Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.8 yrs |
|---|---|
| Avg HH Size | 2.72 |
| Below Poverty | 6.3% ▼ 37% below avg |
| College Grads | 34.4% ▼ 11% below avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 9 (1%) |
| HS Graduate | 307 (33.5%) |
| Some College | 101 (11%) |
| Associates | 184 (20.1%) |
| Bachelors | 140 (15.3%) |
| Graduate Degree | 175 (19.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $82,841 ▲ 9% above avg |
|---|---|
| Median Home Value | $137,500 ▼ 51% below avg |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $854/mo |
| Total Housing Units | 728 |
| Vacant Units | 91 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hancock is a city in Minnesota, located in Stevens County. The city spans 1 ZIP code and is home to approximately 1,739 residents. It is a relatively young city, with a median age of 32.8 years.
Economically, Hancock is a middle-income community. The median household income of $82,841 is near the national average. Approximately 6.3% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Hancock is one of the more affordable housing markets in the country. Median home values stand at $137,500, which is well below the national average. Renters typically pay around $854 per month. Homeownership is high at 81.2%, typical of suburban and family-oriented communities.
The population of Hancock is moderately educated. 34.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.34%).
Hancock, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56244 | 1,739 | $82,841 | $137,500 | $854 | 2.4% | 34.4% | 81.2% |