Hancock, MI Employment - Median Household Income, Unemployment Rate

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D

7%

Income/capita NAT. AVG.

28%

Household income NAT. AVG.

61%

Unemployment NAT. AVG.

Index	Hancock	Michigan	National
Income per capita	$27,649	$27,549	$29,829
Median household income	$39,886	$50,803	$55,322
Median income owner occupied	$73,804	$62,251	$70,586
Median income renter occupied	$23,807	$28,598	$35,192
Median earnings male	$16,750	$35,730	$36,919
Median earnings female	$21,577	$22,948	$26,250
Unemployment rate	1.8%	5.2%	4.7%
Poverty level	22.5%	16.3%	15.1%

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Key findings

The income per capita in Hancock is 7% lower than the national average
The median household income in Hancock is 28% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Hancock is 61% lower than the national average
The poverty level in Hancock is 49% higher than the national average

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am i middle class

$26,588 $39,886 $79,772

City

$33,865 $50,803 $101,606

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Hancock median earnings by income bracket

Hancock employment by industry

Labour Type	Male	Female
Construction industry	6.2%	6.2%
Manufacturing sector	5.6%	5.6%
Financial & insurance services	1.8%	1.8%
Wholesale & retail services	13.1%	13.1%
Public administration	4.5%	4.5%
Transportation, warehousing & utilities	3.4%	3.4%
Education, health & social services	26.4%	26.4%
Other	38.8%	38.8%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Dollar Bay, MI	971	$56,833	2.7%
Ahmeek, MI	85	$50,391	8.9%
Hubbell, MI	837	$43,672	21.1%
Laurium, MI	1,922	$38,833	29.8%
Copper City, MI	234	$38,750	30.0%
Hancock, MI	4,526	$39,886	27.9%

Cities with similar population

City	Population	Household Income	National Avg.
New Burlington, OH	4,526	$54,886	0.8%
Staunton, IL	4,528	$52,725	4.7%
Coopertown, TN	4,528	$78,750	42.3%
Aurora, NE	4,523	$65,538	18.5%
Spring Lake Heights, NJ	4,530	$90,511	63.6%
Hancock, MI	4,526	$39,886	27.9%

Source: The Hancock, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).