Hancock, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Hancock, MI: Quick Facts & Overview
- Population: 4,574 residents (635 people per sq. mi.)
- Average House Price: $179,489
- Average Household Income: $59,519
Hancock, MI is located in the state of Michigan. It is home to about 4,574 people, with around 635 residents living in every square mile.
If you want to buy a house in Hancock, the average price is around $179,489. That makes local housing 19% lower than the Michigan average of $221,733, and 42% lower than the national average of $308,592.
The average household in Hancock earns about $59,519 a year. This income is 19% lower than the average family in Michigan ($73,374), and 24% lower than the national average ($78,686).
Population
4,574
Median Household Income
$59,519
Median Home Value
$179,489
Median Age
31.9 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $33,365 |
| Labor Force Participation | 59.5% |
| Unemployment Rate | 1.8% |
| Average Commute Time | 11.1 mins |
Housing & Community Metrics
| Home Ownership Rate | 55.6% |
| Median Rent | $835 |
| Rent Burdened (>30% Income) | 27.9% |
| Total Housing Units | 1,818 |
Additional Census & Housing Profile
Geographic Overview
| County | Houghton |
| County FIPS | 26061 |
| Metro Area (CBSA) | Houghton, MI |
| Population Density | 635.4/sq mi |
| Coordinates (lat/lng) | 47.1367, -88.5979 |
| Timezone | America/Detroit |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 3.06 |
| Dual Income Families | 52.0% |
Marital Status
| Married | 33.5% |
| Never Married | 49.4% |
| Divorced | 10.9% |
| Widowed | 6.2% |
Gender
| Male | 53.5% |
| Female | 46.5% |
Health & Poverty
| Uninsured Rate (Health) | 9.2% |
| Poverty Rate | 19.1% |
Key Population Groups
| Veterans | 7.8% |
| Disabled Population | 14.2% |
| Limited English Proficiency | 0.1% |
All ZIP Codes in Hancock
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49930 | 7,405 | $72,314 | $206,034 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Houghton, MI | 2.2 miles | 8,474 |
| Hurontown, MI | 2.2 miles | 134 |
| Atlantic Mine, MI | 2.7 miles | 491 |
| Dodgeville, MI | 3.2 miles | 409 |
| Dollar Bay, MI | 4.2 miles | 1,049 |
| South Range, MI | 5.1 miles | 482 |
| Trimountain, MI | 6.3 miles | 196 |
| Painesdale, MI | 7.3 miles | 416 |
| Chassell, MI | 8 miles | 899 |
| Hubbell, MI | 8.1 miles | 881 |
| Lake Linden, MI | 9.9 miles | 1,020 |
| Laurium, MI | 10.1 miles | 1,509 |
| Calumet, MI | 10.2 miles | 645 |
| Copper City, MI | 14.2 miles | 253 |
| Mohawk, MI | 16.4 miles | 264 |
| Baraga, MI | 25.3 miles | 1,939 |
| Zeba, MI | 25.3 miles | 342 |
| Skanee, MI | 25.7 miles | 116 |
| L'Anse, MI | 27.5 miles | 1,790 |
| Eagle Harbor, MI | 30.1 miles | 110 |
| Mass City, MI | 34.6 miles | 299 |
| Ontonagon, MI | 38.5 miles | 1,355 |
| Rockland, MI | 38.8 miles | 246 |
| Copper Harbor, MI | 40.9 miles | 163 |
| Covington, MI | 41.4 miles | 112 |
| Three Lakes, MI | 45.4 miles | 172 |
| Big Bay, MI | 47.8 miles | 306 |
| Michigamme, MI | 48.8 miles | 229 |
| Bruce Crossing, MI | 49.5 miles | 257 |