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Hanover, NM
Full City Profile · New Mexico · Grant County County
3.7
/5.0
B+
Good
276
Population
197/sq mi density
$32,194
Median Income
$18,338 per capita
$95,400
Home Value
$199,263 Zillow
60°F
Avg Temperature
330 sunny days/yr
60
Violent Crime/100K
1,968 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$32,194 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$95,400 home value, /mo rent
F
Safety
1.0 / 5.0
60 violent crimes/100K
A+
Education
5.0 / 5.0
0.0% bachelor's degree or higher
Income Overview
Median Household Income
$32,194
57% below
US avg: $75,149
Per Capita Income
$18,338
53% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
0.0%
100% 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
$32,194
43%
Per Capita
US: $39,052
$18,338
47%
IRS Avg AGI
US: $72,000
$52,245
73%
Avg Weekly Wage
US: $1,432
$1,046
73%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,046
27% below US avg ($1,432)
Work From Home
0.0%
100% below US avg (15.2%)
Drive Alone
100.0%
37% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,407M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
100%
Public Transit
0%
Work From Home
0%
Business Landscape
Total Establishments
743
Restaurants
74
Healthcare
74
Retail
82
Manufacturing
15
Tax & Financial
IRS Avg Adjusted Gross Income
$52,245
27% below US avg ($72,000)
Avg Property Tax
$2,259
35% below US avg ($3,500)
Cost of Living Index
92.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $32,194 |
| Per Capita Income | $18,338 |
| IRS Avg Adjusted Gross Income | $52,245 |
| Avg Weekly Wage | $1,046 |
| County GDP | $1,407M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.486 |
| Cost of Living Index | 92.2 |
Commute
| Drive Alone | 100.0% |
| Public Transit | 0.0% |
| Work From Home | 0.0% |
Businesses
| Total Establishments | 743 |
| Restaurants | 74 |
| Healthcare | 74 |
| Retail | 82 |
| Manufacturing | 15 |
Tax
| IRS Avg AGI | $52,245 |
| Avg Property Tax | $2,259 |