Median Income
$67,019
household / year
Median Home Value
$85,900
owner-occupied
Median Rent
$714
gross / month
Cost of Living
90
national avg = 100

Is Hancock, MN a Good Place to Live?

Hancock is a small town of 725 in Minnesota, with a median household income of $67,019 and a 2.5% unemployment rate. Its cost of living index is 90 (US average = 100), which is 10% below the national average.

Strengths: Hancock stands out for an affordable cost of living, below-average home prices, solid school ratings (B-), short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Hancock is right for you depends on your priorities — the full breakdown is below.

All Hancock city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 90.0

Hancock's overall cost of living index is 90.0, where 100 represents the US national average. Living in Hancock costs roughly 10% less than the average American city.

Metric Hancock, MN National Avg
Median Home Value $85,900 $244,900
Median Monthly Rent $714 $1,163
Homeownership Rate 83.1% 65.9%
Median Household Income $67,019 $74,755

Crime & Safety

Very Safe

Hancock's violent crime rate is 61.2 per 100,000 residents — 84% lower than the national average of ~380 per 100,000.

Violent Crime
61.2 /100k
Property Crime
428.4 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Hancock is served primarily by HANCOCK PUBLIC SCHOOL DISTRICT. The student-to-teacher ratio is 12.6:1 (better than the national average of ~16:1).

Metric Hancock, MN National Avg
School District HANCOCK PUBLIC SCHOOL DISTRICT —
Elementary Schools 1 —
Middle Schools N/A —
High Schools 1 —
Student/Teacher Ratio 12.6:1 16:1
Bachelor's Degree or Higher 14.5% 35.4%
High School Diploma or Higher 93.9% 91.1%

Weather & Climate

Hancock sees average highs of 19.2°F in January and 80.7°F in July, with 26.9 inches of annual precipitation and 44.6 inches of snow per year.

MetricHancock, MN
Average High — January19.2°F
Average High — July80.7°F
Annual Precipitation26.9"
Annual Snowfall44.6"

Demographics

MetricHancock, MNNational Avg
Population725—
Median Age35.938.9
Unemployment Rate2.5%3.7%
Avg Commute Time20.3 min26 min
White (non-Hispanic)89.5%59.3%
Black or African American1.2%13.6%
Hispanic or Latino5.4%18.9%
Asian1.1%6.3%
Under 1825.0%22.2%
65 and over16.1%16.8%

Nearby Cities

ZIP Codes in Hancock

Hancock, MN is covered by 1 ZIP code:

Hancock vs Other Cities

Frequently Asked Questions

Hancock's cost of living index is 90, where 100 is the national average. That makes Hancock roughly 10% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $85,900 and median rent is $714/month.
Hancock's violent crime rate is 61.2 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 428.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Hancock are operated by HANCOCK PUBLIC SCHOOL DISTRICT. The district has 1 elementary, several middle, and 1 high schools. The student-to-teacher ratio is 12.6:1. 14.5% of adults 25+ hold a bachelor's degree or higher.
Hancock, MN has a population of 725, a median household income of $67,019, and an unemployment rate of 2.5%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Hancock averages 19.2°F in January and 80.7°F in July. Annual rainfall is 26.9 inches with about 44.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Hancock, MN is covered by 1 ZIP code: 56244.
The population of Hancock, Minnesota is 725 with a median age of 35.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Hancock: cost of living index 90 (100 = US average), median home $85,900, median household income $67,019, crime index 18 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Hancock side by side with your current city to see the trade-offs.