Everything You Should Know Before Moving to Hancock, MI
Considering a move to Hancock, MI? With a friendly small-town population of 4,467, Hancock offers a low cost of living, affordable median home prices around $128,000, and average rents near $825. Commute times are short at about 13 minutes, and crime rates are lower than national averages. The city is home to good schools, nearby colleges, and a strong sense of community, all set against the backdrop of Michigan’s scenic Upper Peninsula and snowy winters. Hancock is ideal for those seeking affordability, safety, and a welcoming atmosphere.
Demographics - Hancock, MI
Demographics - Hancock, MI
Hancock, MI, is a close-knit community of about 4,467 residents with a youthful median age of 28.9. The city is predominantly White, with a small but present mix of other ethnicities and around 6.8% of residents speaking a language other than English at home. Its balanced gender ratio and moderate population density make it a welcoming and manageable place to live.
Population:
4,467
Density:
1,030 per sq mi
Median Age:
28.9
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
6.8%
Ethnic Composition
White:
92.0%
Black:
1.1%
Asian:
2.2%
Others:
4.7%
Cost Of Living
What is the average cost of living in Hancock, MI?
Hancock offers a notably affordable cost of living, with a median home value of $128,000 and average rent at $825 per month. The city's cost of living index is 83.5, well below the national average, making daily expenses like groceries, utilities, and healthcare budget-friendly. State income tax remains steady at 4.25%, further enhancing its appeal to cost-conscious residents.
Median House Value:
$128,000
Gross Rent:
$825
Monthly Electricity Charges:
$110
Auto Insurance:
$1,340
House Owner Cost With Mortgage:
$1,020
House Owner Cost Without Mortgage:
$415
State Taxes:
Low:
4.25%
|
High:
4.25%
Cost Of Living Index:
83.5
Grocery:
92.1
Housing:
65.4
Utilities:
97.5
Transportation:
86.2
Health Care:
88.9
Miscellaneous:
87.0
Crime
Is Hancock, MI a safe place to live?
Hancock boasts a low crime rate, with violent crimes occurring at a rate of 125 per 100,000 people and property crimes at 940 per 100,000. Residents face a relatively low risk, with a 1 in 800 chance of being affected by violent crime. This safe environment is appealing to families and individuals seeking peace of mind.
Violent Crimes Per 100k:
125
Property Crimes Per 100k:
940
Crime Index:
1,065
Chance Of Violent Crime:
1 in 800
Chance Of Property Crime:
1 in 106
Weather
What is the weather like in Hancock, MI year-round?
Hancock experiences all four seasons, with cold, snowy winters where temperatures dip as low as 7°F and mild summers peaking at 76°F. The area receives about 33 inches of rainfall annually and enjoys sunshine roughly 46% of the year. Residents should be prepared for brisk falls and springs, making it an ideal spot for those who enjoy a true northern climate.
Winter
Min:
7°F
Max:
24°F
Spring
Min:
32°F
Max:
54°F
Summer
Min:
54°F
Max:
76°F
Fall
Min:
37°F
Max:
57°F
Average Rainfall Inches:
32.9 inches
Sunny Days Percentage:
46%
Neighbors
Local households in Hancock have a median income of $44,000 and a per capita income of $22,300, with a poverty rate of 22.3%. The area features a high educational attainment, as over 92% of residents are high school graduates. Commutes are short, averaging just 12.6 minutes, and public transportation usage is minimal, reflecting the city’s small-town convenience.
Median Income:
$29,800
Household Income:
$44,000
Family Income:
$62,100
Per Capita Income:
$22,300
Income Male:
$32,400
Income Female:
$28,500
Poverty Rate:
22.3%
Non English Speakers:
6.8%
Rent:
$825
Unemployment Rate:
4.9%
Public Transport Usage:
1.5%
Commute Time:
12.6 minutes
Education
High School or Higher:
92.9%
Bachelors or More:
34.4%
Education
How are the schools in Hancock, MI?
Hancock provides quality education through its public and private schools, including Hancock Central High School and Copper Country Christian School. Higher education options are easily accessible, with Finlandia University located within the city and Michigan Technological University just two miles away in Houghton. The educational environment supports both youth and adult learners seeking a range of academic opportunities.
Public Schools
Name:
Hancock Central High School
Street:
501 Campus Dr
Phone:
906-487-7210
Students:
330
Student Teacher Ratio:
17.5
Name:
Hancock Middle School
Street:
501 Campus Dr
Phone:
906-487-7250
Students:
240
Student Teacher Ratio:
16.8
Private Schools
Name:
Copper Country Christian School
Street:
20980 Broemer Rd
Phone:
906-482-2230
Students:
60
Colleges
Name:
Finlandia University
City:
Hancock
State:
MI
Distance:
0 miles
Students:
400
Name:
Michigan Technological University
City:
Houghton
State:
MI
Distance:
2 miles
Students:
7,000
Healthcare
Hancock is served by UP Health System - Portage, a full-service hospital with emergency care. The city has a solid physician presence, with 2.1 doctors per 1,000 residents, and over 91% of its population maintains health insurance coverage. Overall, healthcare access is reliable for both everyday needs and emergencies.
Major Hospitals
Name:
UP Health System - Portage
Address:
500 Campus Dr, Hancock, MI 49930
Phone:
(906) 483-1000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.1
Health Insurance Coverage:
91.2%
Health Care Index:
71.5
Housing Market
What is the housing market like in Hancock, MI?
The housing market in Hancock is highly affordable, with a median home price of $128,000 and average rent for a two-bedroom apartment at $825. Homeownership is common, with 58.4% of homes owner-occupied, and the market has seen modest appreciation at 4.3% over the past year. Rental and foreclosure rates remain low, making it a stable environment for both buyers and renters.
Median Home Price:
$128,000
Average Rent For 2 Bedroom:
$825
Owner Occupied Rate:
58.4%
Rental Vacancy Rate:
6.9%
Home Appreciation Rate (1yr):
4.3%
New Construction Rate:
0.7%
Foreclosure Rate:
0.4%
DMV Information
Residents can access DMV services through the Michigan Secretary of State office conveniently located in nearby Houghton. The office offers a full range of vehicle and licensing services, and additional information is available on the Michigan Secretary of State’s website. This makes registering vehicles and obtaining licenses straightforward for Hancock residents.
State:
Michigan
Department:
Michigan Secretary of State
Address:
902 Razorback Dr, Houghton, MI 49931
Phone:
1-888-767-6424
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.