Hancock, MD
Population 1,715 · Maryland
About Hancock, MD
Hancock is a small town located in Maryland with a population of 1,715 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,375 per year, which is 48% below the national median of $75,149. The median age of 37.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hancock features a median home value of $175,000, which is 29% below the national median of $244,900. This positions Hancock in a moderately priced market relative to the rest of the country. Median monthly rent is $928, 20% below the national average of $1,163/month. Of the 916 total housing units, 55% are owner-occupied (436 units) and 45% are renter-occupied (358 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hancock shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 22.9%, above the national average of 12.4%. Workers in Hancock have an average one-way commute time of 30.4 minutes.
Education & Demographics
10.1% of Hancock 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, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
How Hancock Ranks in Maryland
Cost of Living in Hancock, MD
Compared to national averages, Hancock has a median household income of $39,375 (48% below the national median of $75,149). Home values average $175,000, which is 29% below the national median. Monthly rent at $928 is 20% below the US average of $1,163. Within Maryland, Hancock's income is 64% below the state average of $107,956, and home values are 57% below the state median of $402,447.
Why Live in Hancock, MD?
Hancock offers affordable housing with a median home value of $175,000, below the US average of $244,900, and rent that’s lower than the national average at $928/month.
Potential considerations include median household income ($39,375) that falls below the national average. However, Hancock’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hancock has a population of 1,715 with a median age of 37.5 years. Compare Hancock with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Hancock
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Romancoke | 1,705 | $118,077 | $397,200 | Compare |
| Crownsville | 1,701 | $146,486 | $885,600 | Compare |
| Arden on the Severn | 1,691 | $117,188 | $475,600 | Compare |
| Ridgely | 1,685 | $64,432 | $236,000 | Compare |
| Cedar Heights | 1,748 | $49,858 | $300,400 | Compare |
| Wilson-Conococheague | 1,614 | $60,258 | $225,300 | Compare |
| Derwood | 1,830 | $93,000 | $633,200 | Compare |
| Kingstown | 1,836 | $90,288 | $282,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hancock With Other Cities
Frequently Asked Questions about Hancock
What is the population of Hancock, MD?
The population of Hancock, MD is 1,715 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Hancock?
The median household income in Hancock, MD is $39,375 per year, which is 48% below the national median of $75,149.
What is the median home value in Hancock?
The median home value in Hancock, MD is $175,000, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hancock?
The median monthly rent in Hancock, MD is $928, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock, MD is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hancock, MD a good place to live?
Hancock offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,715 and a median age of 37.5, the city appeals to a broad range of residents.
How educated is Hancock, MD?
10.1% of residents in Hancock 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 Hancock?
Key cost-of-living indicators for Hancock, MD: median home value is $175,000 (29% below national), median rent is $928/month, and median household income is $39,375. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Hancock?
The poverty rate in Hancock, MD is 22.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Hancock, MD?
Hancock's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.9% two or more races. 2.2% of residents are foreign-born.