Hancock vs Laurium

A side-by-side comparison of Hancock and Laurium: population, income, housing, and more.

Hancock and Laurium are places in Michigan. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Hancock has the higher population (4,510 vs 1,486 in Laurium). Hancock has the higher median household income ($55,278 vs $42,206 in Laurium). Hancock has the higher median home value ($185,700 vs $87,600 in Laurium).

Population, income & housing

	Hancock	Laurium
Population	4,510	1,486
Median age	31.4 yrs	48.3 yrs
Median household income	$55,278	$42,206
Median home value	$185,700	$87,600
Median gross rent	$740	$590
Housing units	2,114	993
Homeownership rate	53.5%	70.7%
Bachelor's degree or higher	45.8%	32.7%
Unemployment rate	2.0%	0.9%

Trends (ACS 5-year, 2019–2023)

	Hancock	Laurium
Population	4,554 → 4,510 (-1.0%)	2,073 → 1,486 (-28.3%)
Median household income	$35,161 → $55,278 (+57.2%)	$40,125 → $42,206 (+5.2%)
Median home value	$110,200 → $185,700 (+68.5%)	$75,700 → $87,600 (+15.7%)
Median gross rent	$580 → $740 (+27.6%)	$525 → $590 (+12.4%)

Hancock

Population

4,5544,510

Median household income

$35,161$55,278

Median home value

$110,200$185,700

Median gross rent

$580$740

Laurium

Population

2,0731,486

Median household income

$40,125$42,206

Median home value

$75,700$87,600

Median gross rent

$525$590

Age & race/ethnicity

Age distribution (share)

	Hancock	Laurium
Under 5	2.2%	4.2%
5 to 17	10.8%	12.4%
18 to 24	26.7%	14.7%
25 to 34	12.6%	5.2%
35 to 44	7.2%	11.4%
45 to 54	10.4%	14.7%
55 to 64	10.9%	15.0%
65 to 74	8.7%	14.8%
75 and over	10.6%	7.5%

Race & ethnicity (share)

	Hancock	Laurium
White (non-Hispanic)	93.4%	92.2%
Black or African American	0.9%	1.6%
American Indian & Alaska Native	0.1%	1.1%
Asian	1.6%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.5%	0.0%
Two or more races	2.3%	1.2%
Hispanic or Latino	1.2%	3.8%

Educational attainment (age 25+)

Share of adults 25+

	Hancock	Laurium
No high school diploma	4.4%	8.0%
High school graduate	24.4%	31.3%
Some college or associate's	25.5%	27.9%
Bachelor's degree	27.1%	16.4%
Graduate or professional degree	18.6%	16.4%

Commute to work

How workers get to work (share)

	Hancock	Laurium
Drove alone	63.0%	66.3%
Carpooled	9.9%	19.0%
Public transit	0.9%	0.0%
Walked	8.0%	4.6%
Bicycle	0.1%	0.0%
Worked from home	18.0%	6.2%
Other means	0.2%	3.9%

Housing

Units in structure (share)

	Hancock	Laurium
1-unit, detached	62.7%	79.0%
1-unit, attached	1.5%	2.5%
2 to 4 units	20.4%	11.3%
5 to 19 units	8.8%	2.6%
20 or more units	4.6%	3.4%
Mobile home & other	2.0%	1.2%

Poverty & households

	Hancock	Laurium
Poverty rate	17.8%	19.2%
Average household size	2.23	2.01
Mean commute (minutes)	12	16
Median year structure built	1952	1938