Living in Hancock, Maryland
Cost of living, income, home prices, rent and demographics of Hancock · Census data 2020–2024
Hancock has 1,625 residents with a median age of 41.8. The median household income is $34,886 (66% lower than the Maryland median), the median home value is $190,900, the median rent is $924/month.
Hancock at a glance
- Population
- 1,625
- Median age
- 41.8State: 39.4
- Median household income
- $34,886State: $103,678
- Median home value
- $190,900State: $419,900
- Median rent
- $924/moState: $1,705
- Homeowners
- 57.9%
- Bachelor's degree or higher
- 10.2%
- Average commute
- 37 min
Is Hancock a good place to live?
Pros: Home values 55% lower than the state median; unemployment of 2.7%.
Cons: Median household income 66% lower than the Maryland median; an average commute of 37 minutes; a poverty rate of 23.7%.
The weather is best in May–June and September–October.
Cost of living in Hancock
Housing is the biggest part of the cost of living. In Hancock the median home value is $190,900, 43% lower than the U.S. median. Renters pay a median of $924 per month, which is 48.1% of household income. Homeowners with a mortgage pay $1,236 a month in housing costs.
Hancock median household income
The median household income in Hancock is $34,886 and the income per person is $26,201. 23.7% of residents live below the poverty line (Maryland: 9.4%).
Housing in Hancock: homes for sale and rent
- Housing units
- 928
- Owner-occupied
- 57.9%
- Renter-occupied
- 42.1%
- Vacant
- 13.9%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.03
Hancock demographics
- Population
- 1,625
- Median age
- 41.8
- Under 18
- 24.2%
- 65 and older
- 19%
- Households
- 799
- Foreign-born
- 0%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Hancock ›
Education in Hancock
10.2% of adults 25 and older in Hancock have a bachelor's degree or higher (Maryland: 43.4%), and 5.2% have a graduate or professional degree.
Jobs and commute in Hancock
- Unemployment rate
- 2.7%State: 4.9%
- Average commute
- 37 minState: 31 min
- Work from home
- 7.1%
- Drive alone
- 72.9%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 79.1%
Hancock vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hancock | 1,625 | $34,886 | $190,900 | $924 |
| Bethel | 1,533 | $74,856 | $264,200 | $823 |
| Thompson | 952 | $81,932 | $261,900 | $1,104 |
| Bath (Berkeley Springs) | 975 | $39,219 | $185,100 | $762 |
| Union | 972 | $96,023 | $264,800 | $900 |
| Great Cacapon | 587 | $53,173 | $81,900 | — |
| Warren | 372 | $84,750 | $330,700 | $763 |
| Needmore | 196 | $71,979 | $144,900 | $1,672 |
| Belfast | 1,403 | $64,074 | $198,700 | $854 |
More for people moving to Hancock
Hancock ZIP code ›Weather and climate ›Living in Hancock: FAQ
What is the median household income in Hancock, MD?
The median household income in Hancock is $34,886, 66% lower than the Maryland median of $103,678 (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 $190,900, compared with $419,900 in Maryland.
How much is rent in Hancock?
The median gross rent in Hancock is $924 per month, about 48.1% of household income.
Is Hancock, MD a good place to live?
Pluses: home values 55% lower than the state median; unemployment of 2.7%. Minuses: median household income 66% lower than the Maryland median; an average commute of 37 minutes; a poverty rate of 23.7%.
What is the median age in Hancock?
The median age in Hancock is 41.8 years (Maryland: 39.4).
How long is the commute in Hancock?
The average commute to work in Hancock is 37 minutes; 7.1% of workers work from home.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hancock?
10.2% 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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