City profile · Minnesota · Census ACS 2023

Hanover, MN

Population, income, housing, safety, climate and schools for Hanover - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

3,495
Residents
$147,944
Median income
$421,700
Median home
$1,709
Median rent (state)

Hanover - the verdict

Hanover ranks in the 94th percentile for household income nationally, out of every US city with at least 1,000 residents. Source: Census ACS.

94th
percentile, household income
79th
percentile, home value
68th
percentile, median rent
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Hanover, MN

3,495 people live in Hanover, Minnesota - a small town by U.S. Census Bureau ACS 2023 estimates. Hanover households earn a median of $147,944 annually, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 1.9%. Hanover's housing stock carries a median value of $421,700, and the median resident age is 37.6 years. About 47.8% of adults hold a bachelor's degree or higher, while 76.0% of working-age residents are in the labor force.

In 2024, 58 residential building permits were authorized in Hanover (Building Boom), up 263% from five years earlier, per Census BPS data.

Minnesota tracks close to the national cost-of-living baseline: the state registers 98.6 on a 100-equals-national-average index (Near Average) per BEA Regional Price Parities 2024. Statewide, HUD pegs Fair Market Rent for a two-bedroom unit at $1,709 monthly. EIA 2023 residential energy data puts Minnesota's average monthly utility costs around $225 (state average). FEMA's National Risk Index rates natural-hazard exposure at 98.3 out of 100 (Very High).

Population

3,495 residents

Census ACS 2023 - Minnesota

Median Household Income

$147,944 /yr

Poverty 1.9%

Cost of Living Index (state)

98.6 (US=100)

Near Average - BEA RPP 2024, Minnesota average

How does Hanover compare to other US cities?

Hanover measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.

Household income 94% higher than other cities
Home value 79% pricier than other cities
Median rent 68% pricier than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

How we calculate these percentiles & ranks

Each percentile compares Hanover against every qualifying US city; each in-state rank narrows that to Minnesota only. Full formula and direction notes: methodology.

Minnesota-relative analysis

Median Home Value is Hanover's strongest outlier among Minnesota cities

Among the 774 Minnesota cities PlainCities tracks with reported median home value data, Hanover ranks #56 - the 93rd percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Hanover only against its own state's cities, not the full US field.

Median Household Income
#21 of 775
97th percentile in Minnesota
Median Gross Rent
#1 of 785
77th percentile in Minnesota
Median Home Value
#56 of 774
93rd percentile in Minnesota
Poverty Rate
#617 of 785
20th percentile in Minnesota
Bachelor's Degree or Higher
#69 of 784
91st percentile in Minnesota

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Minnesota only, not a livability score. See the methodology for the source and calculation.

94thIncome percentile

94th percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.

How Hanover's home value compares nationally

Median home value vs. every US city (population 1,000+)

$421,700 21st percentile more affordable than 21% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). Below this entry. $300,000–$325,000: 521 US cities (3%). Below this entry. $325,000–$350,000: 526 US cities (3%). Below this entry. $350,000–$375,000: 465 US cities (3%). Below this entry. $375,000–$400,000: 393 US cities (3%). Below this entry. $400,000–$425,000: 317 US cities (2%). This entry sits in this band. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Hanover $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Hanover, MN Hanover, MN's reported median household income shown against the U.S. national quintile-share pattern (not Hanover, MN-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Hanover, MN median $147,944/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Hanover, MN's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Hanover, MN. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 47.8%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 1.9%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 76.0%

Census ACS S2301, share of working-age residents in the labor force

Population
3,495
Median Income
$147,944
Median Home Value
$421,700
Median Age
37.6
Poverty Rate
1.9%
Labor force participation
76.0%
Bachelor's Degree+
47.8%

Schools

Total Schools
1
Public schools in this city

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
3,000 residents3,500 residents4,000 residents4,500 residents 202020212022202320242025 3,554 residents 4,392 residents ▲ +23.6%
Hanover's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

📈 Building Boom
Total Permits (2024)
58
housing units authorized
Single-Family
58
detached homes
Multifamily
0
apartments & condos
Supply Intensity
16.6
permits per 1,000 residents

5-Year Permit Trend (2019–2024)

Year Total
2019 16
2020 21
2021 70
2022 78
2023 82
2024 58

Permit volume increased 263% from 2019 to 2024.

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
73.5%
Carpool
1.8%
Public Transit
0.5%
Walk
0.8%
Work from Home
22.5%
Other
0.9%

Based on 1,913 workers 16 and over.

Monthly Utility Costs

State-average estimates for Minnesota - EIA 2023 residential energy data

Electricity
$95
avg/month
Natural Gas
$85
avg/month
Water & Sewer
$45
avg/month
Total Utilities
$225
estimated/month

Estimates reflect Minnesota state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Minnesota state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Hanover sits in

Cost of Living Index
98.6
Near Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,709/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
98.3 / 100
Very High
FEMA NRI composite score (county)

Similar Cities in Minnesota

Plainview
3,501 people
Eveleth
3,470 people
Benson
3,449 people
Sleepy Eye
3,438 people
St. Augusta
3,576 people
Perham
3,577 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Hanover's 3,495 residents (Census ACS 5-Year 2023).

Myrtle Creek, OR
3,495 people
Merton, WI
3,495 people
Waterford, CT
3,496 people
Gibbstown, NJ
3,494 people
Muttontown, NY
3,496 people
Wayne Heights, PA
3,496 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Hanover's $147,944 (Census ACS 5-Year 2023, table B19013).

Fair Lawn, NJ
$147,952 median income
Cave Springs, AR
$147,917 median income
Artois, CA
$147,902 median income
Hicksville, NY
$148,008 median income
Isle of Palms, SC
$148,029 median income
Rowena, SD
$148,036 median income

Race & Ethnicity Composition

Race and ethnicity - Hanover, MN Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Hanover, MN - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 90.8% ETHNICITY, Hispanic or Latino (any race) 0.7% White 90.8% Black or African American 0.0% Asian 2.6% American Indian 1.3% Native Hawaiian 0.0% Some other race 0.8% Two or more races 4.5% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Hanover compares to nearby Minnesota cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Hanover (this city) 3,495 $147,944
Plainview 3,501 $69,800
Eveleth 3,470 $47,721
Benson 3,449 $51,124
Census ACS 5-year FIPS MN NCES CCD Census BPS 2024 OMB Bulletin 23-01

What do people ask about Hanover, MN?

What is the population of Hanover, MN? +

3,495 people live in Hanover, MN according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Hanover, MN? +

Median annual household income in Hanover runs $147,944, based on Census ACS 2023 data.

What is the cost of living in Hanover? +

BEA does not publish a city-level cost-of-living figure for Hanover; the closest available measure is the Minnesota state average, a cost of living index of 98.6 (U.S. average = 100), rated "Near Average" based on BEA Regional Price Parities 2024 data. Costs within Minnesota vary by metro area.

What is the median home value in Hanover, MN? +

Hanover's median home value sits at $421,700, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.