Hancock, MI Employment - Median Household Income, Unemployment Rate

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D

7%

Income/capita NAT. AVG.

27%

Household income NAT. AVG.

61%

Unemployment NAT. AVG.

Index	Hancock	Michigan	National
Income per capita	$41,707	$40,534	$44,883
Median household income	$59,283	$74,200	$81,333
Median income owner occupied	$108,779	$92,757	$106,172
Median income renter occupied	$35,811	$42,775	$52,080
Median earnings male	$24,748	$52,653	$54,343
Median earnings female	$31,951	$34,413	$38,439
Unemployment rate	1.9%	5.5%	4.9%
Poverty level	22.5%	16.3%	15.1%

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414 Ryan St

Hancock, MI

21278 Main St

Hancock, MI

1001 Prospect St

Hancock, MI

304 Harris Ave

Hancock, MI

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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 27% 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

$39,518 $59,283 $118,566

City

$49,461 $74,200 $148,400

State

$54,216 $81,333 $162,666

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	996	$84,782	4.2%
Ahmeek, MI	89	$75,498	7.2%
Hubbell, MI	870	$66,229	18.6%
Laurium, MI	1,960	$58,492	28.1%
Copper City, MI	241	$57,753	29.0%
Hancock, MI	4,684	$59,283	27.1%

Cities with similar population

City	Population	Household Income	National Avg.
Bayside, WI	4,686	$151,305	86.0%
Wauna, WA	4,680	$149,115	83.3%
Neuville, QC	4,680	n/a
New Burlington, OH	4,688	$83,093	2.2%
Piney, AR	4,679	$76,955	5.4%
Hancock, MI	4,684	$59,283	27.1%

Source: The Hancock, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.