Hancock, MI
Population 4,510 · Michigan
About Hancock, MI
Hancock is a small community in Michigan with a population of 4,510 residents. The median household income is $55,278 per year, which is near the national average. The median age in Hancock is 31.4 years.
Housing in Hancock has a median home value of $185,700 and median monthly rent of $740. Of the 2,114 total housing units, the majority are owner-occupied, with 982 owner-occupied and 852 renter-occupied units.
The unemployment rate in Hancock is 2.0% and the poverty rate is 17.8%. 45.8% of residents hold a bachelor's degree or higher. The average commute time is 11.7 minutes.
Cost of Living in Hancock, MI
Compared to national averages, Hancock has a median household income of $55,278 (26% below the national median of $75,149). Home values average $185,700, which is 24% below the national median. Monthly rent at $740 is 36% below the US average of $1,163. Within Michigan, Hancock's income is 16% below the state average of $66,017, and home values are 1% above the state median of $183,391.
Why Live in Hancock, MI?
Hancock offers affordable housing with a median home value of $185,700, below the US average of $244,900, and rent that’s lower than the national average at $740/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a well-educated community where 45.8% of residents hold a bachelor’s degree or higher, and short commute times averaging just 11.7 minutes.
Potential considerations include median household income ($55,278) 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 4,510 with a median age of 31.4 years. Compare Hancock with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Hancock
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dexter | 4,495 | $103,182 | $401,800 | Compare |
| Fremont | 4,532 | $57,000 | $169,500 | Compare |
| Wolverine Lake | 4,476 | $88,423 | $270,400 | Compare |
| Vandercook Lake | 4,434 | $52,337 | $125,800 | Compare |
| Wayland | 4,430 | $71,797 | $201,200 | Compare |
| Bloomfield Hills | 4,412 | $200,318 | $942,900 | Compare |
| Michigan Center | 4,623 | $68,114 | $159,500 | Compare |
| Negaunee | 4,641 | $70,483 | $156,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Hancock, MI is 4,510 according to the latest Census data.
What is the median household income in Hancock?
The median household income in Hancock, MI is $55,278 per year.
What is the median home value in Hancock?
The median home value in Hancock, MI is $185,700.
What is the average rent in Hancock?
The median monthly rent in Hancock, MI is $740.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock, MI is 2.0%.