Living in Hancock, Minnesota
Cost of living, income, home prices, rent and demographics of Hancock · Census data 2020–2024
Hancock has 859 residents with a median age of 37.1. The median household income is $70,481 (21% lower than the Minnesota median), the median home value is $98,800, the median rent is $792/month.
Hancock is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hancock at a glance
- Population
- 859
- Median age
- 37.1State: 38.8
- Median household income
- $70,481State: $89,062
- Median home value
- $98,800State: $329,300
- Median rent
- $792/moState: $1,280
- Homeowners
- 81.7%
- Bachelor's degree or higher
- 16.7%
- Average commute
- 16 min
Is Hancock a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 16 minutes; a poverty rate of 7.8%.
Cons: Median household income 21% lower than the Minnesota median; unemployment of 5.2%.
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 $98,800, 70% lower than the U.S. median. Renters pay a median of $792 per month, which is 21.9% of household income. Homeowners with a mortgage pay $1,010 a month in housing costs.
Hancock median household income
The median household income in Hancock is $70,481 and the income per person is $30,671. 7.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Hancock: homes for sale and rent
- Housing units
- 362
- Owner-occupied
- 81.7%
- Renter-occupied
- 18.3%
- Vacant
- 10.8%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.64
Hancock demographics
- Population
- 859
- Median age
- 37.1
- Under 18
- 27.7%
- 65 and older
- 14.9%
- Households
- 323
- Foreign-born
- 9.8%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hancock ›
Education in Hancock
16.7% of adults 25 and older in Hancock have a bachelor's degree or higher (Minnesota: 39.4%), and 2.8% have a graduate or professional degree.
Jobs and commute in Hancock
- Unemployment rate
- 5.2%State: 4.1%
- Average commute
- 16 minState: 23 min
- Work from home
- 5.6%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 4.9%
- Homes with broadband
- 92.3%
Hancock vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hancock | 859 | $70,481 | $98,800 | $792 |
| Morris | 5,128 | $67,727 | $209,600 | $950 |
| Cyrus | 355 | $57,083 | $105,200 | $679 |
| Starbuck | 1,235 | $72,583 | $168,300 | $1,000 |
| Danvers | 126 | $122,727 | $161,500 | — |
| Benson | 3,441 | $52,821 | $156,000 | $982 |
| Donnelly | 277 | $70,313 | $100,000 | $1,300 |
| Chokio | 392 | $47,000 | $92,500 | $779 |
| Lowry | 348 | $80,000 | $177,100 | $856 |
More for people moving to Hancock
Hancock ZIP code ›Weather and climate ›Living in Hancock: FAQ
What is the median household income in Hancock, MN?
The median household income in Hancock is $70,481, 21% lower than the Minnesota median of $89,062 (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 $98,800, compared with $329,300 in Minnesota.
How much is rent in Hancock?
The median gross rent in Hancock is $792 per month, about 21.9% of household income.
Is Hancock, MN a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 16 minutes; a poverty rate of 7.8%. Minuses: median household income 21% lower than the Minnesota median; unemployment of 5.2%.
What is the median age in Hancock?
The median age in Hancock is 37.1 years (Minnesota: 38.8).
How long is the commute in Hancock?
The average commute to work in Hancock is 16 minutes; 5.6% of workers work from home.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hancock?
16.7% 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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