Cost of Living in Hancock, MI
Population 4,510 · Michigan · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Hancock a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $186,000. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.
Hancock lies roughly 185 miles north of the nearest major metro, Green Bay — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Green Bay's $192,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hancock
The median home value in Hancock is $185,700 — 39% below the national median of $305,000. Median rent runs $740/month, 44% lower than the national median of $1,314/month. The median household income of $55,278/year is 26% lower than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 49.1°F and lows of 32.3°F. Overall, Hancock has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.
Hancock has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 22 | 25 | 34 | 46 | 61 | 71 | 75 | 74 | 66 | 52 | 38 | 28 |
| Low °F | 10 | 9 | 17 | 29 | 40 | 49 | 55 | 54 | 47 | 37 | 26 | 16 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Hancock, MI?
Hancock has a cost index of 59 (100 = national average). It is 41% below the national average.
What is average rent in Hancock, MI?
The median gross rent in Hancock is $740 per month based on 2023 Census data.
What is the average home price in Hancock?
The median home value in Hancock is $185,700 according to Zillow and Census data.
What is the median income in Hancock?
The median household income in Hancock is $55,278 per year (2023 ACS 5-year estimates).
What is the sales tax in Hancock, MI?
The combined state and local sales tax rate in Hancock is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Hancock, MI affordable?
Yes, Hancock is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.
What is the weather like in Hancock?
Hancock has average high temperatures of 49.1°F and average lows of 32.3°F. Data from NOAA 1991–2020 Climate Normals.
Hancock at a Glance
- Population
- 4,510
- Median Income
- $55,278
- Home Value
- $185,700
- Median Rent
- $740/mo
- Unemployment
- 2.0%
- Avg High Temp
- 49.1°F
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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