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Hanover, ON

Full City Profile · Ontario

2.6 /5.0
C+ Fair
7,967 Population 2,110/sq mi density
$69,000 Median Income $42,440 per capita
$400,000 Home Value
$990 Median Rent 20.0% income on rent
48°F Avg Temperature 219 sunny days/yr
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$69,000 median income, 9.5% unemployment
B
Affordability
3.4 / 5.0
$400,000 home value, $990/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.5 / 5.0
6.7% bachelor's degree or higher

Hanover, ON

At a Glance

Median Income
$69,000
8% below
$42,440 per capita
Home Value
$400,000
42% above
Median Rent
$990/mo
15% below
20.0% of income on rent
Bachelor's Degree+
6.7%
80% below
34.7% high school+
Unemployment
9.5%
164% above
11.7% poverty rate
Avg Temperature
48°F
219 sunny days/yr

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
92%
Home Value
142%
Rent
85%
Poverty
94%
Bachelor's
20%
Unemployment
264%
Thin vertical line = U.S. national average (100%)

Is Hanover a Good Place to Live?

C+
2.6 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Hanover residents earn a median household income of $69,000 , which is 8% below the national average of $75,149. Per capita income is $42,440. The unemployment rate stands at 9.5% (164% above the U.S. rate of 3.6%). 11.7% of residents live below the poverty line. The area is home to 247 business establishments.

Housing & Cost of Living

The median home value in Hanover is $400,000 , 42% above the national median of $281,900. Median rent is $990/month, with 20.0% of renters spending more than 30% of income on housing.

Education

6.7% of adults in Hanover hold a bachelor's degree or higher (80% below the national average). 34.7% have completed high school.

Climate & Weather

Hanover has an average annual temperature of 48°F (9°C). Winters average 29°F in January while summers reach 69°F in July. The area gets 219 sunny days per year. Annual precipitation totals 40.2 inches.

Data Overview

People

Population7,967
Median Age49.2 yrs
Density2,110/mi²
Male / Female47% / 53%

Economy

C+
Median Income$69,000
Per Capita$42,440
Unemployment9.5%
Poverty11.7%
Avg Weekly Wage$816

Housing

B
Home Value$400,000
Rent$990
Ownership64.0%
Housing Units3,445
Rent Burden20.0%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp48°F
Sunny Days219/yr
Rain40.2 in/yr
Elevation906 ft

Education

D
Bachelor's+6.7%
High School+34.7%
Graduate+1.9%

Community

Commute23 min