Hanover, MI
Population 413 · Michigan
About Hanover, MI
Hanover is a small community in Michigan with a population of 413 residents. The median household income is $68,333 per year, which is near the national average. The median age in Hanover is 33.2 years.
Housing in Hanover has a median home value of $142,700 and median monthly rent of $938. Of the 173 total housing units, the majority are owner-occupied, with 112 owner-occupied and 52 renter-occupied units.
The unemployment rate in Hanover is 3.4% and the poverty rate is 10.4%. 9.5% of residents hold a bachelor's degree or higher. The average commute time is 22.9 minutes.
Cost of Living in Hanover, MI
Compared to national averages, Hanover has a median household income of $68,333 (9% below the national median of $75,149). Home values average $142,700, which is 42% below the national median. Monthly rent at $938 is 19% below the US average of $1,163. Within Michigan, Hanover's income is 4% above the state average of $66,017, and home values are 22% below the state median of $183,391.
Why Live in Hanover, MI?
Hanover offers affordable housing with a median home value of $142,700, below the US average of $244,900, and rent that’s lower than the national average at $938/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 10.4%, better than the national average, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($68,333) that falls below the national average. However, Hanover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hanover has a population of 413 with a median age of 33.2 years. Compare Hanover with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Hanover
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Northport | 413 | $71,250 | $243,100 | Compare |
| Mesick | 416 | $31,250 | $77,900 | Compare |
| Palo | 409 | $34,403 | $92,600 | Compare |
| Hubbardston | 418 | $61,667 | $121,400 | Compare |
| Carp Lake | 407 | $27,318 | $170,800 | Compare |
| Lost Lake Woods | 407 | $69,375 | $172,000 | Compare |
| Estral Beach | 406 | $63,462 | $207,900 | Compare |
| Barryton | 405 | $47,857 | $77,900 | 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 Hanover
What is the population of Hanover, MI?
The population of Hanover, MI is 413 according to the latest Census data.
What is the median household income in Hanover?
The median household income in Hanover, MI is $68,333 per year.
What is the median home value in Hanover?
The median home value in Hanover, MI is $142,700.
What is the average rent in Hanover?
The median monthly rent in Hanover, MI is $938.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover, MI is 3.4%.