Hancock, MN Employment - Median Household Income, Unemployment Rate

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C+

15%

Income/capita NAT. AVG.

23%

Household income NAT. AVG.

3%

Unemployment NAT. AVG.

Index	Hancock	Minnesota	National
Income per capita	$25,418	$33,225	$29,829
Median household income	$67,969	$63,217	$55,322
Median income owner occupied	$69,917	$77,618	$70,586
Median income renter occupied	$36,875	$34,348	$35,192
Median earnings male	$40,250	$40,933	$36,919
Median earnings female	$18,750	$29,114	$26,250
Unemployment rate	4.8%	3.4%	4.7%
Poverty level	9.0%	10.8%	15.1%

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Key findings

The income per capita in Hancock is 15% lower than the national average
The median household income in Hancock is 23% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Hancock is 3% higher than the national average
The poverty level in Hancock is 40% lower than the national average

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am i middle class

$45,308 $67,969 $135,938

City

$42,140 $63,217 $126,434

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	22.2%	22.2%
Manufacturing sector	24.2%	24.2%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	6.6%	6.6%
Public administration	1.0%	1.0%
Transportation, warehousing & utilities	12.6%	12.6%
Education, health & social services	7.6%	7.6%
Other	24.7%	24.7%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Danvers, MN	168	$100,000	80.8%
Donnelly, MN	250	$71,250	28.8%
Lowry, MN	345	$70,341	27.1%
Clontarf, MN	91	$68,125	23.1%
Alberta, MN	150	$59,688	7.9%
Hancock, MN	746	$67,969	22.9%

Cities with similar population

City	Population	Household Income	National Avg.
Watkins, CO	746	$126,563	128.8%
Walnut, IA	746	$47,443	14.2%
Corydon, KY	746	$55,341	0.0%
Holcomb, MO	746	$44,583	19.4%
Wood Heights, MO	746	$82,679	49.5%
Hancock, MN	746	$67,969	22.9%

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