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Hancock, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
859
Population
$70,481
Median Income
$98,800
Home Value
37.1
Median Age

Demographics

Hancock has a population of 859 with a median age of 37.1. Here is the racial and ethnic breakdown of the population:

White
79.7%
Hispanic
12.0%
Other
5.9%
Asian
1.6%
Black
0.8%
Demographic Value
Total Population859
Median Age37.1
White79.7%
Black or African American0.8%
Asian1.6%
Hispanic or Latino12.0%
Other / Two or More Races5.9%
Hancock, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 79.7%Hispanic/Latino: 12.0%Other: 5.9%Other: 2.4%859PopulationWhiteWhite79.7%Hispanic/LatinoHispanic/Latino12.0%OtherOther5.9%OtherOther2.4%

Income & Economy

The median household income in Hancock is $70,481, which is 12.6% below the national median of $80,610. The per capita income is $30,671. The poverty rate is 7.8%.

$70,481
Median Household Income
$30,671
Per Capita Income
7.8%
Poverty Rate

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Education

In Hancock, 94.3% of residents age 25+ have a high school diploma or higher, and 16.7% hold a bachelor's degree or higher (2.8% with a graduate or professional degree).

HS Diploma+
94.3%
Bachelor's+
16.7%
Graduate+
2.8%
Education Level % of Adults (25+)
High School Diploma or Higher94.3%
Bachelor's Degree or Higher16.7%
Graduate or Professional Degree2.8%

Housing

The median home value in Hancock is $98,800, below the national median of $303,400. The median monthly rent is $792. The homeownership rate is 81.7%.

$98,800
Median Home Value
$792/mo
Median Rent
81.7%
Homeownership Rate
Housing Metric Value
Median Home Value$98,800
Median Monthly Rent$792
Homeownership Rate81.7%
Vacancy Rate10.8%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Hancock, Minnesota?
The population of Hancock, Minnesota is 859 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hancock, Minnesota?
The median household income in Hancock, Minnesota is $70,481. This is 12.6% below the national median of $80,610.
What is the median home value in Hancock, Minnesota?
The median home value in Hancock, Minnesota is $98,800. The median monthly rent is $792.
What percentage of people in Hancock have a college degree?
In Hancock, Minnesota, 16.7% of adults age 25 and older hold a bachelor's degree or higher, and 94.3% have a high school diploma or higher.
Is Hancock, Minnesota an affordable place to live?
The home price-to-income ratio in Hancock, Minnesota is 1.4x (median home value $98,800 vs. median income $70,481), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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