The small town of Hancock, Michigan is home to just under 5,000 people. Young adults (15-24) account for a greater percentage of the population here (23%) than nationally (14%), meaning they will find plenty of activities, though retirees are also well-represented. Residents are evenly split between owning (50%) and renting (50%) their home, driven in part by a relatively affordable average rent that is $141/month lower than the state average. Over the course of a year, renters in Hancock will save around $1,700 compared to the state average.
Hancock's average commute time ranks as one of the best in Michigan at about 13 minutes, 9th-fastest in the state. Driving is the most common way to get to work, opted for by 36% of commuters, while public transit is not extensively used. Walking (3%) isn't a common way to get to work, though the number is greater than the national average.
There are plenty of industries from which to choose in Hancock. The four most common are retail, entertainment, education, and healthcare. Combined, these industries account for 25% of the labor force in the town. Meanwhile, in terms of job function, many of the town's residents work in sales, making it the top career path in the town. With an average annual income of about $50K, Hancock workers bring in around $12,000 less than the average Michigan resident. Hancock's average income also trails the national average ($73,345). Hancock has a relatively high concentration of residents over the age of 25 with a high school degree or GED (23%) compared to the national average. Additionally, 11% have a Bachelor's degree and 7% have earned a Master's or Doctoral degree.
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