All Countries
Hanover, MN
Full City Profile · Minnesota · Hennepin County County
4.0
/5.0
A
Great
3,495
Population
637/sq mi density
$147,944
Median Income
$52,771 per capita
$421,700
Home Value
$443,613 Zillow
$1,806
Median Rent
24.9% income on rent
44°F
Avg Temperature
270 sunny days/yr
41
Violent Crime/100K
2,340 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$147,944 median income, 0.9% unemployment
A+
Affordability
5.0 / 5.0
$421,700 home value, $1,806/mo rent
F
Safety
1.0 / 5.0
41 violent crimes/100K
A+
Education
4.8 / 5.0
47.8% bachelor's degree or higher
Income Overview
Median Household Income
$147,944
97% above
US avg: $75,149
Per Capita Income
$52,771
35% above
US avg: $39,052
Unemployment Rate
0.9%
75% below
US avg: 3.6%
Poverty Rate
1.9%
85% below
US avg: 12.4%
Income Comparison: Hanover vs. U.S. Average
Each bar shows Hanover’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$147,944
197%
Per Capita
US: $39,052
$52,771
135%
IRS Avg AGI
US: $72,000
$115,538
160%
Avg Weekly Wage
US: $1,432
$1,734
121%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,734
21% above US avg ($1,432)
Mean Commute Time
31 min
11% above US avg (28 min)
Work From Home
22.5%
48% above US avg (15.2%)
Drive Alone
73.5%
0% below US avg (73.2%)
Public Transit
0.5%
91% below US avg (5.0%)
County GDP
$193,617M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
73.5%
Public Transit
0.5%
Work From Home
22.5%
Other
3.5%
Average commute time
31 minutes
US avg: 28 min
Business Landscape
Total Establishments
44,785
Restaurants
3,018
Healthcare
5,330
Retail
3,721
Manufacturing
1,443
Tax & Financial
IRS Avg Adjusted Gross Income
$115,538
60% above US avg ($72,000)
Avg Property Tax
$7,736
121% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $147,944 |
| Per Capita Income | $52,771 |
| IRS Avg Adjusted Gross Income | $115,538 |
| Avg Weekly Wage | $1,734 |
| County GDP | $193,617M |
Hardship Indicators
| Unemployment Rate | 0.9% |
| Poverty Rate | 1.9% |
| Gini Coefficient | 0.479 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 31 minutes |
| Drive Alone | 73.5% |
| Public Transit | 0.5% |
| Work From Home | 22.5% |
Businesses
| Total Establishments | 44,785 |
| Restaurants | 3,018 |
| Healthcare | 5,330 |
| Retail | 3,721 |
| Manufacturing | 1,443 |
Tax
| IRS Avg AGI | $115,538 |
| Avg Property Tax | $7,736 |