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
Compare with nearby places
Places of similar size in Michigan.
- Negaunee city 4,641
- Michigan Center CDP 4,623
- Fremont city 4,532
- Dexter city 4,495
- Wolverine Lake village 4,476
- Vandercook Lake CDP 4,434
- Wayland city 4,430
Keep going
More Michigan coverage.