The median household income in Hanover, IN in 2022 was $54,993, which was 21.4% less than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $37,944 in 2000 this represents an increase of 31.0%. The per capita income in 2022 was $21,790, which means an increase of 24.2% compared to 2000 when it was $16,520.
Whole page based on the data from 2000 / 2022 when the population of Hanover, Indiana was 2,834 / 3,691
Income statistics for all residents
Median household income in Hanover, IN in 2022:
Hanover:
$54,994
Indiana:
$66,785
Change in median household income between 2000 and 2022:
Hanover, Indiana:
+44.9%
State:
+60.7%
Number of households with income < $10k:
Hanover:
4.7% (47)
Indiana:
5.6% (151,905)
Number of households with income $10k - 20k:
Hanover:
9.5% (94)
State:
7.1% (193,665)
Number of households with income $20k - 30k:
Hanover:
6.9% (69)
State:
7.8% (213,166)
Number of households with income $30k - 40k:
Hanover:
10.5% (104)
State:
8.5% (231,051)
Number of households with income $40k - 50k:
Hanover:
10.2% (101)
Indiana:
8.4% (227,994)
Number of households with income $50k - 60k:
Hanover:
9.1% (90)
State:
7.7% (210,699)
Number of households with income $60k - 75k:
Hanover:
11.6% (115)
State:
10.3% (279,665)
Number of households with income $75k - 100k:
Hanover:
19.4% (193)
Indiana:
14.1% (383,225)
Number of households with income $100k - 125k:
Hanover:
5.0% (50)
State:
10.3% (279,559)
Number of households with income $125k - 150k:
Hanover:
8.5% (84)
State:
6.3% (172,553)
Number of households with income $150k - 200k:
Hanover:
2.4% (24)
Indiana:
7.3% (198,086)
Number of households with income > $200k:
Hanover:
2.2% (22)
Indiana:
6.8% (184,921)
Aggregate household income in Hanover in 2022: $72,746,299
Median family income in Hanover in 2022:
Hanover:
$65,749
State:
$84,508
Number of families with income < $10k:
Hanover:
1.8% (13)
State:
3.5% (60,982)
Number of families with income $10k - 20k:
Hanover:
7.4% (53)
State:
3.8% (66,551)
Number of families with income $20k - 30k:
Hanover:
4.7% (34)
State:
4.7% (82,197)
Number of families with income $30k - 40k:
Hanover:
14.3% (102)
State:
6.2% (108,519)
Number of families with income $40k - 50k:
Hanover:
10.8% (77)
Indiana:
7.3% (126,404)
Number of families with income $50k - 60k:
Hanover:
6.2% (45)
Indiana:
7.4% (128,779)
Number of families with income $60k - 75k:
Hanover:
16.7% (119)
State:
10.7% (185,712)
Number of families with income $75k - 100k:
Hanover:
19.1% (136)
Indiana:
16.1% (280,434)
Number of families with income $100k - 125k:
Hanover:
6.7% (48)
Indiana:
12.7% (221,659)
Number of families with income $125k - 150k:
Hanover:
6.5% (46)
State:
8.2% (142,241)
Number of families with income $150k - 200k:
Hanover:
3.3% (24)
Indiana:
9.9% (171,875)
Number of families with income > $200k:
Hanover:
2.3% (17)
State:
9.5% (164,753)
Median non-family income in Hanover in 2022:
Hanover:
$27,946
State:
$39,768
Change in median non-family income between 2000 and 2022:
Hanover, Indiana:
+25.1%
State:
+67.9%
Median per capita income in Hanover in 2022:
Hanover:
$21,791
Indiana:
$35,984
Change in median per capita income between 2000 and 2022:
Hanover, Indiana:
+31.9%
Indiana:
+76.4%
Income statistics for White residents
Median household income in Hanover, IN in 2022:
Hanover:
$58,650
State:
$70,619
Change in median household income between 2000 and 2022:
Hanover, Indiana:
+55.1%
State:
+65.2%
Number of households with income < $10k:
Hanover:
4.9% (47)
State:
4.5% (100,447)
Number of households with income $10k - 20k:
Hanover:
9.7% (92)
Indiana:
6.5% (144,216)
Number of households with income $20k - 30k:
Hanover:
6.5% (62)
State:
7.5% (166,045)
Number of households with income $30k - 40k:
Hanover:
10.7% (102)
Indiana:
8.1% (179,206)
Number of households with income $40k - 50k:
Hanover:
10.4% (99)
State:
8.1% (178,985)
Number of households with income $50k - 60k:
Hanover:
8.2% (78)
State:
7.8% (171,865)
Number of households with income $60k - 75k:
Hanover:
11.4% (109)
State:
10.5% (231,572)
Number of households with income $75k - 100k:
Hanover:
19.7% (188)
State:
14.6% (323,007)
Number of households with income $100k - 125k:
Hanover:
5.0% (48)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Hanover:
8.6% (82)
State:
6.7% (148,936)
Number of households with income $150k - 200k:
Hanover:
2.4% (23)
Indiana:
7.7% (170,750)
Number of households with income > $200k:
Hanover:
2.3% (22)
State:
7.3% (160,805)
Aggregate household income in Hanover in 2022: $70,137,035
Median family income in Hanover in 2022:
Hanover:
$65,912
State:
$88,109
Number of families with income < $10k:
Hanover:
0.3% (2)
State:
2.5% (35,020)
Number of families with income $10k - 20k:
Hanover:
7.8% (53)
State:
3.3% (47,383)
Number of families with income $20k - 30k:
Hanover:
5.0% (34)
Indiana:
4.2% (60,156)
Number of families with income $30k - 40k:
Hanover:
15.1% (104)
State:
5.8% (82,106)
Number of families with income $40k - 50k:
Hanover:
11.0% (75)
State:
6.9% (98,385)
Number of families with income $50k - 60k:
Hanover:
6.1% (42)
Indiana:
7.3% (104,303)
Number of families with income $60k - 75k:
Hanover:
16.3% (112)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Hanover:
19.4% (133)
State:
16.8% (237,844)
Number of families with income $100k - 125k:
Hanover:
6.7% (46)
Indiana:
13.2% (187,178)
Number of families with income $125k - 150k:
Hanover:
6.5% (45)
State:
8.6% (122,703)
Number of families with income $150k - 200k:
Hanover:
3.4% (23)
Indiana:
10.5% (148,889)
Number of families with income > $200k:
Hanover:
2.4% (16)
State:
10.1% (143,001)
Median non-family income in Hanover in 2022:
Hanover:
$28,378
Indiana:
$41,009
Change in median non-family income between 2000 and 2022:
Hanover, Indiana:
+25.1%
State:
+69.4%
Median per capita income in Hanover in 2022:
Hanover:
$22,432
Indiana:
$38,746
Change in median per capita income between 2000 and 2022:
Hanover, Indiana:
+35.3%
State:
+82.8%
Income statistics for Black or African American residents
Number of households with income < $10k:
Hanover:
0.0% (0)
State:
12.9% (33,270)
Number of households with income $10k - 20k:
Hanover:
0.0% (0)
Indiana:
12.1% (31,195)
Number of households with income $20k - 30k:
Hanover:
40.0% (6)
State:
10.4% (26,676)
Number of households with income $30k - 40k:
Hanover:
0.0% (0)
State:
11.0% (28,436)
Number of households with income $40k - 50k:
Hanover:
0.0% (0)
Indiana:
9.5% (24,370)
Number of households with income $50k - 60k:
Hanover:
60.0% (9)
Indiana:
7.5% (19,416)
Number of households with income $60k - 75k:
Hanover:
0.0% (0)
State:
8.0% (20,642)
Number of households with income $75k - 100k:
Hanover:
0.0% (0)
State:
9.8% (25,235)
Number of households with income $100k - 125k:
Hanover:
0.0% (0)
Indiana:
8.1% (20,841)
Number of households with income $125k - 150k:
Hanover:
0.0% (0)
Indiana:
4.0% (10,319)
Number of households with income $150k - 200k:
Hanover:
0.0% (0)
State:
4.3% (11,187)
Number of households with income > $200k:
Hanover:
0.0% (0)
State:
2.3% (5,833)
Aggregate household income in Hanover in 2022: $2,017,700
Median per capita income in Hanover in 2022:
Hanover:
$5,801
State:
$25,414
Change in median per capita income between 2000 and 2022:: -47.9%
Hanover, Indiana:
-47.9%
Indiana:
+68.9%
Income statistics for Asian residents
Median per capita income in Hanover in 2022:
Hanover:
$2,732
State:
$41,211
Income statistics for Hispanic or Latino residents
Aggregate household income in Hanover in 2022: $832,280
Median per capita income in Hanover in 2022:
Hanover:
$8,186
State:
$22,779
Change in median per capita income between 2000 and 2022:: -49.5%
Hanover, Indiana:
-49.5%
Indiana:
+76.3%
Income statistics for American Indian and Alaska Native residents
Median per capita income in Hanover in 2022:
Hanover:
$25,442
State:
$27,558
Income statistics for Multirace residents
Aggregate household income in Hanover in 2022: $1,692,777
Median per capita income in Hanover in 2022:
Hanover:
$5,271
State:
$23,668
Change in median per capita income between 2000 and 2022:: -81.6%
Hanover, Indiana:
-81.6%
State:
+108.5%
Income statistics for other residents
Median per capita income in Hanover in 2022:
Hanover:
$26,241
State:
$23,719
Change in median per capita income between 2000 and 2022:
Hanover, Indiana:
+61.8%
Indiana:
+99.6%
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-47.9%
+68.9%