All Countries
Hancock, MD
Full City Profile · Maryland · Morgan County County
2.9
/5.0
C+
Fair
1,715
Population
576/sq mi density
$39,375
Median Income
$28,355 per capita
$175,000
Home Value
$248,337 Zillow
$928
Median Rent
46.7% income on rent
52°F
Avg Temperature
293 sunny days/yr
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$39,375 median income, 2.5% unemployment
A
Affordability
4.2 / 5.0
$175,000 home value, $928/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.8 / 5.0
10.1% bachelor's degree or higher
Income Overview
Median Household Income
$39,375
48% below
US avg: $75,149
Per Capita Income
$28,355
27% below
US avg: $39,052
Unemployment Rate
2.5%
31% below
US avg: 3.6%
Poverty Rate
12.8%
3% above
US avg: 12.4%
Income Comparison: Hancock vs. U.S. Average
Each bar shows Hancock’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$39,375
52%
Per Capita
US: $39,052
$28,355
73%
IRS Avg AGI
US: $72,000
$59,981
83%
Avg Weekly Wage
US: $1,432
$889
62%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$889
38% below US avg ($1,432)
Mean Commute Time
30 min
10% above US avg (28 min)
Work From Home
5.2%
66% below US avg (15.2%)
Drive Alone
74.5%
2% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$413M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
74.5%
Public Transit
0%
Work From Home
5.2%
Other
20.3%
Average commute time
30 minutes
US avg: 28 min
Business Landscape
Total Establishments
386
Restaurants
30
Healthcare
21
Retail
42
Manufacturing
6
Tax & Financial
IRS Avg Adjusted Gross Income
$59,981
17% below US avg ($72,000)
Avg Property Tax
$2,431
31% below US avg ($3,500)
Cost of Living Index
105.0
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $39,375 |
| Per Capita Income | $28,355 |
| IRS Avg Adjusted Gross Income | $59,981 |
| Avg Weekly Wage | $889 |
| County GDP | $413M |
Hardship Indicators
| Unemployment Rate | 2.5% |
| Poverty Rate | 12.8% |
| Gini Coefficient | 0.403 |
| Cost of Living Index | 105.0 |
Commute
| Mean Commute | 30 minutes |
| Drive Alone | 74.5% |
| Public Transit | 0.0% |
| Work From Home | 5.2% |
Businesses
| Total Establishments | 386 |
| Restaurants | 30 |
| Healthcare | 21 |
| Retail | 42 |
| Manufacturing | 6 |
Tax
| IRS Avg AGI | $59,981 |
| Avg Property Tax | $2,431 |