Hanover, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Hanover, Indiana had a total population of 3,554, the 161st largest town in Indiana, with a median household income of $53,929, which is 25% lower than the state average. The poverty rate is 13.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 9.0% is notably above the national average.
Hanover Quick Facts
How Hanover Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 3,584 | 3,554 | -0.8% |
| Median household income | $58,194 | $53,929 | -7.3% |
| Median home value | $126,300 | $138,700 | +9.8% |
How Hanover Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Hanover Rankings in Indiana
Explore Indiana Rankings
Other Cities in Jefferson County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Madison | 12,223 | $61,183 | 14.9% | $203,100 |
| Dupont | 279 | $64,338 | 9.0% | $116,700 |
| Canaan | 120 | N/A | 0.0% | N/A |
| Brooksburg | 111 | $39,167 | 14.3% | $179,200 |
| Deputy | 37 | N/A | 18.9% | N/A |
Cities Similar to Hanover
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Knox | 3,479 | $48,931 | $140,300 | 11.5% | 28.6% |
| Aurora | 3,648 | $47,470 | $131,400 | 12.3% | 18.5% |
| Corydon | 3,157 | $56,513 | $144,600 | 14.8% | 8.8% |
| Mitchell | 3,937 | $48,930 | $114,500 | 14.4% | 20.7% |
| Covington | 3,069 | $52,466 | $164,400 | 18.2% | 15.0% |
Population Overview
Hanover is a small community located in Indiana, within Jefferson County. The total population is 3,554. It ranks as the 161st most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Hanover is 28.1 years. This is 26% lower than the state median of 38.1 years. Only 15.0% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Hanover is $53,929. This is 25% lower than the state median of $71,957. It is also 33% lower than the national median of $80,734. The poverty rate stands at 13.1%. This is 6% higher than the state poverty rate of 12.3%. The unemployment rate is 9.0%. This is 110% higher than the state rate of 4.3%. The median home value is $138,700. Housing costs are 36% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.6x, Hanover is one of the most affordable housing markets in the area. 63.9% of occupied housing units are owner-occupied. This homeownership rate is 9% lower than the state average of 70.5%.
Race & Ethnicity
Hanover has a predominantly White (non-Hispanic) population, comprising 93.2% of all residents. Asian residents account for 1.5%. The Black or African American population (0.7%) is well below the state average of 9.1%. The Hispanic or Latino population (1.0%) is well below the state average of 8.6%.
Education
17.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 42% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.2%.
Data Sources & Methodology
All demographic data for Hanover, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Hanover, Indiana?
Hanover, Indiana has a population of 3,554 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Hanover, IN?
The median household income in Hanover is $53,929, which is 33% lower than the national median of $80,734.
What is the poverty rate in Hanover, IN?
The poverty rate in Hanover is 13.1%. This means approximately 330 residents live below the federal poverty line.
What is the racial makeup of Hanover, Indiana?
Hanover's population is 93.2% White, 0.7% Black, 1.0% Hispanic/Latino, and 1.5% Asian.
What is the median home value in Hanover, IN?
The median home value in Hanover is $138,700. The home-value-to-income ratio is 2.6x.
How educated is Hanover, Indiana?
17.0% of adults (25+) in Hanover hold a bachelor's degree or higher, and 6.6% hold a graduate or professional degree.