C+

Hanover, IN

Source:

Affordability Score: 63/100

Population: 5,951 · 1 ZIP codes

The affordability dashboard for Hanover, IN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 5,951 residents, then layers in county-level federal data to produce an overall grade of C+ (63/100). The headline inputs are median household income of $65,197, median home value of $183,900, median rent of $908 per month, and 19.7% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $971 per month (studio $669, 1BR $818, 3BR $1,201, 4BR $1,524).

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Hanover, IN include rent. Pressure points are education. Unemployment currently reads 6.6% and poverty 10.1% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$65,197
Median household income
Education F
19.7%
Bachelor's degree or higher
Housing B
2.8x
Home value $183,900 vs income
Commute B-
21 min
Average commute time
Rent A-
$971/mo
2BR fair market rent (18% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare N/A
N/A
Center-based infant care cost

Income & Employment

Median Income
$65,197
▲ 5% vs national
Per Capita Income
$28,438
Unemployment Rate
6.6%
Poverty Rate
10.1%

Housing

Median Home Value
$183,900
▼ 33% vs national
Median Rent
$908/mo
Owner Occupied
73.6%
2BR Fair Market Rent
$971/mo
▼ 19% vs national

Fair Market Rents by Bedroom

Studio
$669
1BR
$818
2BR
$971
3BR
$1,201
4BR
$1,524

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
19.7%
▼ 10 ppt vs national
High School+
53.2%
Median Age
33.0
Avg. Commute
21 min
▼ 5 min vs national

Childcare Costs

Infant (Center)
Toddler (Center)
Preschool (Center)
School-Age (Center)

What This Means

Hanover, IN receives an overall affordability grade of C+ (63/100), aggregated from 1 ZIP codes with a total population of 5,951. This area performs well in rent. Challenges include education. Data was unavailable for safety, childcare — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Hanover ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Hanover, IN affordable?
Hanover, IN receives an overall affordability grade of C+ (63/100) based on Census, HUD, FBI, and DOL data. Median household income is $65,197. Median home value is $183,900.
What is the cost of living in Hanover?
Key cost metrics: Median rent $908/mo. 2BR fair market rent $971/mo. Median home value $183,900.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →