Hanover, MN Profile: Facts & Data

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Hanover, Minnesota - Basic Facts

The City of Hanover had a population of 3,344 as of July 1, 2019.

The primary coordinate point for Hanover is located at latitude 45.1558 and longitude -93.6664 in Wright County. The formal boundaries for the City of Hanover encompass a land area of 5.46 sq. miles and a water area of 0.14 sq. miles. Wright County is in the Central time zone (GMT -6). The elevation is 922 feet.

While the primary coordinates for City of Hanover are located in Wright County, it should be noted that the formal boundaries for this community also extend into and Hennepin County.

The City of Hanover (GNIS ID: 2394288) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Hanover: City of Hanover.

Jump to... (On This Page!)
  1. Hanover 2019 Demographic Data
  2. Growth Rates for Hanover (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Hanover, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Hanover, MN Housing Affordability Index is 182
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Hanover, MN Wealth Index is 151
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Minnesota address.

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POPULATION

Total Population 3,344
Population in Households 3,343
Population in Familes 3,071
Population in Group Qrtrs 1
Population Density 613
Diversity Index1 13
 

INCOME

Median Household Income $108,424
Average Household Income $121,602
Per Capita Income $39,319
Wealth Index3 151

HOUSING

Total Housing Units 1,063 (100%)
Owner Occupied HU 972 (91.4%)
Renter Occupied HU 77 ( 7.2%)
Vacant Housing Units 14 ( 1.3%)
Median Home Value $315,273
Housing Affordability Index2 182
 

HOUSEHOLDS

Total Households 1,049
Average Household Size 3.19
Family Households 897
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.41% 1.44%
Households 1.36% 1.41%
Families 1.15% 1.37%
Median Household Income   1.28%
Per Capita Income   1.87%

Hanover, MN - Peer Comparisons by Rank and Percentile

The table below compares Hanover to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 196 78th
Population Density # 445 51st
Diversity Index # 505 44th
Median Household Income # 34 96th
Per Capita Income # 111 88th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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