Hancock, NY
Population 876 · New York
About Hancock, NY
Hancock is a small community located in New York with a population of 876 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,547 per year, which is 33% below the national median of $75,149. The median age of 44.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hancock features a median home value of $145,300, which is 41% below the national median of $244,900. This makes Hancock one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,051, 10% below the national average of $1,163/month. Of the 601 total housing units, 57% are owner-occupied (228 units) and 43% are renter-occupied (175 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hancock shows an unemployment rate of 13.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.8%, above the national average of 12.4%. Workers in Hancock have an average one-way commute time of 32.3 minutes.
Education & Demographics
18.8% of Hancock residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 4.6% Asian residents, with 9.8% of the population being foreign-born.
Cost of Living in Hancock, NY
Compared to national averages, Hancock has a median household income of $50,547 (33% below the national median of $75,149). Home values average $145,300, which is 41% below the national median. Monthly rent at $1,051 is 10% below the US average of $1,163. Within New York, Hancock's income is 48% below the state average of $96,987, and home values are 62% below the state median of $387,181.
Why Live in Hancock, NY?
Hancock offers affordable housing with a median home value of $145,300, below the US average of $244,900, and rent that’s lower than the national average at $1,051/month.
Potential considerations include median household income ($50,547) 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 876 with a median age of 44.6 years. Compare Hancock with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Hancock
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Candor | 878 | $62,583 | $117,600 | Compare |
| Hillside | 889 | $147,802 | $444,600 | Compare |
| Sylvan Beach | 889 | $55,268 | $151,600 | Compare |
| Copake Lake | 860 | $118,632 | $546,100 | Compare |
| Tivoli | 892 | $40,658 | $354,400 | Compare |
| Randolph | 896 | $63,036 | $89,100 | Compare |
| Millwood | 854 | $209,063 | $769,800 | Compare |
| Rosendale | 898 | $61,375 | $250,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hancock With Other Cities
Frequently Asked Questions about Hancock
What is the population of Hancock, NY?
The population of Hancock, NY is 876 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Hancock?
The median household income in Hancock, NY is $50,547 per year, which is 33% below the national median of $75,149.
What is the median home value in Hancock?
The median home value in Hancock, NY is $145,300, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hancock?
The median monthly rent in Hancock, NY is $1,051, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Hancock?
The unemployment rate in Hancock, NY is 13.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hancock, NY a good place to live?
Hancock offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 876 and a median age of 44.6, the city appeals to a broad range of residents.
How educated is Hancock, NY?
18.8% of residents in Hancock aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hancock?
Key cost-of-living indicators for Hancock, NY: median home value is $145,300 (41% below national), median rent is $1,051/month, and median household income is $50,547. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hancock?
The poverty rate in Hancock, NY is 14.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Hancock, NY?
Hancock's population is 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 4.6% Asian, and 0.7% two or more races. 9.8% of residents are foreign-born.