Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.1 yrs |
|---|---|
| Avg HH Size | 2.21 |
| Below Poverty | 22.8% ▲ 128% above avg |
| College Grads | 28.6% ▼ 26% below avg |
| Unemployment | 5.2% ≈ Avg |
| No HS Diploma | 6 (0.7%) |
| HS Graduate | 393 (43%) |
| Some College | 79 (8.6%) |
| Associates | 175 (19.1%) |
| Bachelors | 98 (10.7%) |
| Graduate Degree | 164 (17.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $44,464 ▼ 42% below avg |
|---|---|
| Median Home Value | $112,300 ▼ 60% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $769/mo |
| Total Housing Units | 797 |
| Vacant Units | 151 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hanover is a city in Illinois, located in Jo Daviess County. The city spans 1 ZIP code and is home to approximately 1,428 residents. It is a middle-aged city, with a median age of 40.1 years.
Economically, Hanover is a working-class community. The median household income of $44,464 is below the national average. Approximately 22.8% of residents live below the poverty line. The unemployment rate is 5.2%, near the national average.
The real estate market in Hanover is one of the more affordable housing markets in the country. Median home values stand at $112,300, which is well below the national average. Renters typically pay around $769 per month. Homeownership is high at 70.9%, typical of suburban and family-oriented communities.
The population of Hanover is moderately educated. 28.6% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (88.59%).
Hanover, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 61041 | 1,428 | $44,464 | $112,300 | $769 | 5.2% | 28.6% | 70.9% |