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Hanover, Indiana

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
3,554
Population
$53,929
Median Income
$138,700
Home Value
28.1
Median Age

Demographics

Hanover has a population of 3,554 with a median age of 28.1. Here is the racial and ethnic breakdown of the population:

White
94.2%
Other
2.7%
Asian
1.5%
Hispanic
1.0%
Black
0.6%
Demographic Value
Total Population3,554
Median Age28.1
White94.2%
Black or African American0.6%
Asian1.5%
Hispanic or Latino1.0%
Other / Two or More Races2.7%
Hanover, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 94.2%Other: 3.1%Other: 2.7%3,554PopulationWhiteWhite94.2%OtherOther3.1%OtherOther2.7%

Income & Economy

The median household income in Hanover is $53,929, which is 33.1% below the national median of $80,610. The per capita income is $20,759. The poverty rate is 13.1%.

$53,929
Median Household Income
$20,759
Per Capita Income
13.1%
Poverty Rate

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Education

In Hanover, 86.2% of residents age 25+ have a high school diploma or higher, and 17.0% hold a bachelor's degree or higher (6.6% with a graduate or professional degree).

HS Diploma+
86.2%
Bachelor's+
17.0%
Graduate+
6.6%
Education Level % of Adults (25+)
High School Diploma or Higher86.2%
Bachelor's Degree or Higher17.0%
Graduate or Professional Degree6.6%

Housing

The median home value in Hanover is $138,700, below the national median of $303,400. The median monthly rent is $900. The homeownership rate is 63.9%.

$138,700
Median Home Value
$900/mo
Median Rent
63.9%
Homeownership Rate
Housing Metric Value
Median Home Value$138,700
Median Monthly Rent$900
Homeownership Rate63.9%
Vacancy Rate10.2%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Hanover, Indiana?
The population of Hanover, Indiana is 3,554 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hanover, Indiana?
The median household income in Hanover, Indiana is $53,929. This is 33.1% below the national median of $80,610.
What is the median home value in Hanover, Indiana?
The median home value in Hanover, Indiana is $138,700. The median monthly rent is $900.
What percentage of people in Hanover have a college degree?
In Hanover, Indiana, 17.0% of adults age 25 and older hold a bachelor's degree or higher, and 86.2% have a high school diploma or higher.
Is Hanover, Indiana an affordable place to live?
The home price-to-income ratio in Hanover, Indiana is 2.6x (median home value $138,700 vs. median income $53,929), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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