Hanover, IL
Population 847 · Illinois
About Hanover, IL
Hanover is a small community in Illinois with a population of 847 residents. The median household income is $39,583 per year, which is below the national average. The median age in Hanover is 50.9 years.
Housing in Hanover has a median home value of $86,200 and median monthly rent of $751. Of the 459 total housing units, the majority are owner-occupied, with 276 owner-occupied and 146 renter-occupied units.
The unemployment rate in Hanover is 7.1% and the poverty rate is 22.6%. 9.0% of residents hold a bachelor's degree or higher. The average commute time is 30.6 minutes.
Cost of Living in Hanover, IL
Compared to national averages, Hanover has a median household income of $39,583 (47% below the national median of $75,149). Home values average $86,200, which is 65% below the national median. Monthly rent at $751 is 35% below the US average of $1,163. Within Illinois, Hanover's income is 47% below the state average of $75,072, and home values are 48% below the state median of $165,779.
Why Live in Hanover, IL?
Hanover offers affordable housing with a median home value of $86,200, below the US average of $244,900, and rent that’s lower than the national average at $751/month.
Potential considerations include median household income ($39,583) that falls below the national average. However, Hanover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hanover has a population of 847 with a median age of 50.9 years. Compare Hanover with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hanover
What is the population of Hanover, IL?
The population of Hanover, IL is 847 according to the latest Census data.
What is the median household income in Hanover?
The median household income in Hanover, IL is $39,583 per year.
What is the median home value in Hanover?
The median home value in Hanover, IL is $86,200.
What is the average rent in Hanover?
The median monthly rent in Hanover, IL is $751.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover, IL is 7.1%.