Hancock, MI

Census Place

2024 Population

4,574

US Senator

Gary Peters

Democratic Party

US Senator

Elissa Slotkin

Democratic Party

2024 Median Age

31.9

1.59% 1-year increase

2024 Poverty Rate

19.1%

7.81% 1-year increase

2024 Median Household Income

$59,519

7.67% 1-year growth

2024 Median Property Value

$165,600

Population & Diversity

Hancock, MI is home to a population of 4.57k people, from which 97.1% are citizens.

As of 2024, 4.2% of Hancock, MI residents were born outside of the country (192 people).

In 2024, there were 49.5 times more White (Non-Hispanic) residents (4.26k people) in Hancock, MI than any other race or ethnicity. There were 86 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 64 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.1%

2024 Citizenship

97.1%

2023 Citizenship

As of 2024, 97.1% of Hancock, MI residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Hancock, MI was 97.1%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Hancock, MI compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Hancock, MI

White (Non-Hispanic)
4.26k ± 132
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
86 ± 93
Asian (Non-Hispanic)
64 ± 52

1.57%

Hispanic Population

72 people

1.57% of the people in Hancock, MI are hispanic (72 people).

The following chart shows the 8 races represented in Hancock, MI as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

Most Common Origin

Mexico
83,098 ± 7,048 people
India
80,532 ± 6,939 people
Iraq
55,181 ± 5,751 people

In 2024, the most common birthplace for the foreign-born residents of Michigan was Mexico, the natal country of 83,098 Michigan residents, followed by India with 80,532 and Iraq with 55,181.

Foreign-Born Population

4.2%

2024 Foreign-Born Population

192 people

4.17%

2023 Foreign-Born Population

188 people

As of 2024, 4.2% of Hancock, MI residents (192 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Hancock, MI was 4.17%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Hancock, MI compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
107 ± 46
Gulf War (2001-)
40 ± 42
Korea
24 ± 28

Hancock, MI has a large population of military personnel who served in Vietnam, 2.67 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Hancock, MI.

Economy

The economy of Hancock, MI employs 2.27k people. In 2024, the largest industries in Hancock, MI were Educational Services (564 people), Accommodation & Food Services (292 people), and Health Care & Social Assistance (248 people), and the highest paying industries were Real Estate & Rental & Leasing ($250,001), Information ($72,344), and Public Administration ($59,792).

Employment

Occupations

2.27k

2024 Value

± 348

−5.96%

1 Year decline

± 22.3%

From 2023 to 2024, employment in Hancock, MI declined at a rate of −5.96%, from 2.42k employees to 2.27k employees.

The most common job groups, by number of people living in Hancock, MI, are Education Instruction, & Library Occupations (403 people), Office & Administrative Support Occupations (271 people), and Food Preparation & Serving Related Occupations (191 people). This chart illustrates the share breakdown of the primary jobs held by residents of Hancock, MI.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Michigan.

This chart shows weekly unemployment insurance claims in Michigan (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2.27k

2024 Value

± 348

−5.96%

1 Year decline

± 22.3%

From 2023 to 2024, employment in Hancock, MI declined at a rate of −5.96%, from 2.42k employees to 2.27k employees.

The most common employment sectors for those who live in Hancock, MI, are Educational Services (564 people), Accommodation & Food Services (292 people), and Health Care & Social Assistance (248 people). This chart shows the share breakdown of the primary industries for residents of Hancock, MI, though some of these residents may live in Hancock, MI and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$32,541

Median earning men ± $7,323

$42,056

Median earning women ± $7,666

The industries with the best median earnings for men in 2024 are Information ($92,667), Public Administration ($58,333), and Manufacturing ($46,875).

The industries with the best median earnings for women in 2024 are Public Administration ($95,278), Educational Services, & Health Care & Social Assistance ($60,737), and Other Services Except Public Administration ($45,700).

Education

The student population of Hancock, MI in 2022 is skewed towards men, with 235 male students and 215 female students.

Most students graduating from Universities in Hancock, MI are White (52 and 61.9%), Unknown (25 and 29.8%), Two or More Races (3 and 3.57%), and Black or African American (2 and 2.38%).

The largest universities in Hancock, MI by number of degrees awarded are Finlandia University (85 and 100%).

The most popular majors in Hancock, MI are Registered Nursing (23 and 27.1%), Criminal Justice - Police Science (11 and 12.9%), and Physical Therapy Technician (11 and 12.9%).

The median tuition cost for private four year colleges is $25,436.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2022 in Hancock, MI, the percentage of applicants admitted was 66.6%, while the percentage of admitted who enrolled was 12.7%. The number of students enrolled in 2022 was 450 (52.2% men and 47.8% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2022 there were 450 students enrolled in Hancock, MI, 52.2% men and 47.8% women.

By race, the largest number of students enrolled was concentrated in White with 272 records, of which 54.8% were women and 45.2% men.

Completions

Concentrations

Most Common

Registered Nursing
23 degrees awarded
Other Business Administration, Management, & Operations
10 degrees awarded
Criminal Justice - Police Science
8 degrees awarded

In 2022, the most common concentation for Bachelors Degree recipients in Hancock, MI was Registered Nursing with 23 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Hancock, MI according to their major.

Universities

Gender

Race

Finlandia University

Largest Universities by degrees awarded

85 degrees awarded

In 2022, the institution with the largest number of graduating students was Finlandia University with 85 degrees awarded.

Student Diversity

University

In 2022, 33 men were awarded degrees from institutions in Hancock, MI, which is 0.635 times less than the 52 female students who received degrees in the same year.

In 2022, the most common race/ethnicity group awarded degrees at institutions was White students. These 52 degrees mean that there were 2.08 times more degrees awarded to White students then the next closest race/ethnicity group, Unknown, with 25 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 4-year or above ($25,436) is the sector with the highest median state tuition in 2022.

Private not-for-profit, 4-year or above ($600) is the sector with the highest median state fee in 2022.

Private not-for-profit, 4-year or above ($1,500) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Housing & Living

The median property value in Hancock, MI was $165,600 in 2024, which is 0.498 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $185,700 to $165,600, a 10.8% decrease. The homeownership rate in Hancock, MI is 55.6%, which is lower than the national average of 65.2%.

People in Hancock, MI have an average commute time of 11.1 minutes, and they drove alone to work. Car ownership in Hancock, MI is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$165,600

Median Property Value 2024

±$34,375

$1,011

Median Property Taxes

±$183

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Hancock, MI the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Hancock, MI compared to it's parent and neighbor geographies.

Rent vs Own

55.6%

Homeownership

2024

68.6%

Homeowners with Mortgage

2024

In 2024, 55.6% of the housing units in Hancock, MI were occupied by their owner. This percentage grew from the previous year's rate of 53.5%.

This chart shows the percentage of owner in Hancock, MI compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$59,519

Median Household Income

± $15,467

1.82k

Number of Households

± 249

In 2024, the median household income of the 1.82k households in Hancock, MI grew to $59,519 from the previous year's value of $55,278.

The following chart displays the households in Hancock, MI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Hancock, MI is from Michigan.

0.46

2024 Wage GINI in Michigan

0.462

2023 Wage GINI in Michigan

In 2024, the income inequality in Michigan was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.474% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Michigan was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Michigan in comparison to the national average.

This chart shows the number of workers in Michigan across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (63.2%)
Worked At Home (19.5%)
Carpooled (8.69%)

In 2024, 63.2% of workers in Hancock, MI drove alone to work, followed by those who worked at home (19.5%) and those who carpooled to work (8.69%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

11.1 minutes

Average Travel Time

Using averages, employees in Hancock, MI have a shorter commute time (11.1 minutes) than the normal US worker (26.4 minutes). Additionally, 0.702% of the workforce in Hancock, MI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Hancock, MI compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Hancock, MI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Hancock, MI have 2 cars.

Poverty

Poverty & Diversity

19.1% of the population for whom poverty status is determined in Hancock, MI (781 out of 4.08k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 18 - 24, followed by Females 18 - 24 and then Males 35 - 44.

The most common racial or ethnic group living below the poverty line in Hancock, MI is White, followed by Hispanic and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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