All Countries
Hancock, MI
Full City Profile · Michigan · Keweenaw County County
3.6
/5.0
B+
Good
4,510
Population
1,622/sq mi density
$55,278
Median Income
$36,738 per capita
$185,700
Home Value
$210,738 Zillow
$740
Median Rent
34.5% income on rent
41°F
Avg Temperature
253 sunny days/yr
110
Violent Crime/100K
684 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$55,278 median income, 1.3% unemployment
A+
Affordability
4.8 / 5.0
$185,700 home value, $740/mo rent
F
Safety
1.0 / 5.0
110 violent crimes/100K
A+
Education
4.7 / 5.0
45.8% bachelor's degree or higher
Income Overview
Median Household Income
$55,278
26% below
US avg: $75,149
Per Capita Income
$36,738
6% below
US avg: $39,052
Unemployment Rate
1.3%
64% below
US avg: 3.6%
Poverty Rate
5.3%
57% below
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
$55,278
74%
Per Capita
US: $39,052
$36,738
94%
IRS Avg AGI
US: $72,000
$67,299
93%
Avg Weekly Wage
US: $1,432
$684
48%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$684
52% below US avg ($1,432)
Mean Commute Time
12 min
58% below US avg (28 min)
Work From Home
18.0%
18% above US avg (15.2%)
Drive Alone
63.0%
14% below US avg (73.2%)
Public Transit
0.9%
83% below US avg (5.0%)
County GDP
$77M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
63%
Public Transit
0.9%
Work From Home
18%
Other
18.1%
Average commute time
12 minutes
US avg: 28 min
Business Landscape
Total Establishments
85
Restaurants
19
Retail
9
Manufacturing
5
Tax & Financial
IRS Avg Adjusted Gross Income
$67,299
7% below US avg ($72,000)
Avg Property Tax
$6,600
89% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $55,278 |
| Per Capita Income | $36,738 |
| IRS Avg Adjusted Gross Income | $67,299 |
| Avg Weekly Wage | $684 |
| County GDP | $77M |
Hardship Indicators
| Unemployment Rate | 1.3% |
| Poverty Rate | 5.3% |
| Gini Coefficient | 0.457 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 12 minutes |
| Drive Alone | 63.0% |
| Public Transit | 0.9% |
| Work From Home | 18.0% |
Businesses
| Total Establishments | 85 |
| Restaurants | 19 |
| Retail | 9 |
| Manufacturing | 5 |
Tax
| IRS Avg AGI | $67,299 |
| Avg Property Tax | $6,600 |