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Hanover, Illinois

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
829
Population
$42,250
Median Income
$89,500
Home Value
46.5
Median Age

Demographics

Hanover has a population of 829 with a median age of 46.5. Here is the racial and ethnic breakdown of the population:

White
90.1%
Hispanic
4.1%
Other
2.6%
Black
2.1%
Asian
1.1%
Demographic Value
Total Population829
Median Age46.5
White90.1%
Black or African American2.1%
Asian1.1%
Hispanic or Latino4.1%
Other / Two or More Races2.6%
Hanover, Illinois — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 90.1%Hispanic/Latino: 4.1%Other: 2.6%Black: 2.1%Other: 1.1%829PopulationWhiteWhite90.1%Hispanic/LatinoHispanic/Latino4.1%OtherOther2.6%BlackBlack2.1%OtherOther1.1%

Income & Economy

The median household income in Hanover is $42,250, which is 47.6% below the national median of $80,610. The per capita income is $24,330. The poverty rate is 21.8%.

$42,250
Median Household Income
$24,330
Per Capita Income
21.8%
Poverty Rate

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Education

In Hanover, 86.4% of residents age 25+ have a high school diploma or higher, and 9.7% hold a bachelor's degree or higher (3.5% with a graduate or professional degree).

HS Diploma+
86.4%
Bachelor's+
9.7%
Graduate+
3.5%
Education Level % of Adults (25+)
High School Diploma or Higher86.4%
Bachelor's Degree or Higher9.7%
Graduate or Professional Degree3.5%

Housing

The median home value in Hanover is $89,500, below the national median of $303,400. The median monthly rent is $705. The homeownership rate is 63.6%.

$89,500
Median Home Value
$705/mo
Median Rent
63.6%
Homeownership Rate
Housing Metric Value
Median Home Value$89,500
Median Monthly Rent$705
Homeownership Rate63.6%
Vacancy Rate12.1%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Hanover, Illinois?
The population of Hanover, Illinois is 829 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hanover, Illinois?
The median household income in Hanover, Illinois is $42,250. This is 47.6% below the national median of $80,610.
What is the median home value in Hanover, Illinois?
The median home value in Hanover, Illinois is $89,500. The median monthly rent is $705.
What percentage of people in Hanover have a college degree?
In Hanover, Illinois, 9.7% of adults age 25 and older hold a bachelor's degree or higher, and 86.4% have a high school diploma or higher.
Is Hanover, Illinois an affordable place to live?
The home price-to-income ratio in Hanover, Illinois is 2.1x (median home value $89,500 vs. median income $42,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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