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The total population of Hanover is estimated to be 849 with 409 males (48.17%) and 440 females (51.83%). There are 31 more females than males in Hanover.
The median household income in Hanover was $50,082 in 2021, which marked an an increase of 1,424(2.93%) from $48,658 in 2020. This income is 67.13% 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, Hanover sees its highest median household income among householders in the age group of 45 to 64 years old, at $59,450. Overall, the median household income for the village of Hanover stands at $50,082.
In Hanover, the median income for all workers aged 15 years and older, regardless of work hours, was $42,069 for males and $23,057 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,551 for males and $40,430 for females.
In Hanover, population is primarily represented by White households, reporting a median income of $49,271.
In 2022, the population of Hanover was 843, a 1.17% decrease year-by-year from 2021. Previously, in 2021, Hanover's population was 853, a decline of 0.93% compared to a population of 861 in 2020.
The median age in Hanover, IL is 50.5, as per 2021 ACS 5-Year Estimates. Of the total population, 15.96% were under the age of 15, 19.80% aged 15 to 29, 34.36% aged 30 to 64, 27.84% aged 65 to 84, and 2.04% were 85 years of age and older.
Racial distribution of Hanover population: 86.59% are White, 2.43% are Black or African American, 4.85% are American Indian and Alaska Native, 0.64% are some other race and 5.49% are multiracial.