The median household income in Hancock, MI in 2022 was $45,928, which was 45.8% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $28,118 in 2000 this represents an increase of 38.8%. The per capita income in 2022 was $33,443, which means an increase of 50.2% compared to 2000 when it was $16,669.
Whole page based on the data from 2000 / 2022 when the population of Hancock, Michigan was 4,323 / 4,515
Income statistics for all residents
Median household income in Hancock, MI in 2022:
Hancock:
$45,929
Michigan:
$66,986
Change in median household income between 2000 and 2022:
Hancock, Michigan:
+63.3%
State:
+50.0%
Number of households with income < $10k:
Hancock:
9.1% (168)
Michigan:
5.7% (231,223)
Number of households with income $10k - 20k:
Hancock:
10.9% (202)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Hancock:
10.7% (199)
Michigan:
7.9% (324,153)
Number of households with income $30k - 40k:
Hancock:
12.4% (230)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Hancock:
9.9% (184)
Michigan:
7.9% (322,255)
Number of households with income $50k - 60k:
Hancock:
4.7% (87)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Hancock:
6.1% (113)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Hancock:
8.5% (157)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Hancock:
5.3% (99)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Hancock:
11.5% (213)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Hancock:
5.7% (106)
State:
7.5% (305,077)
Number of households with income > $200k:
Hancock:
5.2% (97)
State:
8.1% (330,644)
Aggregate household income in Hancock in 2022: $145,823,496
Median family income in Hancock in 2022:
Hancock:
$116,715
State:
$85,865
Number of families with income < $10k:
Hancock:
5.9% (47)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Hancock:
2.7% (22)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Hancock:
5.1% (41)
State:
5.0% (127,320)
Number of families with income $30k - 40k:
Hancock:
4.8% (39)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Hancock:
3.3% (27)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Hancock:
3.2% (25)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Hancock:
9.6% (77)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Hancock:
9.5% (76)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Hancock:
9.9% (80)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Hancock:
23.1% (186)
Michigan:
8.6% (220,338)
Number of families with income $150k - 200k:
Hancock:
14.3% (115)
State:
10.2% (259,462)
Number of families with income > $200k:
Hancock:
8.5% (68)
State:
11.3% (287,206)
Median non-family income in Hancock in 2022:
Hancock:
$31,506
Michigan:
$40,459
Change in median non-family income between 2000 and 2022:
Hancock, Michigan:
+88.7%
State:
+54.5%
Median per capita income in Hancock in 2022:
Hancock:
$33,444
State:
$38,151
Change in median per capita income between 2000 and 2022:
Hancock, Michigan:
+100.6%
State:
+72.1%
Income statistics for White residents
Median household income in Hancock, MI in 2022:
Hancock:
$47,523
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Hancock, Michigan:
+69.4%
State:
+52.9%
Number of households with income < $10k:
Hancock:
8.7% (154)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Hancock:
10.4% (185)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Hancock:
10.1% (178)
Michigan:
7.6% (242,254)
Number of households with income $30k - 40k:
Hancock:
13.0% (230)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Hancock:
10.0% (177)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Hancock:
4.7% (84)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Hancock:
6.3% (111)
Michigan:
10.4% (328,664)
Number of households with income $75k - 100k:
Hancock:
8.7% (154)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Hancock:
5.5% (98)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Hancock:
11.8% (209)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Hancock:
5.9% (104)
State:
8.1% (255,445)
Number of households with income > $200k:
Hancock:
4.9% (87)
Michigan:
8.7% (276,727)
Aggregate household income in Hancock in 2022: $140,179,281
Median family income in Hancock in 2022:
Hancock:
$116,702
Michigan:
$90,317
Number of families with income < $10k:
Hancock:
5.0% (38)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Hancock:
2.9% (22)
State:
3.2% (64,106)
Number of families with income $20k - 30k:
Hancock:
4.9% (37)
Michigan:
4.6% (91,551)
Number of families with income $30k - 40k:
Hancock:
4.9% (38)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Hancock:
3.4% (26)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Hancock:
3.2% (24)
Michigan:
6.8% (135,883)
Number of families with income $60k - 75k:
Hancock:
9.8% (75)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Hancock:
9.8% (75)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Hancock:
10.2% (78)
Michigan:
12.4% (248,235)
Number of families with income $125k - 150k:
Hancock:
23.7% (182)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Hancock:
14.7% (113)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Hancock:
7.6% (58)
State:
12.0% (239,713)
Median non-family income in Hancock in 2022:
Hancock:
$31,948
Michigan:
$42,438
Change in median non-family income between 2000 and 2022:
Hancock, Michigan:
+89.0%
Michigan:
+56.8%
Median per capita income in Hancock in 2022:
Hancock:
$33,806
State:
$41,514
Change in median per capita income between 2000 and 2022:
Hancock, Michigan:
+102.6%
Michigan:
+75.2%
Income statistics for Black or African American residents
Median per capita income in Hancock in 2022:
Hancock:
$14,532
State:
$25,207
Change in median per capita income between 2000 and 2022:
Hancock, Michigan:
+33.9%
State:
+60.4%
Income statistics for Asian residents
Aggregate household income in Hancock in 2022: $4,515,927
Median per capita income in Hancock in 2022:
Hancock:
$54,065
Michigan:
$48,128
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Hancock:
30.8% (8)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Hancock:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Hancock:
69.2% (18)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Hancock:
0.0% (0)
Michigan:
7.9% (13,373)
Number of households with income $40k - 50k:
Hancock:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $50k - 60k:
Hancock:
0.0% (0)
Michigan:
8.9% (14,990)
Number of households with income $60k - 75k:
Hancock:
0.0% (0)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Hancock:
0.0% (0)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Hancock:
0.0% (0)
Michigan:
8.8% (14,758)
Number of households with income $125k - 150k:
Hancock:
0.0% (0)
State:
5.3% (8,915)
Number of households with income $150k - 200k:
Hancock:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Hancock:
0.0% (0)
Michigan:
5.3% (8,978)
Aggregate household income in Hancock in 2022: $3,138,875
Median per capita income in Hancock in 2022:
Hancock:
$11,629
State:
$25,462
Income statistics for Multirace residents
Median household income in Hancock, MI in 2022:
Hancock:
$23,469
Michigan:
$63,251
Change in median household income between 2000 and 2022:: -31.7%
Hancock, Michigan:
-31.7%
State:
+82.6%
Number of households with income < $10k:
Hancock:
15.7% (11)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Hancock:
28.6% (20)
Michigan:
8.7% (17,830)
Number of households with income $20k - 30k:
Hancock:
38.6% (27)
Michigan:
7.6% (15,686)
Number of households with income $30k - 40k:
Hancock:
0.0% (0)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Hancock:
0.0% (0)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Hancock:
0.0% (0)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Hancock:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Hancock:
0.0% (0)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Hancock:
0.0% (0)
Michigan:
8.9% (18,231)
Number of households with income $125k - 150k:
Hancock:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Hancock:
0.0% (0)
State:
6.8% (13,956)
Number of households with income > $200k:
Hancock:
17.1% (12)
State:
6.2% (12,672)
Aggregate household income in Hancock in 2022: $3,926,345
Median per capita income in Hancock in 2022:
Hancock:
$27,104
Michigan:
$26,098
Change in median per capita income between 2000 and 2022:
Hancock, Michigan:
+1.8%
State:
+106.5%
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