Hancock, MD
Full City Profile · Maryland · Morgan County County
Hancock, MD
At a Glance
How Hancock Compares to the U.S. Average
Each bar shows Hancock's value as a percentage of the national average (100% = U.S. avg)
Is Hancock a Good Place to Live?
Economy & Jobs
Hancock residents earn a median household income of $39,375 , which is 48% below the national average of $75,149. Per capita income is $28,355. The unemployment rate stands at 4.2% (17% above the U.S. rate of 3.6%). 12.8% of residents live below the poverty line. The area is home to 386 business establishments, including 30 restaurants.
Housing & Cost of Living
The median home value in Hancock is $175,000 , 38% below the national median of $281,900. Zillow estimates the typical home at $256,932. Median rent is $928/month, with 46.7% of renters spending more than 30% of income on housing. The cost of living index is 105.0 (100 = national average). The median home was built in 1956.
Safety & Crime
Hancock reports 64 violent crimes per 100,000 residents , which is 83% below the national average of 380/100K. Property crime is 770/100K.
Education
10.1% of adults in Hancock hold a bachelor's degree or higher (70% below the national average). 90.0% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Hancock has an average annual temperature of 52°F (11°C). Winters average 31°F in January while summers reach 74°F in July. Annual precipitation totals 42.8 inches.