Hanover, IN

Full City Profile · Indiana · Jefferson County County

3.6 /5.0
B+ Good
3,584 Population 1,614/sq mi density
$58,194 Median Income $23,048 per capita
$126,300 Home Value $226,151 Zillow
$913 Median Rent 26.4% income on rent
56°F Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$58,194 median income, 5.8% unemployment
A+
Affordability
5.0 / 5.0
$126,300 home value, $913/mo rent
C
Education
2.3 / 5.0
16.3% bachelor's degree or higher

Hanover, IN

At a Glance

Median Income
$58,194
23% below
$23,048 per capita
Home Value
$126,300
55% below
Zillow: $226,151
Median Rent
$913/mo
21% below
26.4% of income on rent
Bachelor's Degree+
16.3%
52% below
87.3% high school+
Unemployment
5.8%
61% above
7.7% poverty rate
Obesity Rate
37.8%
18% above
17.8% smoking rate
Avg Temperature
56°F

How Hanover Compares to the U.S. Average

Each bar shows Hanover's value as a percentage of the national average (100% = U.S. avg)

Income
77%
Home Value
45%
Rent
79%
Poverty
62%
Bachelor's
48%
Unemployment
161%
Thin vertical line = U.S. national average (100%)

Is Hanover a Good Place to Live?

B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Hanover residents earn a median household income of $58,194 , which is 23% below the national average of $75,149. Per capita income is $23,048. The unemployment rate stands at 5.8% (61% above the U.S. rate of 3.6%). 7.7% of residents live below the poverty line. The area is home to 726 business establishments, including 77 restaurants.

Housing & Cost of Living

The median home value in Hanover is $126,300 , 55% below the national median of $281,900. Zillow estimates the typical home at $226,151. Median rent is $913/month, with 26.4% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1972.

Education

16.3% of adults in Hanover hold a bachelor's degree or higher (52% below the national average). 87.3% have completed high school. Local schools score 5.5/10 in standardized testing.

Climate & Weather

Hanover has an average annual temperature of 56°F (13°C). Winters average 33°F in January while summers reach 77°F in July. Annual precipitation totals 49.4 inches.

Data Overview

People

Population3,584
Median Age28.8 yrs
Density1,614/mi²
Male / Female49% / 51%
Foreign Born0.9%
Veterans7.4%

Economy

B+
Median Income$58,194
Per Capita$23,048
Unemployment5.8%
Poverty7.7%
County GDP$2,066M
Avg Weekly Wage$978

Housing

A+
Home Value$126,300
Rent$913
Ownership67.8%
Zillow$226,151
Housing Units1,063
Rent Burden26.4%

Health

Obesity37.8%
Diabetes11.5%
Smoking17.8%
Heart Disease6.0%
Premature Death10,875/100K

Climate

Avg Temp56°F
Rain49.4 in/yr
Elevation774 ft

Education

C
Bachelor's+16.3%
High School+87.3%
Graduate+4.8%
School Score5.5/10

Community

2024 VoteR 67% / D 31%
Commute19 min
Broadband89.5%
Internet Speed184 Mbps
EV Stations6
Libraries2

Did You Know?

The median home in Hanover was built in 1972.
The nearest airport is Louisville Muhammad Ali International (40 miles).
The Gini coefficient (income inequality) is 0.437 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
20.2% of the population has a disability.
Average internet download speed is 184 Mbps.
The county recorded 2 fatal vehicle crashes.