Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.6 yrs |
|---|---|
| Avg HH Size | 2.21 |
| Below Poverty | 11.1% ▲ 11% above avg |
| College Grads | 42.2% ▲ 9% above avg |
| Unemployment | 3.9% ▼ 21% below avg |
| No HS Diploma | 14 (0.8%) |
| HS Graduate | 537 (29.2%) |
| Some College | 302 (16.4%) |
| Associates | 209 (11.4%) |
| Bachelors | 182 (9.9%) |
| Graduate Degree | 594 (32.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $69,504 ▼ 9% below avg |
|---|---|
| Median Home Value | $237,900 ▼ 15% below avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,158/mo |
| Total Housing Units | 1,454 |
| Vacant Units | 365 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hancock is a city in Maine, located in Hancock County. The city spans 1 ZIP code and is home to approximately 2,451 residents. It is a mature city, with a median age of 51.6 years.
Economically, Hancock is a solidly middle-class community. The median household income of $69,504 is near the national average. Approximately 11.1% of residents live below the poverty line. The unemployment rate is 3.9%, below the national average.
The real estate market in Hancock is an affordable housing market. Median home values stand at $237,900, which is near the national average. Renters typically pay around $1,158 per month. Homeownership is high at 82.7%, typical of suburban and family-oriented communities.
The population of Hancock is well-educated. 42.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (93.35%).
Hancock, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04640 | 2,451 | $69,504 | $237,900 | $1,158 | 3.9% | 42.2% | 82.7% |