Hancock, Carver County, MN demographics:
population, income, and more

Total population
711
-1.7% year-over-year change
Median household income
$98,056/yr
3.7% year-over-year change
Housing units
297
-0.3% year-over-year change

Hancock population

How many people live in Hancock

Hancock is home to 711 residents, according to the most recent Census data. Gender-wise, 46.8% of Hancock locals are male, and 53.3% are female.

Total population
711
-1.7% year-over-year change
Gender ratio
Male
46.8%
333
Female
53.3%
379
Value Percent YoY change
Male 333 46.8% -4.6%
Female 379 53.3% 1.6%
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 Hancock is 44, with the population distributed as follows: about 15.2% are children under 15, then 11.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 23.9% of the population, while another 25.9% fall into the 45 to 64 bracket. Finally, around 23.8% are 65 or older.

Median age
44
Age breakdown
Under 15
15.2%
15 to 24
11.2%
25 to 44
23.9%
45 to 64
25.9%
Over 65
23.8%
Value Percent YoY change
Under 15 108 15.2% -8.5%
15 to 24 80 11.2% 0.0%
25 to 44 170 23.9% -2.9%
45 to 64 184 25.9% 0.6%
Over 65 169 23.8% 1.8%
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 Hancock, 97.2% of the population are US-born citizens, while 2.8% have gained naturalized citizenship. As for race, 94.2% of locals are Caucasian, 0.4% are African American and 2% have Asian roots. Another 0.1% are Indigenous American, 0.1% are Pacific Islanders, while 0.3% identify as another race. There’s also a share of 2.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.2%
Non-U.S.-born citizens
2.8%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 691 97.2% -2.0%
Non-U.S.-born citizens 20 2.8% 17.6%
Racial breakdown
White
94.2%
Black or African American
0.4%
American Indian and Alaska Native
0.1%
Asian
2%
Native Hawaiian and other Pacific Islander
0.1%
Two or more races
2.8%
Other
0.3%
Value Percent
White 671 94.2%
Black or African American 3 0.4%
American Indian and Alaska Native 1 0.1%
Asian 14 2%
Native Hawaiian and other Pacific Islander 1 0.1%
Two or more races 20 2.8%
Other 2 0.3%

Households in Hancock

A peek inside Hancock households

Hancock has 288 households, with an average of 2 members in each. Of these, 67.7% are families, while the remaining 32.3% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
288
-0.3% year-over-year change
Average people per household
2
Non-family households
93
Family households
195
Value Percent YoY change
Non-family households 93 32.3% 5.7%
Family households 195 67.7% -3.0%
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 Hancock

The housing landscape of Hancock

Hancock's housing consists of 297 units, with 72.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 6.7% 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 4% of the housing landscape.

Housing units
297
-0.3% year-over-year change
Housing types
Value Percent
1 unit, detached 217 72.8%
1 unit, attached 20 6.7%
2 units 10 3.4%
3 or 4 units 6 2%
10 to 19 units 2 0.7%
20 to 49 units 5 1.7%
50 or more units 26 8.7%
Mobile home 12 4%
Homes built since 2020
5
400.0% year-over-year change

The age of buildings in Hancock

In Hancock, the median construction year is 1986. About 17.3% of homes were built before the 1940s, with another 2% going up by 1949. Most development happened in the second half of the 20th century. Then, 17.6% of homes were added from 2000 to 2009, 12.5% between 2010 and 2019, and 1.7% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 51 17.3% 0.0%
Built between 1940 and 1949 6 2% -45.5%
Built between 1950 and 1959 31 10.5% 6.9%
Built between 1960 and 1969 21 7.1% -8.7%
Built between 1970 and 1979 35 11.9% 16.7%
Built between 1980 and 1989 12 4.1% -7.7%
Built between 1990 and 1999 45 15.2% 9.8%
Built between 2000 and 2009 52 17.6% 26.8%
Built between 2010 and 2019 37 12.5% -36.2%
Built in 2020 or later 5 1.7% 400.0%
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.

Hancock occupancy rates

Out of the 288 occupied housing units in Hancock, 79.5% are owner-occupied, while 20.5% are lived in by tenants. Meanwhile, 3% of all homes on the local market sit vacant.

Occupied housing units
288
-0.3% year-over-year change
Occupancy breakdown
Renter occupied
59
Owner occupied
229
Value Percent YoY
change
Renter occupied 59 20.5% -9.2%
Owner occupied 229 79.5% 1.8%
Unoccupied housing units
3.0%
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.

Hancock housing costs

Housing costs in Hancock come to a median of $1,582 per month, while tenants specifically pay a median gross rent of $1,040.

Median housing costs per month
$1,582/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 Hancock
$1,040/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 Hancock

Hancock education at a glance

About 42.1% of the population in Hancock went to high school, while 22.4% pursued college studies. Another 11.5% earned an associate degree and 17.5% hold a bachelor’s. Meanwhile, 6.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1 0.2% -50.0%
High school diploma 241 42.1% 4.8%
College diploma 128 22.4% 2.4%
Associate degree 66 11.5% -9.6%
Bachelor's degree 100 17.5% -5.7%
Graduate degree 36 6.3% 0.0%
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 Hancock

How much people earn in Hancock

The average annual household income in Hancock was $91,526 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -6.3% change from the previous year. At the same time, the median income stood at $98,056, reflecting a +3.7% shift over the same period.

Average household income in Hancock
$91,526/year
-6.3% year-over-year change
Median household income in Hancock
$98,056/year
3.7% year-over-year change

Hancock income by age

In Hancock, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $128,034. Those with someone between 45 and 64 in charge, often well established professionally, earn $119,500 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $73,654, while those led by someone over 65, many of whom may be retired, have about $53,160 in earnings. Overall, 91.9% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $73,654 0.0%
25 - 44 $128,034 10.1%
45 - 64 $119,500 9.3%
Over 65 $53,160 -4.6%
Above poverty level
644
Below poverty level
57
Value Percent YoY
change
Above poverty level 644 91.9% -1.8%
Below poverty level 57 8.1% -6.6%

Employment in Hancock

Workforce and job types in Hancock

70.5% of the working population are employed in professional or administrative positions, while 29.5% are in hands-on or service-based jobs. Also, 12.7% run their own businesses, 65.8% are employed by private companies, and 15.1% work in the public sector.

Workforce demographics

White collar
261
Blue collar
109
Value Percent YoY change
White collar 261 70.5% -1.5%
Blue collar 109 29.5% 0.9%
Employer type
Self employees
12.7%
Private companies
65.8%
Governmental workers
15.1%
Not for profit companies
6.5%
Value Percent YoY change
Self employees 47 12.7% -11.3%
Private companies 244 65.8% -2.4%
Governmental workers 56 15.1% 21.7%
Not for profit companies 24 6.5% 0.0%

Transportation in Hancock

How people get around in Hancock

Commuting methods vary: 98% of residents travel by personal vehicle and 2% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 290 98% -3.6%
Walk 6 2% 0.0%
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 Hancock by zipcode?

Zipcode Population Number of households Median income Average income
55322 3,775 1,503 $124,861 $134,753
55368 1,775 725 $71,250 $86,461

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FAQs about Hancock demographics 

What is the total population of Hancock?

Hancock has a total population of 711 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 -1.7% compared to a year ago.

What is the gender ratio in Hancock?

The gender ratio in Hancock is as follows:
  • 46.8% males (333 residents)
  • 53.3% females (379 residents)

What is the median age in Hancock?

The median age in Hancock is 44.

What is the age distribution of the population in Hancock?

The age distribution in Hancock is as follows:
  • Under 15: 15.2% (108 residents)
  • Ages 15-24: 11.2% (80 residents)
  • Ages 25-44: 23.9% (170 residents)
  • Ages 45-64: 25.9% (184 residents)
  • Over 65: 23.8% (169 residents)

What is the racial and ethnic makeup of Hancock?

The racial and ethnic makeup of Hancock is as follows:
  • White: 94.2% (671 residents)
  • Black or African American: 0.4% (3 residents)
  • American Indian and Alaska Native: 0.1% (1 residents)
  • Asian: 2% (14 residents)
  • Native Hawaiian and Other Pacific Islander: 0.1% (1 residents)
  • Two or More Races: 2.8% (20 residents)
  • Other: 0.3% (2 residents)

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

U.S.-born citizens represent 97.2% of the population in Hancock.

How many housing units are there in Hancock?

There are 297 housing units in Hancock, reflecting a -0.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

Hancock has a total of 288 households, with an average of 2 people in each.

What is the median household income in Hancock?

Hancock has a median household income of $98,056, representing a +3.7% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Hancock?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 70.5% (261 residents)
  • Blue-collar workers: 29.5% (109 residents)

Places of employment:
  • Self-employed: 12.7% (47 residents)
  • Private companies: 65.8% (244 residents)
  • Governmental workers: 15.1% (56 residents)
  • Not-for-profit companies: 6.5% (24 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