Hanover town, Indiana Demographics & Population 2026
As of 2026, Hanover town, Indiana has a total population of 3,584, the 161st largest city in Indiana, with a median household income of $58,194, which is 17% lower than the state average. The poverty rate is 11.2%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
Hanover town Quick Facts
How Hanover town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Hanover town Rankings in Indiana
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Other Cities in Shelby County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Van Buren town | 858 | $49,000 | 20.6% | $65,600 |
Cities Similar to Hanover town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fort Branch town | 3,412 | $62,500 | $181,900 | 25.2% | 15.4% |
| Berne city | 3,906 | $59,413 | $145,600 | 23.9% | 10.7% |
| Country Squire Lakes CDP | 3,211 | $56,806 | $28,600 | 1.8% | 20.1% |
| Sheridan town | 3,355 | $65,104 | $177,200 | 22.3% | 3.6% |
| Corydon town | 3,165 | $57,002 | $162,300 | 20.7% | 7.3% |
Population Overview
Hanover town is a small community located in Indiana, within Shelby County. The total population is 3,584. It ranks as the 161st most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Hanover town is 28.8 years. This is 24% lower than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Hanover town is $58,194. This is 17% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 26% lower. The poverty rate stands at 11.2%. This is 8% lower than the state poverty rate of 12.2%. The unemployment rate is 5.8%. This is 35% higher than the state rate of 4.3%. The median home value is $126,300. Housing costs are 37% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.2x, Hanover town is one of the most affordable housing markets in the area. 67.8% of occupied housing units are owner-occupied. This homeownership rate is 4% lower than the state average of 70.3%.
Race & Ethnicity
Hanover town has a predominantly White (non-Hispanic) population, comprising 95.5% of all residents. Black or African American residents account for 0.9%. The Black or African American population (0.9%) is well below the state average of 9.1%. The Hispanic or Latino population (0.8%) is well below the state average of 8.4%. The Asian population (0.4%) is well below the state average of 2.5%.
Education
16.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.3%.
Data Sources & Methodology
All demographic data for Hanover town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Hanover town, Indiana?
Hanover town, Indiana has a population of 3,584 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Hanover town, IN?
The median household income in Hanover town is $58,194, which is 26% lower the national median of $78,538.
What is the poverty rate in Hanover town, IN?
The poverty rate in Hanover town is 11.2%. This means approximately 288 residents live below the federal poverty line.
What is the racial makeup of Hanover town, Indiana?
Hanover town's population is 95.5% White, 0.9% Black, 0.8% Hispanic/Latino, and 0.4% Asian.
What is the median home value in Hanover town, IN?
The median home value in Hanover town is $126,300. The home-value-to-income ratio is 2.2x.
How educated is Hanover town, Indiana?
16.3% of adults (25+) in Hanover town hold a bachelor's degree or higher, and 6.6% hold a graduate or professional degree.