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ZipNumbers

Michigan · Census place 36300

Hancock city, MI

Quick answer

Hancock city has 4,510 residents, ranking #190 of 745 places in Michigan. Median household income is $55,278, the median home is worth $185,700 and median gross rent runs $740 a month.

Population
4,510Hancock city residents
Median household income
$55,278Past 12 months, inflation adjusted
Median home value
$185,700Owner-occupied units
Median gross rent
$740Rent plus utilities, monthly
Median age
31.4 yrsAll residents
Homeownership rate
53.5%Owner-occupied households

What the numbers mean in Hancock city

Housing cost measured against local earnings.

A household earning the Hancock city median would spend about 16.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.8% of residents and 53.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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