Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Hanover, Indiana is a small city with a population of 3,418 people. At 95%, the majority of the Hanover population is White; this is followed by 2% Black and 1% American Indian and Alaskan. If you are a young adult or student, you might be pleased to know that the average age of all Hanover residents is 27. Hanover is very likely to be a great place to live for singles as only 35%, of the population (over fifteen) are classified as married. If you prefer shorter commutes, living in Hanover will be a delight. With an average one-way commute time of just 19 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a fulfilling experience if you are willing to get to know the town before actually living in Hanover, Indiana. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Hanover and in surrounding cities are easier to find when you are able to make informed decisions. Using data from commute, health & safety, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Indiana and national averages.
The livability score in Hanover is 68 out of 100 and the city is ranked in the 72nd percentile of all cities across America. If we probe a little deeper into each category within the livability score, we see that Hanover has higher than average scores for the following: crime (B+), cost of living (A+) and housing (A+). Regrettably for Hanover, there are some categories for which it does not rank well, this includes: amenities (F) and education (D).
The unemployment rate in Hanover has consistently declined over the years and currently stands well below the national average at 2.11%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Hanover excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Hanover is actually affordable. The median home price for Hanover homes is $97,800, which is 22.7% lower than the Indiana average. If we take a closer look at the affordability of homes in Hanover, we’ll see that the home price to income ratio is 2, which is 20% lower than the Indiana average.
| Statistic | Hanover | Indiana | National |
| Average one way commute | 19min | 23min | 26min |
| Workers who drive to work | 68.0% | 83.0% | 76.4% |
| Workers who carpool | 8.6% | 8.9% | 9.3% |
| Workers who take public transit | 1.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.3% | 0.5% | 0.6% |
| Workers who walk | 16.6% | 2.1% | 2.8% |
| Working from home | 2.7% | 3.5% | 4.6% |
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