 65 and older
- 21.7%
- Households
- 146
- Foreign-born
- 3.3%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Hanover ›
Education in Hanover
44.7% of adults 25 and older in Hanover have a bachelor's degree or higher (Maine: 36.2%), and 15.7% have a graduate or professional degree.
Jobs and commute in Hanover
- Unemployment rate
- 3.4%State: 3.8%
- Average commute
- 22 minState: 25 min
- Work from home
- 25%
- Drive alone
- 72.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.4%
Hanover vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hanover | 276 | $55,417 | $334,500 | — |
| Bethel | 2,617 | $58,929 | $344,900 | $864 |
| Newry | 177 | $67,000 | $307,700 | $1,125 |
| Andover | 679 | $49,922 | $168,300 | — |
| Rumford | 5,942 | $38,403 | $127,700 | $803 |
| Woodstock | 1,233 | $63,015 | $219,600 | $963 |
| Greenwood | 781 | $76,146 | $228,700 | $1,263 |
| Gilead | 187 | $42,344 | $235,000 | $993 |
| Mexico | 2,782 | $55,727 | $110,800 | $1,027 |
More for people moving to Hanover
Hanover ZIP code ›Weather and climate ›Living in Hanover: FAQ
What is the median household income in Hanover, ME?
The median household income in Hanover is $55,417, 26% 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 Hanover?
The median home value in Hanover is $334,500, compared with $296,600 in Maine.
Is Hanover, ME a good place to live?
Pluses: an average commute of 22 minutes; unemployment of 3.4%. Minuses: median household income 26% lower than the Maine median; home values 13% higher than the state median; a poverty rate of 18.8%.
What is the median age in Hanover?
The median age in Hanover is 53.3 years (Maine: 44.8).
How long is the commute in Hanover?
The average commute to work in Hanover is 22 minutes; 25% of workers work from home.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hanover?
44.7% 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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