Hannibal, NY
Population 670 · New York
About Hannibal, NY
Hannibal is a small community located in New York with a population of 670 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,500 per year, which is 4% below the national median of $75,149. The median age of 31.1 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 Hannibal features a median home value of $115,100, which is 53% below the national median of $244,900. This makes Hannibal one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $821, 29% below the national average of $1,163/month. Of the 257 total housing units, 70% are owner-occupied (164 units) and 30% are renter-occupied (70 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hannibal shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hannibal have an average one-way commute time of 32.8 minutes.
Education & Demographics
9.3% of Hannibal 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 0.4% White, 1.6% Hispanic or Latino, 1.6% Black or African American, and 0.3% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Hannibal, NY
Compared to national averages, Hannibal has a median household income of $72,500 (4% below the national median of $75,149). Home values average $115,100, which is 53% below the national median. Monthly rent at $821 is 29% below the US average of $1,163. Within New York, Hannibal's income is 25% below the state average of $96,987, and home values are 70% below the state median of $387,181.
Why Live in Hannibal, NY?
Hannibal offers affordable housing with a median home value of $115,100, below the US average of $244,900, and rent that’s lower than the national average at $821/month, and a low poverty rate of 10.6%, better than the national average.
Potential considerations include median household income ($72,500) that falls below the national average. However, Hannibal’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hannibal has a population of 670 with a median age of 31.1 years. Compare Hannibal with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Hannibal
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aurora | 672 | $81,875 | $275,000 | Compare |
| Red Creek | 673 | $70,750 | $125,000 | Compare |
| Pine Valley | 674 | $36,750 | $0 | Compare |
| Machias | 675 | $70,127 | $66,100 | Compare |
| Elizabethtown | 662 | $68,214 | $178,600 | Compare |
| Honeoye | 660 | $64,145 | $141,200 | Compare |
| Port Leyden | 680 | $41,250 | $98,200 | Compare |
| Palatine Bridge | 682 | $62,404 | $136,700 | 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 Hannibal With Other Cities
Frequently Asked Questions about Hannibal
What is the population of Hannibal, NY?
The population of Hannibal, NY is 670 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 Hannibal?
The median household income in Hannibal, NY is $72,500 per year, which is 4% below the national median of $75,149.
What is the median home value in Hannibal?
The median home value in Hannibal, NY is $115,100, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hannibal?
The median monthly rent in Hannibal, NY is $821, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Hannibal?
The unemployment rate in Hannibal, NY is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hannibal, NY a good place to live?
Hannibal offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 670 and a median age of 31.1, the city appeals to young professionals and families.
How educated is Hannibal, NY?
9.3% of residents in Hannibal 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 Hannibal?
Key cost-of-living indicators for Hannibal, NY: median home value is $115,100 (53% below national), median rent is $821/month, and median household income is $72,500. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hannibal?
The poverty rate in Hannibal, NY is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hannibal, NY?
Hannibal's population is 0.4% White, 1.6% Hispanic or Latino, 1.6% Black or African American, 0.3% Asian, and 0.0% two or more races. 1.6% of residents are foreign-born.