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ZipNumbers

Minnesota · Census place 26936

Hancock city, MN

Quick answer

Hancock city has 816 residents, ranking #397 of 914 places in Minnesota. Median household income is $69,712, the median home is worth $79,600 and median gross rent runs $738 a month.

Population
816Hancock city residents
Median household income
$69,712Past 12 months, inflation adjusted
Median home value
$79,600Owner-occupied units
Median gross rent
$738Rent plus utilities, monthly
Median age
33.6 yrsAll residents
Homeownership rate
87.6%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 12.7% 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 1.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.2% of residents and 87.6% 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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