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Hancock, MN

Full City Profile · Minnesota · Stevens County County

3.1 /5.0
B Good
816 Population 907/sq mi density
$69,712 Median Income $31,177 per capita
$79,600 Home Value $201,498 Zillow
$738 Median Rent 22.0% income on rent
44°F Avg Temperature 276 sunny days/yr
206 Violent Crime/100K 1,963 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$69,712 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$79,600 home value, $738/mo rent
F
Safety
1.0 / 5.0
206 violent crimes/100K
C
Education
2.3 / 5.0
16.1% bachelor's degree or higher

Income Overview

Median Household Income
$69,712
7% below
US avg: $75,149
Per Capita Income
$31,177
20% below
US avg: $39,052
Unemployment Rate
2.5%
31% below
US avg: 3.6%
Poverty Rate
2.7%
78% 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
$69,712
93%
Per Capita
US: $39,052
$31,177
80%
IRS Avg AGI
US: $72,000
$74,811
104%
Avg Weekly Wage
US: $1,432
$1,218
85%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,218
15% below US avg ($1,432)
Mean Commute Time
16 min
41% below US avg (28 min)
Work From Home
2.1%
86% below US avg (15.2%)
Drive Alone
82.1%
12% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$816M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 82.1%
Public Transit 0%
Work From Home 2.1%
Other 15.8%
Average commute time
16 minutes
US avg: 28 min

Business Landscape

Total Establishments
390
Restaurants
27
Healthcare
41
Retail
50
Manufacturing
13

Tax & Financial

IRS Avg Adjusted Gross Income
$74,811
4% above US avg ($72,000)
Avg Property Tax
$3,455
1% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$69,712
Per Capita Income$31,177
IRS Avg Adjusted Gross Income$74,811
Avg Weekly Wage$1,218
County GDP$816M

Hardship Indicators

Unemployment Rate2.5%
Poverty Rate2.7%
Gini Coefficient0.482
Cost of Living Index98.6

Commute

Mean Commute16 minutes
Drive Alone82.1%
Public Transit0.0%
Work From Home2.1%

Businesses

Total Establishments390
Restaurants27
Healthcare41
Retail50
Manufacturing13

Tax

IRS Avg AGI$74,811
Avg Property Tax$3,455