Living in Hanover, Michigan
Cost of living, income, home prices, rent and demographics of Hanover · Census data 2020–2024
Hanover has 375 residents with a median age of 36.6. The median household income is $62,656 (14% lower than the Michigan median), the median home value is $145,800, the median rent is $978/month.
Hanover is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hanover at a glance
- Population
- 375
- Median age
- 36.6State: 40.2
- Median household income
- $62,656State: $72,875
- Median home value
- $145,800State: $231,600
- Median rent
- $978/moState: $1,129
- Homeowners
- 72%
- Bachelor's degree or higher
- 8.7%
- Average commute
- 23 min
Is Hanover a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 23 minutes; unemployment of 1.6%; a poverty rate of 12.5%.
Cons: Median household income 14% lower than the Michigan median.
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 $145,800, 56% lower than the U.S. median. Renters pay a median of $978 per month, which is 33.3% of household income. Homeowners with a mortgage pay $1,208 a month in housing costs.
Hanover median household income
The median household income in Hanover is $62,656 and the income per person is $29,048. 12.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Hanover: homes for sale and rent
- Housing units
- 175
- Owner-occupied
- 72%
- Renter-occupied
- 28%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 2.33
Hanover demographics
- Population
- 375
- Median age
- 36.6
- Under 18
- 26.4%
- 65 and older
- 20.8%
- Households
- 161
- Foreign-born
- 0%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Hanover ›
Education in Hanover
8.7% of adults 25 and older in Hanover have a bachelor's degree or higher (Michigan: 32.4%), and 0.8% have a graduate or professional degree.
Jobs and commute in Hanover
- Unemployment rate
- 1.6%State: 5.7%
- Average commute
- 23 minState: 24 min
- Work from home
- 5%
- Drive alone
- 84%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 93.8%
Hanover vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hanover | 375 | $62,656 | $145,800 | $978 |
| Lake LeAnn | 1,657 | $89,076 | $266,600 | — |
| Concord | 1,118 | $60,625 | $176,800 | $794 |
| Spring Arbor | 2,275 | $63,631 | $225,000 | $910 |
| North Adams | 435 | $52,813 | $99,500 | $900 |
| Jonesville | 2,319 | $65,200 | $162,900 | $811 |
| Vandercook Lake | 4,375 | $59,262 | $136,600 | $1,141 |
| Litchfield | 1,566 | $53,182 | $117,000 | $734 |
| Parma | 624 | $71,250 | $158,500 | $1,065 |
More for people moving to Hanover
Hanover ZIP code ›Weather and climate ›Living in Hanover: FAQ
What is the median household income in Hanover, MI?
The median household income in Hanover is $62,656, 14% lower than the Michigan median of $72,875 (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 $145,800, compared with $231,600 in Michigan.
How much is rent in Hanover?
The median gross rent in Hanover is $978 per month, about 33.3% of household income.
Is Hanover, MI a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 23 minutes; unemployment of 1.6%; a poverty rate of 12.5%. Minuses: median household income 14% lower than the Michigan median.
What is the median age in Hanover?
The median age in Hanover is 36.6 years (Michigan: 40.2).
How long is the commute in Hanover?
The average commute to work in Hanover is 23 minutes; 5% of workers work from home.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hanover?
8.7% 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.
Last updated: