Hancock, MA
Maps & Population Facts
Population
639
Population Density
18
Labor Participaton
69.8%
Bachelor's or Higher
23.1%
Median Household Income
$71,875
Median Individual Income
$36,424
Median Individual Income(Full-time Workers Only)
$47,109
Housing Estimates
Median House Value
$248,700
Median Gross Rent
$1,114
Median Mortgage Payment
$1,368
Housing Units
689
People who reside in Hancock live in:
Detached - Single Family Homes
50%
Apt, Condo, Other
50%
Analysis
Income
Households in Hancock earn more money than the national median income, averaging 19% higher per household.
Housing
Hancock has a median house price of $248,700. The cost of homeownership is slightly higher than most areas. The cost of renting in Hancock is 10% more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 21% |
Demographics
The median age in Hancock is 51. Hancock has a population that is significantly older than in comparison to the US median age.
Hancock ranks in the lowest of the nation for having an educated population and has significantly less college graduates per resident than most areas.
Housing Data
Housing Comparison
Hancock | Massachusetts | USA | |
Median Property Value | 248,700 | 385,400 | 217,600 |
Median Mortgage Payment | 1,368 | 2,108 | 1,513 |
Median Gross Rent | 1,114 | 1,208 | 1,012 |
Property Vacancy | 63.7% | 10.0% | 12.6% |
% Renters | 25% | 38% | 36% |
Residents per Sq. Mi. | 18 | 885 | 93 |
Personal Comparison
Hancock | Massachusetts | USA | |
Median Household Income | 71,875 | 77,385 | 60,336 |
Median Individual Income | 36,424 | 41,700 | 33,646 |
Median Income (Full-Time) | 47,109 | 60,923 | 46,881 |
Median Age | 51.4 | 39.5 | 38.1 |
Labor Participation | 69.8% | 67.8% | 62.8% |
Attained College Degree | 23.1% | 43.4% | 32.0% |
Population Density Analysis
Hancock, MA
18
Residents per Sq. Mile
The population density of Hancock is comparable to that of a Remote Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +