Hanover, Jefferson County, IN demographics:
population, income, and more

Total population
3,554
-0.8% year-over-year change
Median household income
$53,929/yr
-7.3% year-over-year change
Housing units
1,105
3.7% year-over-year change

Hanover population

How many people live in Hanover

Hanover is home to 3,554 residents, according to the most recent Census data. Gender-wise, 51.4% of Hanover locals are male, and 48.6% are female.

Total population
3,554
-0.8% year-over-year change
Gender ratio
Male
51.4%
1,826
Female
48.6%
1,728
Value Percent YoY change
Male 1,826 51.4% 4.6%
Female 1,728 48.6% -6.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Hanover is 28, with the population distributed as follows: about 13.6% are children under 15, then 32.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 23.5% of the population, while another 18.6% fall into the 45 to 64 bracket. Finally, around 11.7% are 65 or older.

Median age
28.1
Age breakdown
Under 15
13.6%
15 to 24
32.6%
25 to 44
23.5%
45 to 64
18.6%
Over 65
11.7%
Value Percent YoY change
Under 15 484 13.6% -0.6%
15 to 24 1,158 32.6% 4.7%
25 to 44 836 23.5% -0.7%
45 to 64 660 18.6% -2.8%
Over 65 416 11.7% -11.5%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Hanover, 98.1% of the population are US-born citizens, while 1.1% have gained naturalized citizenship. At the same time, 0.8% of residents are non-citizens. As for race, 94.2% of locals are Caucasian, 0.6% are African American and 1.5% have Asian roots. There’s also a share of 3.4% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.1%
Non-U.S.-born citizens
1.1%
Non-citizens
0.8%
Value Percent YoY change
U.S.-born citizens 3,485 98.1% -1.8%
Non-U.S.-born citizens 39 1.1% 875.0%
Non-citizens 30 0.8% 0.0%
Racial breakdown
White
94.2%
Black or African American
0.6%
American Indian and Alaska Native
0%
Asian
1.5%
Native Hawaiian and other Pacific Islander
0.3%
Two or more races
3.4%
Other
0%
Value Percent
White 3,347 94.2%
Black or African American 23 0.6%
Asian 53 1.5%
Native Hawaiian and other Pacific Islander 11 0.3%
Two or more races 120 3.4%

Households in Hanover

A peek inside Hanover households

Hanover has 992 households, with an average of 3 members in each. Of these, 64.1% are families, while the remaining 35.9% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
992
6.3% year-over-year change
Average people per household
3
Non-family households
356
Family households
636
Value Percent YoY change
Non-family households 356 35.9% 38.5%
Family households 636 64.1% -5.9%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Hanover

The housing landscape of Hanover

Hanover's housing consists of 1,105 units, with 72% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 8.5% of the housing landscape.

Housing units
1,105
3.7% year-over-year change
Housing types
Value Percent
1 unit, detached 796 72%
1 unit, attached 30 2.7%
2 units 73 6.6%
3 or 4 units 19 1.7%
5 to 9 units 18 1.6%
10 to 19 units 57 5.2%
20 to 49 units 18 1.6%
Mobile home 94 8.5%
Homes built since 2020
37
640.0% year-over-year change

The age of buildings in Hanover

In Hanover, the median construction year is 1972. About 7.3% of homes were built before the 1940s, with another 2.9% going up by 1949. Most development happened in the second half of the 20th century. Then, 1.4% of homes were added from 2000 to 2009, 1.6% between 2010 and 2019, and 3.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 81 7.3% -8.0%
Built between 1940 and 1949 32 2.9% -27.3%
Built between 1950 and 1959 102 9.2% -20.3%
Built between 1960 and 1969 259 23.4% 22.2%
Built between 1970 and 1979 386 34.9% -9.2%
Built between 1980 and 1989 95 8.6% 115.9%
Built between 1990 and 1999 79 7.2% 14.5%
Built between 2000 and 2009 16 1.4% -48.4%
Built between 2010 and 2019 18 1.6% -10.0%
Built in 2020 or later 37 3.4% 640.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Hanover occupancy rates

Out of the 992 occupied housing units in Hanover, 63.9% are owner-occupied, while 36.1% are lived in by tenants. Meanwhile, 10.2% of all homes on the local market sit vacant.

Occupied housing units
992
6.3% year-over-year change
Occupancy breakdown
Renter occupied
358
Owner occupied
634
Value Percent YoY
change
Renter occupied 358 36.1% 19.3%
Owner occupied 634 63.9% 0.2%
Unoccupied housing units
10.2%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Hanover housing costs

Housing costs in Hanover come to a median of $896 per month, while tenants specifically pay a median gross rent of $900.

Median housing costs per month
$896/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Hanover
$900/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Hanover

Hanover education at a glance

About 35% of the population in Hanover went to high school, while 39.3% pursued college studies. Another 8.6% earned an associate degree and 7.2% hold a bachelor’s. Meanwhile, 4.2% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 170 5.6% 8.3%
High school diploma 1,058 35% 2.0%
College diploma 1,189 39.3% 1.4%
Associate degree 260 8.6% -21.7%
Bachelor's degree 218 7.2% 6.3%
Graduate degree 127 4.2% -3.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Hanover

How much people earn in Hanover

The average annual household income in Hanover was $64,161 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -16.8% change from the previous year. At the same time, the median income stood at $53,929, reflecting a -7.3% shift over the same period.

Average household income in Hanover
$64,161/year
-16.8% year-over-year change
Median household income in Hanover
$53,929/year
-7.3% year-over-year change

Hanover income by age

In Hanover, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $67,639. Those with someone between 45 and 64 in charge, often well established professionally, earn $81,328 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $26,458, while those led by someone over 65, many of whom may be retired, have about $37,500 in earnings. Overall, 87% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $26,458 -25.6%
25 - 44 $67,639 -3.8%
45 - 64 $81,328 4.2%
Over 65 $37,500 -20.8%
Above poverty level
2,168
Below poverty level
325
Value Percent YoY
change
Above poverty level 2,168 87% -3.9%
Below poverty level 325 13% 14.4%

Average renter income in Hanover

To get a better sense of what renters earn on average in Hanover, their median household income was $42,841 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 25.2%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$42,841
Rent-to-income ratio
25.2%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Hanover

Workforce and job types in Hanover

The job market in Hanover is powered by 1,621 working residents, spread across a range of industries and roles. 76.6% of the working population are employed in professional or administrative positions, while 23.4% are in hands-on or service-based jobs. Also, 5.6% run their own businesses, 70.1% are employed by private companies, and 13.6% work in the public sector.

Workforce demographics

Working population
1,621
3.9% year-over-year change
White collar
1,242
Blue collar
379
Value Percent YoY change
White collar 1,242 76.6% 6.5%
Blue collar 379 23.4% -3.8%
Employer type
Self employees
5.6%
Private companies
70.1%
Governmental workers
13.6%
Not for profit companies
10.7%
Value Percent YoY change
Self employees 90 5.6% 30.4%
Private companies 1,136 70.1% 2.8%
Governmental workers 221 13.6% 7.8%
Not for profit companies 174 10.7% -3.9%
Unemployment rate
9.0%
66.7% year-over-year change

Available workforce

The unemployment rate in Hanover stands at 9%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Hanover

How people get around in Hanover

In Hanover, the average commute time is 18 minutes. Commuting methods vary: 77.1% of residents travel by personal vehicle and 16.5% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
18 min
Means of transportation
Value Percent YoY change
Car 1,235 77.1% 5.1%
Bicycle 14 0.9% 40.0%
Walk 264 16.5% 12.8%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Hanover by zipcode?

Zipcode Population Number of households Median income Average income
47243 6,225 1,979 $65,197 $82,026

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FAQs about Hanover demographics 

What is the total population of Hanover?

Hanover has a total population of 3,554 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -0.8% compared to a year ago.

What is the gender ratio in Hanover?

The gender ratio in Hanover is as follows:
  • 51.4% males (1,826 residents)
  • 48.6% females (1,728 residents)

What is the median age in Hanover?

The median age in Hanover is 28.1.

What is the age distribution of the population in Hanover?

The age distribution in Hanover is as follows:
  • Under 15: 13.6% (484 residents)
  • Ages 15-24: 32.6% (1,158 residents)
  • Ages 25-44: 23.5% (836 residents)
  • Ages 45-64: 18.6% (660 residents)
  • Over 65: 11.7% (416 residents)

What is the racial and ethnic makeup of Hanover?

The racial and ethnic makeup of Hanover is as follows:
  • White: 94.2% (3,347 residents)
  • Black or African American: 0.6% (23 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 1.5% (53 residents)
  • Native Hawaiian and Other Pacific Islander: 0.3% (11 residents)
  • Two or More Races: 3.4% (120 residents)
  • Other: 0% (0 residents)

What percentage of the population in Hanover are U.S.-born citizens?

U.S.-born citizens represent 98.1% of the population in Hanover.

How many housing units are there in Hanover?

There are 1,105 housing units in Hanover, reflecting a +3.7% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Hanover and what is the average household size?

Hanover has a total of 992 households, with an average of 3 people in each.

What is the median household income in Hanover?

Hanover has a median household income of $53,929, representing a -7.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Hanover?

The employment rate is 91% in Hanover, with a workforce of 1,621 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76.6% (1,242 residents)
  • Blue-collar workers: 23.4% (379 residents)

Places of employment:
  • Self-employed: 5.6% (90 residents)
  • Private companies: 70.1% (1,136 residents)
  • Governmental workers: 13.6% (221 residents)
  • Not-for-profit companies: 10.7% (174 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025