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
Compare with nearby places
Places of similar size in Minnesota.
- Hallock city 829
- Freeport city 827
- Kerkhoven city 826
- Loretto city 805
- Lanesboro city 804
- Landfall city 802
- Watkins city 797
Keep going
More Minnesota coverage.