Hanover, MN demographics:
population, income, and more

Total population
3,626
3.8% year-over-year change
Median household income
$156,536/yr
5.8% year-over-year change
Housing units
1,200
0.2% year-over-year change

Hanover population

How many people live in Hanover

Hanover is home to 3,626 residents, according to the most recent Census data. Gender-wise, 49.7% of Hanover locals are male, and 50.3% are female.

Total population
3,626
3.8% year-over-year change
Gender ratio
Male
49.7%
1,802
Female
50.3%
1,824
Value Percent YoY change
Male 1,802 49.7% 4.8%
Female 1,824 50.3% 2.8%
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 36, with the population distributed as follows: about 25.9% are children under 15, then 12.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 24% of the population, while another 29.8% fall into the 45 to 64 bracket. Finally, around 7.9% are 65 or older.

Median age
36.1
Age breakdown
Under 15
25.9%
15 to 24
12.5%
25 to 44
24%
45 to 64
29.8%
Over 65
7.9%
Value Percent YoY change
Under 15 939 25.9% 4.8%
15 to 24 452 12.5% 5.4%
25 to 44 869 24% -1.2%
45 to 64 1,079 29.8% 10.0%
Over 65 287 7.9% -7.1%
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, 97.6% of the population are US-born citizens, while 2.1% have gained naturalized citizenship. At the same time, 0.3% of residents are non-citizens. There’s also a share of 5.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.6%
Non-U.S.-born citizens
2.1%
Non-citizens
0.3%
Value Percent YoY change
U.S.-born citizens 3,538 97.6% 3.2%
Non-U.S.-born citizens 77 2.1% 20.3%
Non-citizens 11 0.3% 175.0%
Racial breakdown
White
89.6%
Black or African American
0%
American Indian and Alaska Native
1.3%
Asian
3%
Native Hawaiian and other Pacific Islander
0%
Two or more races
5.2%
Other
0.9%
Value Percent
White 3,247 89.6%
American Indian and Alaska Native 46 1.3%
Asian 110 3%
Two or more races 189 5.2%
Other 34 0.9%

Households in Hanover

A peek inside Hanover households

Hanover has 1,169 households, with an average of 3 members in each. Of these, 84.4% are families, while the remaining 15.6% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,169
0.0% year-over-year change
Average people per household
3
Non-family households
183
Family households
986
Value Percent YoY change
Non-family households 183 15.6% -25.0%
Family households 986 84.4% 6.6%
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 1,200 units, with 95.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.5% and offer a more compact, shared living style.

Housing units
1,200
0.2% year-over-year change
Housing types
Value Percent
1 unit, detached 1,150 95.8%
1 unit, attached 30 2.5%
5 to 9 units 13 1.1%
20 to 49 units 7 0.6%
Homes built since 2020
80
220.0% year-over-year change

The age of buildings in Hanover

In Hanover, the median construction year is 2003. About 2.8% of homes were built before the 1940s, with another 0.7% going up by 1949. Most development happened in the second half of the 20th century. Then, 33.3% of homes were added from 2000 to 2009, 20.9% between 2010 and 2019, and 6.7% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 34 2.8% 36.0%
Built between 1940 and 1949 8 0.7% 0.0%
Built between 1950 and 1959 41 3.4% -8.9%
Built between 1960 and 1969 49 4.1% 19.5%
Built between 1970 and 1979 55 4.6% -5.2%
Built between 1980 and 1989 86 7.2% -11.3%
Built between 1990 and 1999 196 16.3% 8.9%
Built between 2000 and 2009 400 33.3% -12.8%
Built between 2010 and 2019 251 20.9% -3.1%
Built in 2020 or later 80 6.7% 220.0%
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 1,169 occupied housing units in Hanover, 93% are owner-occupied, while 7% are lived in by tenants. Meanwhile, 2.6% of all homes on the local market sit vacant.

Occupied housing units
1,169
0.0% year-over-year change
Occupancy breakdown
Renter occupied
82
Owner occupied
1,087
Value Percent YoY
change
Renter occupied 82 7% -13.7%
Owner occupied 1,087 93% 1.2%
Unoccupied housing units
2.6%
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 $2,270 per month, while tenants specifically pay a median gross rent of $1,853.

Median housing costs per month
$2,270/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
$1,853/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 22.7% of the population in Hanover went to high school, while 16.6% pursued college studies. Another 12% earned an associate degree and 36.3% hold a bachelor’s. Meanwhile, 12.1% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 7 0.3% N/A
High school diploma 551 22.7% -2.6%
College diploma 402 16.6% -8.4%
Associate degree 292 12% -11.0%
Bachelor's degree 879 36.3% 14.6%
Graduate degree 293 12.1% 8.1%
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 $165,752 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +6.9% change from the previous year. At the same time, the median income stood at $156,536, reflecting a +5.8% shift over the same period.

Average household income in Hanover
$165,752/year
6.9% year-over-year change
Median household income in Hanover
$156,536/year
5.8% 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 $174,474. Those with someone between 45 and 64 in charge, often well established professionally, earn $163,854 overall. Overall, 99.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $174,474 6.3%
45 - 64 $163,854 6.1%
Over 65 $130,833 48.5%
Above poverty level
3,583
Below poverty level
21
Value Percent YoY
change
Above poverty level 3,583 99.4% 5.8%
Below poverty level 21 0.6% -72.4%

Average renter income in Hanover

To get a better sense of what renters earn on average in Hanover, their median household income was $95,750 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 23.2%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$95,750
Rent-to-income ratio
23.2%
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 2,033 working residents, spread across a range of industries and roles. 86.2% of the working population are employed in professional or administrative positions, while 13.8% are in hands-on or service-based jobs. Also, 9.7% run their own businesses, 72.4% are employed by private companies, and 6.7% work in the public sector.

Workforce demographics

Working population
2,033
5.8% year-over-year change
White collar
1,753
Blue collar
280
Value Percent YoY change
White collar 1,753 86.2% 5.3%
Blue collar 280 13.8% 8.5%
Employer type
Self employees
9.7%
Private companies
72.4%
Governmental workers
6.7%
Not for profit companies
11.2%
Value Percent YoY change
Self employees 197 9.7% -1.5%
Private companies 1,472 72.4% 9.2%
Governmental workers 137 6.7% -7.4%
Not for profit companies 227 11.2% 0.4%
Unemployment rate
1.3%
8.3% year-over-year change

Available workforce

The unemployment rate in Hanover stands at 1.3%, 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

Means of transportation
Value Percent YoY change
Car 1,441 71.5% 0.0%
Bus or trolleybus 3 0.2% -66.7%
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
55313 24,913 9,256 $92,455 $112,816
55341 3,561 1,144 $157,071 $167,819

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FAQs about Hanover demographics 

What is the total population of Hanover?

Hanover has a total population of 3,626 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 +3.8% compared to a year ago.

What is the gender ratio in Hanover?

The gender ratio in Hanover is as follows:
  • 49.7% males (1,802 residents)
  • 50.3% females (1,824 residents)

What is the median age in Hanover?

The median age in Hanover is 36.1.

What is the age distribution of the population in Hanover?

The age distribution in Hanover is as follows:
  • Under 15: 25.9% (939 residents)
  • Ages 15-24: 12.5% (452 residents)
  • Ages 25-44: 24% (869 residents)
  • Ages 45-64: 29.8% (1,079 residents)
  • Over 65: 7.9% (287 residents)

What is the racial and ethnic makeup of Hanover?

The racial and ethnic makeup of Hanover is as follows:
  • White: 89.6% (3,247 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 1.3% (46 residents)
  • Asian: 3% (110 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 5.2% (189 residents)
  • Other: 0.9% (34 residents)

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

U.S.-born citizens represent 97.6% of the population in Hanover.

How many housing units are there in Hanover?

There are 1,200 housing units in Hanover, reflecting a +0.2% 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 1,169 households, with an average of 3 people in each.

What is the median household income in Hanover?

Hanover has a median household income of $156,536, representing a +5.8% 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 98.7% in Hanover, with a workforce of 2,033 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 86.2% (1,753 residents)
  • Blue-collar workers: 13.8% (280 residents)

Places of employment:
  • Self-employed: 9.7% (197 residents)
  • Private companies: 72.4% (1,472 residents)
  • Governmental workers: 6.7% (137 residents)
  • Not-for-profit companies: 11.2% (227 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