Hanover, NH
Population 8,520 · New Hampshire
About Hanover, NH
Hanover is a small town located in New Hampshire with a population of 8,520 residents according to the latest US Census Bureau American Community Survey data. The median household income is $135,250 per year, which is 80% above the national median of $75,149. The median age of 21.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hanover features a median home value of $682,100, which is 179% above the national median of $244,900. This places Hanover in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,132, 83% above the national average of $1,163/month. Of the 2,628 total housing units, 57% are owner-occupied (1,217 units) and 43% are renter-occupied (921 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hanover shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hanover have an average one-way commute time of 16.6 minutes, one of the shorter commutes in the region.
Education & Demographics
88.0% of Hanover residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.2% White, 1.1% Hispanic or Latino, 0.6% Black or African American, and 2.3% Asian residents, with 18.2% of the population being foreign-born.
How Hanover Ranks in New Hampshire
Cost of Living in Hanover, NH
Compared to national averages, Hanover has a median household income of $135,250 (80% above the national median of $75,149). Home values average $682,100, which is 179% above the national median. Monthly rent at $2,132 is 83% above the US average of $1,163. Within New Hampshire, Hanover's income is 70% above the state average of $79,671, and home values are 125% above the state median of $303,204.
Why Live in Hanover, NH?
Hanover offers a strong local economy with a median household income of $135,250, well above the national average, and a well-educated community where 88.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.9%, better than the national average. Additionally, the city features short commute times averaging just 16.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $682,100. However, Hanover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hanover has a population of 8,520 with a median age of 21.8 years. Compare Hanover with other cities to see how it stacks up, or explore all cities in New Hampshire.
Similar Cities Near Hanover
Cities in New Hampshire with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Franklin | 8,757 | $69,870 | $243,800 | Compare |
| Milford | 8,857 | $81,042 | $337,900 | Compare |
| Berlin | 9,473 | $43,972 | $113,500 | Compare |
| Hudson | 7,105 | $88,193 | $330,700 | Compare |
| Hampton | 9,960 | $96,322 | $488,400 | Compare |
| Exeter | 10,138 | $83,862 | $349,300 | Compare |
| Durham | 10,577 | $109,934 | $451,000 | Compare |
| South Hooksett | 5,806 | $115,592 | $383,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Hampshire
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hanover With Other Cities
Frequently Asked Questions about Hanover
What is the population of Hanover, NH?
The population of Hanover, NH is 8,520 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Hampshire.
What is the median household income in Hanover?
The median household income in Hanover, NH is $135,250 per year, which is 80% above the national median of $75,149.
What is the median home value in Hanover?
The median home value in Hanover, NH is $682,100, which is 179% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hanover?
The median monthly rent in Hanover, NH is $2,132, which is 83% above the national average of $1,163/month.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover, NH is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hanover, NH a good place to live?
Hanover offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,520 and a median age of 21.8, the city appeals to young professionals and families.
How educated is Hanover, NH?
88.0% of residents in Hanover aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hanover?
Key cost-of-living indicators for Hanover, NH: median home value is $682,100 (179% above national), median rent is $2,132/month, and median household income is $135,250. The home-value-to-income ratio is 5.0x, a moderate figure by national standards.
What is the poverty rate in Hanover?
The poverty rate in Hanover, NH is 9.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hanover, NH?
Hanover's population is 3.2% White, 1.1% Hispanic or Latino, 0.6% Black or African American, 2.3% Asian, and 3.9% two or more races. 18.2% of residents are foreign-born.