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The total population of Hancock is estimated to be 725 with 377 males (52.00%) and 348 females (48.00%). There are 29 less females than males in Hancock.
The median household income in Hancock was $75,394 in 2021, which marked an a decrease of 1,624(2.11%) from $77,018 in 2020. This income is 101.06% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Hancock sees its highest median household income among householders in the age group of 45 to 64 years old, at $85,797. Overall, the median household income for the city of Hancock stands at $75,394.
In Hancock, the median income for all workers aged 15 years and older, regardless of work hours, was $53,370 for males and $17,312 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,450 for males and $54,046 for females.
In Hancock, there are just two different racial groups among households. Among these, White households report a median household income of $76,062, while Two or More Races households have a median household income of $54,586.
In 2022, the population of Hancock was 857, a 0.58% decrease year-by-year from 2021. Previously, in 2021, Hancock's population was 862, an increase of 0.23% compared to a population of 860 in 2020.
The median age in Hancock, MN is 34.9, as per 2021 ACS 5-Year Estimates. Of the total population, 22.08% were under the age of 15, 22.50% aged 15 to 29, 38.26% aged 30 to 64, 17.16% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Hancock population: 88.61% are White, 0.98% are Black or African American, 1.27% are American Indian and Alaska Native, 2.67% are Asian and 6.47% are multiracial.