Hancock, MI Employment

D
7%
Income/capita NAT. AVG.
28%
Household income NAT. AVG.
61%
Unemployment NAT. AVG.
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IndexHancockMichiganNational
Income per capita$27,649$27,549$29,829
Median household income$39,886$50,803$55,322
Median income owner occupied$73,804$62,251$70,586
Median income renter occupied$23,807$28,598$35,192
Median earnings male$16,750$35,730$36,919
Median earnings female$21,577$22,948$26,250
Unemployment rate1.8%5.2%4.7%
Poverty level22.5%16.3%15.1%
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Key findings

  • The income per capita in Hancock is 7% lower than the national average
  • The median household income in Hancock is 28% lower than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Hancock is 61% lower than the national average
  • The poverty level in Hancock is 49% higher than the national average

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      am i middle class

      $
      Input your household income
      $26,588 $39,886 $79,772
      City
      $33,865 $50,803 $101,606
      State
      $36,877 $55,322 $110,644
      Nation
      According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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      Hancock median earnings by income bracket

      Hancock employment by industry

      Labour TypeMaleFemale
      Construction industry6.2%6.2%
      Manufacturing sector5.6%5.6%
      Financial & insurance services1.8%1.8%
      Wholesale & retail services13.1%13.1%
      Public administration4.5%4.5%
      Transportation, warehousing & utilities3.4%3.4%
      Education, health & social services26.4%26.4%
      Other38.8%38.8%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Dollar Bay, MI971$56,8332.7%
      Ahmeek, MI85$50,3918.9%
      Hubbell, MI837$43,67221.1%
      Laurium, MI1,922$38,83329.8%
      Copper City, MI234$38,75030.0%
      Hancock, MI4,526$39,88627.9%

      Cities with similar population

      City Population Household Income National Avg.
      New Burlington, OH4,526$54,8860.8%
      Staunton, IL4,528$52,7254.7%
      Coopertown, TN4,528$78,75042.3%
      Aurora, NE4,523$65,53818.5%
      Spring Lake Heights, NJ4,530$90,51163.6%
      Hancock, MI4,526$39,88627.9%
      Source: The Hancock, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).
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