Cost of Living in Hanover, MA
Population 14,800 · Massachusetts · Data vintage 2023
(100 = US avg)
Hanover's housing market reflects its status as a high-earning metro: $706,000 for a typical home, 132% above the US median, paired with household incomes around $174,821 that put it in the upper third of the state. At 6.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 9 miles east of Brockton, Hanover falls within that metro's commuting orbit. Median home values run roughly 74% higher than Brockton's $406,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hanover
The median home value in Hanover is $706,200 — 132% above the national median of $305,000. Median rent runs $1,642/month, 25% higher than the national median of $1,314/month. The median household income of $174,821/year is 134% higher than the US median of $74,580. The local unemployment rate is 6.8%, above the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 58.4°F and lows of 41.0°F, with about 69.3" of annual snowfall. Overall, Hanover has a cost of living index of 189 versus the US average of 100, meaning it is 89% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 35 | 37 | 45 | 57 | 67 | 76 | 82 | 80 | 72 | 61 | 50 | 40 |
| Low °F | 19 | 21 | 28 | 37 | 47 | 56 | 63 | 62 | 55 | 44 | 34 | 26 |
| Precip" | 4.46 | 3.97 | 5.43 | 4.61 | 3.80 | 4.57 | 3.42 | 3.85 | 4.22 | 5.29 | 4.32 | 5.33 |
| Snow" | 18.2 | 21.2 | 12.8 | 1.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 | 1.7 | 12.8 |
Frequently Asked Questions
What is the cost of living in Hanover, MA?
Hanover has a cost index of 189 (100 = national average). It is 89% above the national average.
What is average rent in Hanover, MA?
The median gross rent in Hanover is $1,642 per month based on 2023 Census data.
What is the average home price in Hanover?
The median home value in Hanover is $706,200 according to 2023 Census ACS data.
What is the median income in Hanover?
The median household income in Hanover is $174,821 per year (2023 ACS 5-year estimates).
What is the sales tax in Hanover, MA?
The combined state and local sales tax rate in Hanover is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Hanover, MA affordable?
Hanover is above average in cost of living, with an index of 189 — about 89% higher than the national average.
What is the weather like in Hanover?
Hanover has average high temperatures of 58.4°F and average lows of 41.0°F. Annual precipitation is 53.3". Average annual snowfall is 69.3". Data from NOAA 1991–2020 Climate Normals.
Hanover at a Glance
- Population
- 14,800
- Median Income
- $174,821
- Home Value
- $706,200
- Median Rent
- $1,642/mo
- Unemployment
- 6.8%
- Avg High Temp
- 58.4°F
- Sales Tax
- 6.3%
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Massachusetts Rankings
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