Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Hancock, Michigan is a smaller city with a population of 4,526 residents. At 94%, the majority of the Hancock population is White; this is followed by 2% Asian and 0% Black. Hancock is very likely to be a great place to live for singles as only 42%, of the population (over fifteen) are classified as married. If you're not a fan of traffic congestion and long commute times to work, Hancock is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 14 minutes, significantly lower than the national average of 26 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Hancock, Michigan could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Hancock and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, commute and other important metrics.
Hancock has a livability score of 79/100 and is ranked #84 in Michigan and #1,673 in the USA. This is a phenomenal score, as Hancock ranks well in multiple categories! Another exciting tidbit, is that Hancock ranks better than 90% of all US cities! There are nine total categories that create the livability score. Hancock scores well for crime (A+), education (B) and housing (B-) Hancock does not score well for the following: amenities (D) and employment (D-). It might be a smart idea to take a closer look at each category to find out why.
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 44 crimes per 100,000 residents, which signifies that Hancock boasts an impressively low violent crime rate that falls well below the national average.
The Hancock unemployment rate of 1.81% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Hancock market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Hancock is actually affordable. Median real estate prices in Hancock come in at $110,500, which is 13.5% lower than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Hancock, the home price to income ratio is 2.8, which is 12% higher than the Michigan average.
| Statistic | Hancock | Michigan | National |
| Average one way commute | 14min | 24min | 26min |
| Workers who drive to work | 59.9% | 82.5% | 76.4% |
| Workers who carpool | 12.9% | 8.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.4% | 5.1% |
| Workers who bicycle | 0.9% | 0.5% | 0.6% |
| Workers who walk | 8.6% | 2.2% | 2.8% |
| Working from home | 17.2% | 3.7% | 4.6% |
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