Hanover, NM
Population 276 · New Mexico
About Hanover, NM
Hanover is a small community in New Mexico with a population of 276 residents. The median household income is $32,194 per year, which is below the national average. The median age in Hanover is 31.9 years.
Housing in Hanover has a median home value of $95,400 and median monthly rent of $0. Of the 103 total housing units, the majority are owner-occupied, with 103 owner-occupied and 0 renter-occupied units.
The unemployment rate in Hanover is 0.0% and the poverty rate is 4.3%. 0.0% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Hanover, NM
Compared to national averages, Hanover has a median household income of $32,194 (57% below the national median of $75,149). Home values average $95,400, which is 61% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Hanover's income is 52% below the state average of $67,435, and home values are 59% below the state median of $233,762.
Why Live in Hanover, NM?
Hanover offers affordable housing with a median home value of $95,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 4.3%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($32,194) 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 276 with a median age of 31.9 years. Compare Hanover with other cities to see how it stacks up, or explore all cities in New Mexico.
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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 Hanover
What is the population of Hanover, NM?
The population of Hanover, NM is 276 according to the latest Census data.
What is the median household income in Hanover?
The median household income in Hanover, NM is $32,194 per year.
What is the median home value in Hanover?
The median home value in Hanover, NM is $95,400.
What is the average rent in Hanover?
The median monthly rent in Hanover, NM is $0.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover, NM is 0.0%.