Hancock, IA
Population 232 · Iowa
About Hancock, IA
Hancock is a small community in Iowa with a population of 232 residents. The median household income is $79,375 per year, which is above the national average. The median age in Hancock is 47 years.
Housing in Hancock has a median home value of $98,300 and median monthly rent of $794. Of the 100 total housing units, the majority are owner-occupied, with 84 owner-occupied and 11 renter-occupied units.
The unemployment rate in Hancock is 2.3% and the poverty rate is 10.0%. 21.3% of residents hold a bachelor's degree or higher. The average commute time is 30.3 minutes.
Cost of Living in Hancock, IA
Compared to national averages, Hancock has a median household income of $79,375 (6% above the national median of $75,149). Home values average $98,300, which is 60% below the national median. Monthly rent at $794 is 32% below the US average of $1,163. Within Iowa, Hancock's income is 17% above the state average of $67,947, and home values are 26% below the state median of $132,237.
Why Live in Hancock, IA?
Hancock offers a strong local economy with a median household income of $79,375, well above the national average, and affordable housing with a median home value of $98,300, below the US average of $244,900, and rent that’s lower than the national average at $794/month. Additionally, the city features a strong job market with an unemployment rate of just 2.3%, and a low poverty rate of 10.0%, better than the national average.
Hancock has a population of 232 with a median age of 47 years. Compare Hancock with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Hancock
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fredonia | 232 | $51,250 | $86,400 | Compare |
| Grafton | 233 | $52,188 | $94,600 | Compare |
| Maharishi Vedic City | 233 | $62,813 | $328,600 | Compare |
| Alexander | 230 | $78,750 | $54,400 | Compare |
| Burr Oak | 234 | $62,813 | $130,900 | Compare |
| Luxemburg | 230 | $77,292 | $168,300 | Compare |
| Crystal Lake | 229 | $82,500 | $86,000 | Compare |
| Parnell | 229 | $56,667 | $118,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hancock
What is the population of Hancock, IA?
The population of Hancock, IA is 232 according to the latest Census data.
What is the median household income in Hancock?
The median household income in Hancock, IA is $79,375 per year.
What is the median home value in Hancock?
The median home value in Hancock, IA is $98,300.
What is the average rent in Hancock?
The median monthly rent in Hancock, IA is $794.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock, IA is 2.3%.