Hanover, MI Employment - Median Household Income, Unemployment Rate

Hanover employment information

Index	Hanover	Michigan	National
Income per capita	$17,038	$27,549	$29,829
Median household income	$49,583	$50,803	$55,322
Median income owner occupied	$57,625	$62,251	$70,586
Median income renter occupied	$31,607	$28,598	$35,192
Median earnings male	$35,909	$35,730	$36,919
Median earnings female	$16,375	$22,948	$26,250
Unemployment rate	5.5%	5.2%	4.7%
Poverty level	27.3%	16.3%	15.1%

The Hanover, MI employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Hanover is $17,038, which is 38% lower than than the Michigan average and 43% lower than than the national average. The median household income is $49,583, which is 2% lower than than the Michigan average and 10% lower than than the national average. The unemployment rate in Hanover is 6%, which is 18% higher than than the national average. The poverty rate in Hanover is 27% which is 80% higher than than the national average.

am i middle class

$33,052$49,583$99,166

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.

Did you know?

The income per capita in Hanover is 43% lower than the national average.
The median household income in Hanover is 10% lower than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in Hanover is 18% higher than the national average.
The poverty level in Hanover is 80% higher than the national average.

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Compare Hanover, MI Employment To Other Cities

Employment status

Hours worked per week

Hanover median earnings by income bracket

Hanover employment by industry

Labour Type	Male	Female
Construction industry	21.1%	0.0%
Manufacturing sector	23.2%	2.5%
Financial & insurance services	0.0%	3.8%
Wholesale & retail services	8.4%	15.0%
Public administration	1.1%	5.0%
Transportation, warehousing & utilities	4.2%	3.8%
Education, health & social services	16.8%	25.0%
Other	24.2%	27.5%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Parma, MI	753	$56,111	1%
Spring Arbor, MI	2,952	$53,442	3%
Allen, MI	274	$51,429	7%
Michigan Center, MI	4,819	$50,673	8%
Vandercook Lake, MI	4,723	$48,564	12%
Hanover, MI	440	$49,583	10%

Cities with similar population

City, State	Population	Household Income	National Avg.
Lafe, AR	440	$33,250	40%
Waco, GA	440	$37,500	32%
Kennard, IN	440	$45,417	18%
Chunky, MS	440	$37,500	32%
Mesquite Creek, AZ	440	$41,944	24%
Hanover, MI	440	$49,583	10%

Source: The Hanover, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).