Median Income
$145,156
household / year
Median Home Value
$396,600
owner-occupied
Median Rent
$1,583
gross / month
Cost of Living
104
national avg = 100

Is Hanover, MN a Good Place to Live?

Hanover is a small town of 3,454 in Minnesota, with a median household income of $145,156 and a 0.8% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Hanover stands out for solid school ratings (A-), a well-educated population.

Trade-offs: Potential downsides include longer commutes. Whether Hanover is right for you depends on your priorities — the full breakdown is below.

All Hanover 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: 104.5

Hanover's overall cost of living index is 104.5, where 100 represents the US national average. Living in Hanover costs roughly 4% more than the average American city.

Metric Hanover, MN National Avg
Median Home Value $396,600 $244,900
Median Monthly Rent $1,583 $1,163
Homeownership Rate 90.0% 65.9%
Median Household Income $145,156 $74,755

Crime & Safety

Very Safe

Hanover's violent crime rate is 64.3 per 100,000 residents — 83% lower than the national average of ~380 per 100,000.

Violent Crime
64.3 /100k
Property Crime
450.2 /100k

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

Schools & Education

Hanover is served primarily by Buffalo-Hanover-Montrose Schools. The student-to-teacher ratio is 17.7:1 (slightly above the national average of ~16:1).

Metric Hanover, MN National Avg
School District Buffalo-Hanover-Montrose Schools —
Elementary Schools 6 —
Middle Schools 1 —
High Schools 3 —
Student/Teacher Ratio 17.7:1 16:1
Bachelor's Degree or Higher 48.4% 35.4%
High School Diploma or Higher 98.6% 91.1%

Weather & Climate

Hanover sees average highs of 21.3°F in January and 80.9°F in July, with 32.6 inches of annual precipitation and 45.1 inches of snow per year.

MetricHanover, MN
Average High — January21.3°F
Average High — July80.9°F
Annual Precipitation32.6"
Annual Snowfall45.1"

Demographics

MetricHanover, MNNational Avg
Population3,454—
Median Age36.438.9
Unemployment Rate0.8%3.7%
Avg Commute Time31.7 min26 min
White (non-Hispanic)93.9%59.3%
Black or African American0.0%13.6%
Hispanic or Latino1.7%18.9%
Asian1.2%6.3%
Under 1832.0%22.2%
65 and over7.3%16.8%

Nearby Cities

St. Michael, MN 3 mi Greenfield, MN 5 mi Rogers, MN 5 mi Albertville, MN 5 mi Corcoran, MN 5 mi

ZIP Codes in Hanover

Hanover, MN is covered by 1 ZIP code:

55341

Hanover vs Other Cities

Hanover, MN vs St. Michael, MN Hanover, MN vs Greenfield, MN Hanover, MN vs Rogers, MN Hanover, MN vs Albertville, MN Hanover, MN vs Corcoran, MN

Frequently Asked Questions

Hanover's cost of living index is 104, where 100 is the national average. That puts Hanover roughly 4% above the national average in cost. The median home price is $396,600 and median rent is $1,583/month.
Hanover's violent crime rate is 64.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 450.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Hanover are operated by Buffalo-Hanover-Montrose Schools. The district has 6 elementary, 1 middle, and 3 high schools. The student-to-teacher ratio is 17.7:1. 48.4% of adults 25+ hold a bachelor's degree or higher.
Hanover, MN has a population of 3,454, a median household income of $145,156, and an unemployment rate of 0.8%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Hanover averages 21.3°F in January and 80.9°F in July. Annual rainfall is 32.6 inches with about 45.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Hanover, MN is covered by 1 ZIP code: 55341.
The population of Hanover, Minnesota is 3,454 with a median age of 36.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Hanover: cost of living index 104 (100 = US average), median home $396,600, median household income $145,156, crime index 19 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Hanover side by side with your current city to see the trade-offs.