Hancock

Population: 4,510
Median household income: $55,278
Median home value: $185,700

Hancock is a community in Houghton County, Michigan, home to 4,510 residents. The median household income of $55,278 is in line with the Houghton County median ($56,573).

Between 2019 and 2023, Hancock's population held roughly steady from 4,554 to 4,510, while its median home value rose 68.5% from $110,200 to $185,700.

17.8% of residents live below the poverty line. Households average 2.23 people.

Demographics

ACS 2019–2023

Population: 4,510
Median age: 31.4 yrs
Median household income: $55,278
Median home value: $185,700
Median gross rent: $740
Housing units: 2,114
Homeownership rate: 53.5%
Bachelor's degree or higher: 45.8%
Unemployment rate: 2.0%

Trends

ACS 5-year · 2019–2023

Population

4,5544,510

Median household income

$35,161$55,278

Median home value

$110,200$185,700

Median gross rent

$580$740

Year	Population	Median household income	Median home value	Median gross rent
2019	4,554	$35,161	$110,200	$580
2020	4,526	$39,886	$110,500	$630
2021	4,558	$43,514	$114,600	$670
2022	4,526	$46,970	$141,800	$728
2023	4,510	$55,278	$185,700	$740

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.2%

5 to 1710.8%

18 to 2426.7%

25 to 3412.6%

35 to 447.2%

45 to 5410.4%

55 to 6410.9%

65 to 748.7%

75 and over10.6%

	Count	Share
Under 5	97	2.2%
5 to 17	486	10.8%
18 to 24	1,203	26.7%
25 to 34	568	12.6%
35 to 44	324	7.2%
45 to 54	471	10.4%
55 to 64	492	10.9%
65 to 74	393	8.7%
75 and over	476	10.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,212	93.4%
Black or African American	41	0.9%
American Indian & Alaska Native	4	0.1%
Asian	71	1.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	24	0.5%
Two or more races	103	2.3%
Hispanic or Latino (any race)	55	1.2%

Educational attainment (age 25+)

No high school diploma4.4%

High school graduate24.4%

Some college or associate's25.5%

Bachelor's degree27.1%

Graduate or professional degree18.6%

	Count	Share
No high school diploma	119	4.4%
High school graduate	664	24.4%
Some college or associate's	694	25.5%
Bachelor's degree	739	27.1%
Graduate or professional degree	508	18.6%

Commute to work

Mean travel time to work: 12 min

Drove alone63.0%

Carpooled9.9%

Public transit0.9%

Walked8.0%

Bicycle0.1%

Worked from home18.0%

Other means0.2%

How workers get to work

	Count	Share
Drove alone	1,519	63.0%
Carpooled	239	9.9%
Public transit	21	0.9%
Walked	194	8.0%
Bicycle	2	0.1%
Worked from home	434	18.0%
Other means	4	0.2%

Travel time

	Count	Share
Under 15 min	1,457	73.6%
15 to 29 min	430	21.7%
30 to 44 min	50	2.5%
45 to 59 min	14	0.7%
60+ min	28	1.4%

Households

Average household size: 2.23
Poverty rate: 17.8% (728 of 4,099)

	Count	Share
Family households	798	43.5%
Nonfamily households	1,036	56.5%

Housing

Median year structure built: 1952

Occupancy

	Count	Share
Occupied	1,834	86.8%
Vacant	280	13.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	982	53.5%
Renter-occupied	852	46.5%

1-unit, detached62.7%

1-unit, attached1.5%

2 to 4 units20.4%

5 to 19 units8.8%

20 or more units4.6%

Mobile home & other2.0%

Units in structure

	Count	Share
1-unit, detached	1,325	62.7%
1-unit, attached	31	1.5%
2 to 4 units	431	20.4%
5 to 19 units	186	8.8%
20 or more units	98	4.6%
Mobile home & other	43	2.0%

Geography

Place GEOID: 2636300
Type (LSAD): 25
Land area: 2.78 sq mi
Water area: 0 sq mi
Center point: 47.1367, -88.5978