Hancock, MI
Full City Profile · Michigan · Keweenaw County County
Hancock, MI
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 $55,278 , which is 26% below the national average of $75,149. Per capita income is $36,738. The unemployment rate stands at 2.0% (44% below the U.S. rate of 3.6%). 5.3% of residents live below the poverty line. The area is home to 85 business establishments, including 19 restaurants.
Housing & Cost of Living
The median home value in Hancock is $185,700 , 34% below the national median of $281,900. Zillow estimates the typical home at $232,862. Median rent is $740/month, with 34.5% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1956.
Safety & Crime
Hancock reports 199 violent crimes per 100,000 residents , which is 48% below the national average of 380/100K. Property crime is 354/100K.
Education
45.8% of adults in Hancock hold a bachelor's degree or higher (36% above the national average). 95.6% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Hancock has an average annual temperature of 41°F (5°C). Winters average 16°F in January while summers reach 65°F in July. Annual precipitation totals 31.6 inches.