Hanson, KY
Population 989 · Kentucky
About Hanson, KY
Hanson is a small community located in Kentucky with a population of 989 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,799 per year, which is 21% above the national median of $75,149. The median age of 47.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hanson features a median home value of $140,100, which is 43% below the national median of $244,900. This makes Hanson one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $850, 27% below the national average of $1,163/month. Of the 426 total housing units, 93% are owner-occupied (379 units) and 7% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hanson shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hanson have an average one-way commute time of 19.2 minutes, one of the shorter commutes in the region.
Education & Demographics
19.1% of Hanson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 4.1% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Hanson, KY
Compared to national averages, Hanson has a median household income of $90,799 (21% above the national median of $75,149). Home values average $140,100, which is 43% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Kentucky, Hanson's income is 37% above the state average of $66,273, and home values are 23% below the state median of $182,504.
Why Live in Hanson, KY?
Hanson offers a strong local economy with a median household income of $90,799, well above the national average, and affordable housing with a median home value of $140,100, below the US average of $244,900, and rent that’s lower than the national average at $850/month. Additionally, the city features a strong job market with an unemployment rate of just 1.9%, and a low poverty rate of 8.6%, better than the national average, and short commute times averaging just 19.2 minutes.
Hanson has a population of 989 with a median age of 47.5 years. Compare Hanson with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Hanson
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Powderly | 999 | $49,653 | $99,400 | Compare |
| Plantation | 978 | $74,844 | $232,800 | Compare |
| Goshen | 1,004 | $96,429 | $281,000 | Compare |
| White Plains | 1,007 | $36,800 | $84,100 | Compare |
| Rolling Hills | 1,024 | $99,412 | $274,500 | Compare |
| Nortonville | 949 | $47,946 | $66,800 | Compare |
| South Wallins | 948 | $29,153 | $58,200 | Compare |
| Wheelwright | 945 | $58,250 | $85,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hanson With Other Cities
Frequently Asked Questions about Hanson
What is the population of Hanson, KY?
The population of Hanson, KY is 989 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Hanson?
The median household income in Hanson, KY is $90,799 per year, which is 21% above the national median of $75,149.
What is the median home value in Hanson?
The median home value in Hanson, KY is $140,100, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hanson?
The median monthly rent in Hanson, KY is $850, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Hanson?
The unemployment rate in Hanson, KY is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hanson, KY a good place to live?
Hanson offers above-average incomes, affordable housing, and a strong job market. With a population of 989 and a median age of 47.5, the city appeals to established professionals and retirees.
How educated is Hanson, KY?
19.1% of residents in Hanson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hanson?
Key cost-of-living indicators for Hanson, KY: median home value is $140,100 (43% below national), median rent is $850/month, and median household income is $90,799. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hanson?
The poverty rate in Hanson, KY is 8.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hanson, KY?
Hanson's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 4.1% Asian, and 1.2% two or more races. 2.0% of residents are foreign-born.