Hanover, WI
Population 143 · Wisconsin
About Hanover, WI
Hanover is a small community located in Wisconsin with a population of 143 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,281 per year, which is 22% below the national median of $75,149. The median age of 30.5 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 $146,900, which is 40% below the national median of $244,900. This makes Hanover one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 67 total housing units, 84% are owner-occupied (56 units) and 16% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hanover shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hanover have an average one-way commute time of 27.9 minutes.
Education & Demographics
25.0% of Hanover residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Hanover, WI
Compared to national averages, Hanover has a median household income of $58,281 (22% below the national median of $75,149). Home values average $146,900, which is 40% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Wisconsin, Hanover's income is 20% below the state average of $72,579, and home values are 29% below the state median of $205,802.
Why Live in Hanover, WI?
Hanover offers affordable housing with a median home value of $146,900, 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 4.2%, better than the national average.
Potential considerations include median household income ($58,281) 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 143 with a median age of 30.5 years. Compare Hanover with other cities to see how it stacks up, or explore all cities in Wisconsin.
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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, WI?
The population of Hanover, WI is 143 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Hanover?
The median household income in Hanover, WI is $58,281 per year, which is 22% below the national median of $75,149.
What is the median home value in Hanover?
The median home value in Hanover, WI is $146,900, which is 40% below 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, WI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Hanover?
The unemployment rate in Hanover, WI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hanover, WI a good place to live?
Hanover offers a moderate cost of living, affordable housing, and a strong job market. With a population of 143 and a median age of 30.5, the city appeals to young professionals and families.
How educated is Hanover, WI?
25.0% of residents in Hanover 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 Hanover?
Key cost-of-living indicators for Hanover, WI: median home value is $146,900 (40% below national), median rent is $0/month, and median household income is $58,281. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hanover?
The poverty rate in Hanover, WI is 4.2%, 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, WI?
Hanover's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.