Hancock, MN
Population 816 · Minnesota
About Hancock, MN
Hancock is a small community in Minnesota with a population of 816 residents. The median household income is $69,712 per year, which is near the national average. The median age in Hancock is 33.6 years.
Housing in Hancock has a median home value of $79,600 and median monthly rent of $738. Of the 365 total housing units, the majority are owner-occupied, with 276 owner-occupied and 39 renter-occupied units.
The unemployment rate in Hancock is 3.5% and the poverty rate is 5.2%. 16.1% of residents hold a bachelor's degree or higher. The average commute time is 16.3 minutes.
Cost of Living in Hancock, MN
Compared to national averages, Hancock has a median household income of $69,712 (7% below the national median of $75,149). Home values average $79,600, which is 67% below the national median. Monthly rent at $738 is 37% below the US average of $1,163. Within Minnesota, Hancock's income is 6% below the state average of $74,221, and home values are 61% below the state median of $204,472.
Why Live in Hancock, MN?
Hancock offers affordable housing with a median home value of $79,600, below the US average of $244,900, and rent that’s lower than the national average at $738/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a low poverty rate of 5.2%, better than the national average, and short commute times averaging just 16.3 minutes.
Potential considerations include median household income ($69,712) 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 816 with a median age of 33.6 years. Compare Hancock with other cities to see how it stacks up, or explore all cities in Minnesota.
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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, MN?
The population of Hancock, MN is 816 according to the latest Census data.
What is the median household income in Hancock?
The median household income in Hancock, MN is $69,712 per year.
What is the median home value in Hancock?
The median home value in Hancock, MN is $79,600.
What is the average rent in Hancock?
The median monthly rent in Hancock, MN is $738.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock, MN is 3.5%.