Hanover Park, IL
Population 36,850 · Illinois
About Hanover Park, IL
Hanover Park is a mid-sized city in Illinois with a population of 36,850 residents. The median household income is $92,263 per year, which is above the national average. The median age in Hanover Park is 35 years.
Housing in Hanover Park has a median home value of $260,900 and median monthly rent of $1,478. Of the 11,573 total housing units, the majority are owner-occupied, with 8,525 owner-occupied and 2,685 renter-occupied units.
The unemployment rate in Hanover Park is 4.5% and the poverty rate is 13.7%. 29.5% of residents hold a bachelor's degree or higher. The average commute time is 29.3 minutes.
How Hanover Park Ranks in Illinois
Cost of Living in Hanover Park, IL
Compared to national averages, Hanover Park has a median household income of $92,263 (23% above the national median of $75,149). Home values average $260,900, which is 7% above the national median. Monthly rent at $1,478 is 27% above the US average of $1,163. Within Illinois, Hanover Park's income is 23% above the state average of $75,072, and home values are 57% above the state median of $165,779.
Why Live in Hanover Park, IL?
Hanover Park offers a strong local economy with a median household income of $92,263, well above the national average.
Hanover Park has a population of 36,850 with a median age of 35 years. Compare Hanover Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Hanover Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rock Island | 36,758 | $57,292 | $118,400 | Compare |
| Carpentersville | 37,544 | $86,327 | $225,200 | Compare |
| Addison | 35,470 | $87,587 | $318,000 | Compare |
| Oswego | 35,463 | $119,881 | $319,000 | Compare |
| Calumet City | 35,253 | $53,991 | $133,600 | Compare |
| Urbana | 38,447 | $45,854 | $186,300 | Compare |
| Wheeling | 38,495 | $83,251 | $244,600 | Compare |
| Streamwood | 39,055 | $101,049 | $258,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hanover Park
What is the population of Hanover Park, IL?
The population of Hanover Park, IL is 36,850 according to the latest Census data.
What is the median household income in Hanover Park?
The median household income in Hanover Park, IL is $92,263 per year.
What is the median home value in Hanover Park?
The median home value in Hanover Park, IL is $260,900.
What is the average rent in Hanover Park?
The median monthly rent in Hanover Park, IL is $1,478.
What is the unemployment rate in Hanover Park?
The unemployment rate in Hanover Park, IL is 4.5%.