The median household income in Hancock, MD in 2022 was $42,477, which was 123.6% less than the median annual income of $94,991 across the entire state of Maryland. Compared to the median income of $28,750 in 2000 this represents an increase of 32.3%. The per capita income in 2022 was $25,084, which means an increase of 45.2% compared to 2000 when it was $13,758.
Whole page based on the data from 2000 / 2022 when the population of Hancock, Maryland was 1,725 / 1,593
Income statistics for all residents
Median household income in Hancock, MD in 2022:
Hancock:
$42,477
Maryland:
$94,991
Change in median household income between 2000 and 2022:
Hancock, Maryland:
+47.7%
Maryland:
+79.7%
Number of households with income < $10k:
Hancock:
5.6% (40)
State:
4.8% (114,450)
Number of households with income $10k - 20k:
Hancock:
8.4% (60)
Maryland:
5.0% (117,883)
Number of households with income $20k - 30k:
Hancock:
23.1% (165)
State:
5.2% (123,350)
Number of households with income $30k - 40k:
Hancock:
10.9% (78)
State:
5.6% (134,104)
Number of households with income $40k - 50k:
Hancock:
12.5% (89)
Maryland:
5.6% (132,932)
Number of households with income $50k - 60k:
Hancock:
6.3% (45)
State:
5.6% (132,707)
Number of households with income $60k - 75k:
Hancock:
10.7% (76)
State:
7.9% (188,335)
Number of households with income $75k - 100k:
Hancock:
10.5% (75)
Maryland:
12.5% (297,873)
Number of households with income $100k - 125k:
Hancock:
6.0% (43)
Maryland:
10.5% (250,497)
Number of households with income $125k - 150k:
Hancock:
2.2% (16)
State:
8.1% (193,208)
Number of households with income $150k - 200k:
Hancock:
1.8% (13)
Maryland:
11.6% (274,905)
Number of households with income > $200k:
Hancock:
1.8% (13)
State:
17.5% (415,740)
Aggregate household income in Hancock in 2022: $39,047,685
Median family income in Hancock in 2022:
Hancock:
$46,195
State:
$117,294
Number of families with income < $10k:
Hancock:
1.4% (6)
Maryland:
2.7% (41,433)
Number of families with income $20k - 30k:
Hancock:
31.8% (128)
Maryland:
3.4% (52,891)
Number of families with income $30k - 40k:
Hancock:
6.0% (24)
State:
4.5% (70,252)
Number of families with income $40k - 50k:
Hancock:
16.4% (66)
State:
4.8% (74,112)
Number of families with income $50k - 60k:
Hancock:
4.7% (19)
State:
5.0% (77,590)
Number of families with income $60k - 75k:
Hancock:
12.4% (50)
Maryland:
7.1% (109,924)
Number of families with income $75k - 100k:
Hancock:
10.4% (42)
State:
12.0% (185,255)
Number of families with income $100k - 125k:
Hancock:
7.8% (31)
Maryland:
11.2% (173,203)
Number of families with income $125k - 150k:
Hancock:
3.6% (14)
State:
9.3% (143,453)
Number of families with income $150k - 200k:
Hancock:
2.0% (8)
State:
14.2% (218,861)
Number of families with income > $200k:
Hancock:
3.6% (15)
State:
23.2% (359,182)
Median non-family income in Hancock in 2022:
Hancock:
$27,382
State:
$57,179
Change in median non-family income between 2000 and 2022:
Hancock, Maryland:
+99.1%
Maryland:
+75.1%
Median per capita income in Hancock in 2022:
Hancock:
$25,084
State:
$49,236
Change in median per capita income between 2000 and 2022:
Hancock, Maryland:
+82.3%
State:
+92.2%
Income statistics for White residents
Median household income in Hancock, MD in 2022:
Hancock:
$42,080
Maryland:
$107,160
Change in median household income between 2000 and 2022:
Hancock, Maryland:
+45.6%
State:
+85.3%
Number of households with income < $10k:
Hancock:
5.5% (35)
State:
3.7% (47,387)
Number of households with income $10k - 20k:
Hancock:
9.2% (59)
Maryland:
4.1% (52,102)
Number of households with income $20k - 30k:
Hancock:
22.7% (145)
State:
4.6% (58,758)
Number of households with income $30k - 40k:
Hancock:
9.8% (63)
Maryland:
4.7% (59,745)
Number of households with income $40k - 50k:
Hancock:
13.0% (83)
State:
5.0% (62,576)
Number of households with income $50k - 60k:
Hancock:
4.5% (29)
Maryland:
5.1% (64,484)
Number of households with income $60k - 75k:
Hancock:
10.9% (70)
State:
7.7% (97,019)
Number of households with income $75k - 100k:
Hancock:
11.6% (74)
Maryland:
11.8% (149,205)
Number of households with income $100k - 125k:
Hancock:
6.6% (42)
State:
10.6% (134,231)
Number of households with income $125k - 150k:
Hancock:
2.2% (14)
State:
8.8% (111,081)
Number of households with income $150k - 200k:
Hancock:
2.0% (13)
Maryland:
12.9% (162,966)
Number of households with income > $200k:
Hancock:
2.0% (13)
State:
20.9% (264,377)
Aggregate household income in Hancock in 2022: $36,253,495
Median family income in Hancock in 2022:
Hancock:
$46,149
State:
$134,708
Number of families with income < $10k:
Hancock:
1.5% (5)
Maryland:
1.6% (13,064)
Number of families with income $20k - 30k:
Hancock:
25.9% (89)
Maryland:
2.2% (18,018)
Number of families with income $30k - 40k:
Hancock:
4.8% (17)
State:
3.3% (26,886)
Number of families with income $40k - 50k:
Hancock:
19.2% (66)
State:
3.6% (29,194)
Number of families with income $50k - 60k:
Hancock:
4.7% (16)
Maryland:
4.1% (33,120)
Number of families with income $60k - 75k:
Hancock:
13.3% (46)
Maryland:
6.6% (53,501)
Number of families with income $75k - 100k:
Hancock:
12.1% (42)
State:
11.3% (91,779)
Number of families with income $100k - 125k:
Hancock:
8.5% (29)
State:
11.3% (91,483)
Number of families with income $125k - 150k:
Hancock:
3.7% (13)
State:
9.9% (80,832)
Number of families with income $150k - 200k:
Hancock:
2.2% (8)
Maryland:
16.0% (130,295)
Number of families with income > $200k:
Hancock:
4.2% (14)
State:
28.1% (228,324)
Median non-family income in Hancock in 2022:
Hancock:
$24,880
State:
$61,991
Change in median non-family income between 2000 and 2022:
Hancock, Maryland:
+77.9%
Maryland:
+76.8%
Median per capita income in Hancock in 2022:
Hancock:
$26,146
State:
$59,750
Change in median per capita income between 2000 and 2022:
Hancock, Maryland:
+89.6%
State:
+104.5%
Income statistics for Black or African American residents
Aggregate household income in Hancock in 2022: $17,114
Median per capita income in Hancock in 2022:
Hancock:
$2,891
State:
$40,756
Change in median per capita income between 2000 and 2022:: -71.7%
Hancock, Maryland:
-71.7%
State:
+113.5%
Income statistics for Asian residents
Aggregate household income in Hancock in 2022: $901,775
Median per capita income in Hancock in 2022:
Hancock:
$17,783
Maryland:
$53,546
Change in median per capita income between 2000 and 2022:
Hancock, Maryland:
+35.1%
Maryland:
+122.9%
Income statistics for American Indian and Alaska Native residents
Median per capita income in Hancock in 2022:
Hancock:
$44,632
State:
$35,089
Change in median per capita income between 2000 and 2022:
Hancock, Maryland:
+45.6%
State:
+56.2%
Income statistics for Multirace residents
Number of households with income < $10k:
Hancock:
21.4% (3)
State:
4.8% (6,469)
Number of households with income $10k - 20k:
Hancock:
0.0% (0)
State:
3.3% (4,464)
Number of households with income $20k - 30k:
Hancock:
0.0% (0)
Maryland:
5.8% (7,826)
Number of households with income $30k - 40k:
Hancock:
0.0% (0)
Maryland:
8.1% (11,077)
Number of households with income $40k - 50k:
Hancock:
0.0% (0)
State:
4.3% (5,895)
Number of households with income $50k - 60k:
Hancock:
78.6% (11)
Maryland:
3.9% (5,346)
Number of households with income $60k - 75k:
Hancock:
0.0% (0)
State:
6.7% (9,159)
Number of households with income $75k - 100k:
Hancock:
0.0% (0)
Maryland:
13.6% (18,420)
Number of households with income $100k - 125k:
Hancock:
0.0% (0)
Maryland:
12.9% (17,488)
Number of households with income $125k - 150k:
Hancock:
0.0% (0)
State:
8.1% (11,039)
Number of households with income $150k - 200k:
Hancock:
0.0% (0)
Maryland:
11.5% (15,675)
Number of households with income > $200k:
Hancock:
0.0% (0)
Maryland:
17.0% (23,059)
Aggregate household income in Hancock in 2022: $2,030,007
Median per capita income in Hancock in 2022:
Hancock:
$12,579
Maryland:
$35,630
Change in median per capita income between 2000 and 2022:
Hancock, Maryland:
+78.5%
Maryland:
+125.1%
Income statistics for other residents
Median per capita income in Hancock in 2022:
Hancock:
$16,669
Maryland:
$24,415
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