According to statistics, the population in Hancock, MI amounts to 4,574, which shows decline 0% compared to the previous year. The median age of the city’s residents is 40. The average household income is $35,063, shifting decline -2% from the past year, and the average property value in Hancock, MI decline -2% to $107,000 throughout the year.
|Number Of Employees||1,908|
|Median Property Value||$107,000|
The average household income in Hancock, MI declined from $35,698 to $35,063 in the past year. This data is an estimate based upon 1,807 households in Hancock, MI . The chart below presents how household income is distributed in Hancock, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hancock, MI shifted from $109,000 to $107,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hancock, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hancock, MI properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hancock, MI compared to median property taxes around the country. The prevalent amount of property taxes in Hancock, MI equals $2500, which is less than the national average.