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Hanover, IN&

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-5.08% decline
Median Age
Median Household Income
0.35% growth
Poverty Rate
Number of Employees
-1.84% decline
Median Property Value
0.85% growth


The economy of Hanover, IN employs 1,437 people. The economy of Hanover, IN is specialized in Utilities; Agriculture, Forestry, Fishing, Hunting; and Educational Services, which employ respectively 2.41; 2.38; and 2.19 times more people than what would be expected in a location of this size. The largest industries in Hanover, IN are Educational Services (295), Manufacturing (294), and Retail trade (194), and the highest paying industries are Admin., Support, Waste Management Services ($58,092), Professional, Scientific, Tech Services ($46,750), and Utilities ($41,500).

Median household income in Hanover, IN is $40,758. Males in Hanover, IN have an average income that is 1.23 times higher than the average income of females, which is $32,955. The income inequality of Hanover, IN (measured using the Gini index) is 0.379 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Hanover, IN. In Jefferson County, IN the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 68 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $9,885. Lake County, IN has the highest prevalence of homicides of any county in Indiana.


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Showing data across all counties in Indiana.

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Hanover, IN is home to a population of 3,495 people, from which 98.2% are citizens. The ethnic composition of the population of Hanover, IN is composed of 3,190 White residents (91.3%), 195 Black residents (5.58%), 66 Hispanic residents (1.89%), 36 Two+ residents (1.03%), and 5 Asian residents (0.14%). The most common foreign languages in Hanover, IN are Spanish (23 speakers), African Languages (19 speakers), and German (16 speakers), but compared to other places, Hanover, IN has a relative high number of Other West Germanic (4 speakers), German (16 speakers), and Portuguese (13 speakers).


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In 2015 universities in Hanover, IN awarded 258 degrees. The student population of Hanover, IN is skewed towards females, with 117 male students and 141 female students. Most students in Hanover, IN are White (213 and 82.6%), followed by Black or African American (13 and 5.04%), Two or more races (11 and 4.26%), and Unknown (5 and 1.94%). The largest universities in Hanover, IN by number of graduates are Hanover College (258 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Hanover, IN are Speech Communication & Rhetoric (31 and 12%), General Economics (23 and 8.91%), and General Biological Sciences (22 and 8.53%). The median tuition costs in Hanover, IN are N/A for private four year colleges, and $33,744 and $33,744 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Hanover, IN is $82,600, which is 0.42 times smaller than the national average of $194,500. Between 2014 and 2015 the median property value increased from $81,900 to $82,600, a 0.85% increase. The homeownership rate of Hanover, IN is 56.5%, which is lower than the national average of 63.9%. People in Hanover, IN have an average commute time of 19.5 minutes, and they commute by Drove Alone. Car ownership in Hanover, IN is approximately the same as the national average, with an average of 2 cars per household.


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