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Hanover city, Minnesota

City

Population: 3,495 (2023 estimate)

Located in Minnesota , Minnesota

Census Bureau data for Hanover city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Hanover city

What is the median household income in Hanover city?
The median household income in Hanover city is $147,944 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Hanover city?
The poverty rate in Hanover city is 1.9% (U.S. Census Bureau ACS 2023).
What is the median home value in Hanover city?
$421,700 (U.S. Census Bureau ACS 2023).
What is the average rent in Hanover city?
The median gross rent in Hanover city is $1,806 per month (U.S. Census Bureau ACS 2023).
What percentage of Hanover city residents have a college degree?
47.8% of adults in Hanover city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
3,495
Median Income
$147,944
Median Home Value
$421,700
Poverty Rate
1.9%
Unemployment (ACS 2023)
1.2%
Median Age
37.0 yrs
Since 2019 Median Income: +$43,256 (+41.3%) Home Value: +$123,900 (+41.6%) Poverty Rate: -4.8 pp (-71.6%) Bachelor's+: +6.5 pp (+15.7%) Unemployment: +0.1 pp (+9.1%)

Demographics

Total Population 3,495
Median Age 37.0
Female 50.8%
Race & Ethnicity
Hispanic or Latino 0.7% White (non-Hisp.) 90.8% Asian 2.6% Two or More 4.5% Other 0.8%
Asian Subgroups (% of total pop.)
Indian
0.5%
Korean
0.5%
Chinese
0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $147,944 ±$15,625
+$60,388 vs. state
Per Capita Income $150,703
Median Family Income $157,159
Poverty Rate 1.9%
-3.6 pp vs. state
Child Poverty Rate 2.0%
Working-Age Poverty Rate
SNAP Recipients 0.7%
Social Security Income
Retirement Income 17.7%
Household Income Distribution
< $10k
0.4%
$10–15k
1.0%
$15–25k
2.3%
$25–35k
2.4%
$35–50k
2.3%
$50–75k
11.4%
$75–100k
9.8%
$100–150k
22.5%
$150–200k
23.6%
$200k+
24.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 1,197
Owner-Occupied 91.9%
Renter-Occupied 8.1%
Vacancy Rate 2.3%
Median Home Value $421,700
+$116,200 vs. state
Median Gross Rent $1,806
Owner Cost Burden (30%+) 12.1%
Renter Cost Burden (30%+) 28.7%
Home Value Distribution
< $50k
0.4%
$50–100k
1.5%
$100–200k
0.5%
$200–300k
7.7%
$300–500k
59.7%
$500k–$1M
28.1%
Gross Rent Distribution
$500–1k
10.3%
$1–1.5k
20.7%
$1.5–2k
31.0%
$2.5–3.5k
37.9%
Vehicle Availability
No vehicle
2.1%
1 vehicle
15.4%
2 vehicles
51.9%
3+
30.5%
Housing Type
Single-fam. det.
95.5%
Single-fam. att.
2.1%
5–19 units
0.8%
20+ units
1.7%
Housing Age
Pre-1940
2.1%
1940–1969
0.7%
1970–1999
4.8%
2000–2009
38.3%
2010+
21.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 99.5%
Bachelor's or Higher 47.8%
+9.0 pp vs. state
Graduate Degree 12.5%
Some College / Associate 18.7%
Less Than High School 0.0%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 76.9%
Unemployment Rate 1.2%
-2.7 pp vs. state
Work from Home 22.5%
Self-Employed 5.5%
Government Workers 7.7%
Private For-Profit 86.8%
Industry
Edu/Health
22.9%
Manufacturing
15.6%
Finance
10.3%
Retail
8.9%
Prof. Services
8.6%
Construction
8.2%
Wholesale
7.4%
Arts/Entmt.
5.9%
Public Admin
2.4%
Transportation
2.2%
Information
1.6%
Agriculture
1.0%
Occupation
Management
57.5%
Sales
18.2%
Food Prep
10.9%
Construction
6.9%
Production
6.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 30.7 min
Drove Alone 73.5%
Carpool 1.8%
Public Transit 0.5%
Work from Home 22.5%
Walked 0.8%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 1,169
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 68.5%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 42.3%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
7.8%
5–9
9.6%
10–14
8.3%
15–19
9.2%
20–24
3.0%
25–34
7.0%
35–44
18.2%
45–54
16.1%
55–64
5.0%
65–74
7.0%
75–84
5.8%
85+
2.7%
Under 18: 32.2% Working age (18–64): 67.8% 65 and over: 8.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 1.9%
Naturalized Citizen 94.1%
Speaks English Less Than Very Well 0.0%
Foreign-Born Origin
Asia
72.1%
Latin America
5.9%
Europe
5.9%

Veterans & Disability

Veteran 3.7%
With a Disability 3.8%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 99.5%
Uninsured 0.5%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 95.8%
Has a Computer 97.0%
Same House 1 Year Ago 96.4%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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