Hancock city, Michigan Demographics & Population 2026

Population Overview

Hancock city is a small community located in Michigan, within Houghton County. The total population is 4,510. It ranks as the 190th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Hancock city is 31.4 years. This is 22% lower than the state median of 40.1 years. Only 12.9% of residents are under 18, indicating fewer families with children. 10.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Hancock city is $55,278. This is 22% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 30% lower. The poverty rate stands at 17.8%. This is 36% higher than the state poverty rate of 13.1%. The unemployment rate is 2.0%. This is 65% lower than the state rate of 5.8%. The median home value is $185,700. Housing costs are 15% lower than the state median of $217,600. The home-value-to-income ratio is 3.4x. 53.5% of occupied housing units are owner-occupied. This homeownership rate is 27% lower than the state average of 72.9%.

Race & Ethnicity

Hancock city has a predominantly White (non-Hispanic) population, comprising 93.4% of all residents. Asian residents account for 1.6%. The Black or African American population (0.9%) is well below the state average of 13.2%. The Hispanic or Latino population (1.2%) is well below the state average of 5.7%. The Asian population (1.6%) is well below the state average of 3.3%.

Education

45.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% higher than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.6%. Notably, 18.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Hancock city, Michigan 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 Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.