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Hanover, Michigan

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
375
Population
$62,656
Median Income
$145,800
Home Value
36.6
Median Age

Demographics

Hanover has a population of 375 with a median age of 36.6. Here is the racial and ethnic breakdown of the population:

White
89.6%
Hispanic
5.3%
Black
4.5%
Other
0.6%
Demographic Value
Total Population375
Median Age36.6
White89.6%
Black or African American4.5%
Hispanic or Latino5.3%
Other / Two or More Races0.6%
Hanover, Michigan — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 89.6%Hispanic/Latino: 5.3%Black: 4.5%Other: 0.6%375PopulationWhiteWhite89.6%Hispanic/LatinoHispanic/Latino5.3%BlackBlack4.5%OtherOther0.6%

Income & Economy

The median household income in Hanover is $62,656, which is 22.3% below the national median of $80,610. The per capita income is $29,048. The poverty rate is 12.5%.

$62,656
Median Household Income
$29,048
Per Capita Income
12.5%
Poverty Rate

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Education

In Hanover, 93.4% of residents age 25+ have a high school diploma or higher, and 8.7% hold a bachelor's degree or higher (0.8% with a graduate or professional degree).

HS Diploma+
93.4%
Bachelor's+
8.7%
Graduate+
0.8%
Education Level % of Adults (25+)
High School Diploma or Higher93.4%
Bachelor's Degree or Higher8.7%
Graduate or Professional Degree0.8%

Housing

The median home value in Hanover is $145,800, below the national median of $303,400. The median monthly rent is $978. The homeownership rate is 72.0%.

$145,800
Median Home Value
$978/mo
Median Rent
72.0%
Homeownership Rate
Housing Metric Value
Median Home Value$145,800
Median Monthly Rent$978
Homeownership Rate72.0%
Vacancy Rate8.0%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Hanover, Michigan?
The population of Hanover, Michigan is 375 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hanover, Michigan?
The median household income in Hanover, Michigan is $62,656. This is 22.3% below the national median of $80,610.
What is the median home value in Hanover, Michigan?
The median home value in Hanover, Michigan is $145,800. The median monthly rent is $978.
What percentage of people in Hanover have a college degree?
In Hanover, Michigan, 8.7% of adults age 25 and older hold a bachelor's degree or higher, and 93.4% have a high school diploma or higher.
Is Hanover, Michigan an affordable place to live?
The home price-to-income ratio in Hanover, Michigan is 2.3x (median home value $145,800 vs. median income $62,656), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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