Hancock County, Illinois

Income Data

-5% vs. Illinois average
$65,044
Median Household Income
$36,671
Per Capita Income

At a Glance

Median Household Income
$65,044
-5% vs. state avg
Per Capita Income
$36,671
-7% vs. national
Income-to-Housing Ratio
60.0%
income as % of home value
Rank in Illinois
#53 / 102
by median household income

How Hancock County Compares

Hancock County$65,044
Illinois Average$68,580
National Median$74,755

Detailed Income Statistics

$65,044
Median Household Income
$36,671
Per Capita Income
$108,400
Median Home Value
60.0%
Income-to-Housing Ratio

Data Story

About Household Income in Hancock County, Illinois

Hancock trails the national income benchmark

Hancock County's median household income of $65,044 falls roughly $9,700 short of the U.S. median of $74,755. This 13% income gap reflects the county's position as a small-town rural economy in a broader national context.

Slightly below Illinois state average

Hancock's $65,044 median trails the state average of $68,580 by about $3,536. The county ranks in the middle tier of Illinois counties, typical for rural and small-metro areas.

Competitive with surrounding counties

Hancock ($65,044) edges out Hamilton County ($61,520) and Iroquois County ($62,439), though it falls behind Henry County ($69,912). This positions Hancock as a middle-income anchor in a cluster of rural Illinois counties.

Rents rising; housing stress emerging

Hancock's rent-to-income ratio of 13.9% is borderline acceptable but trending toward the 15% stress threshold. With median home values near $108,400, renters and first-time buyers should budget carefully.

Seize opportunities to invest and save

Per capita income of $36,671 provides a foundation for wealth-building despite regional income constraints. Households benefit from exploring employer retirement plans, diversified savings, and financial literacy resources.

Frequently Asked Questions

What is the median household income in Hancock County, Illinois?
The median household income in Hancock County, Illinois is $65,044, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Hancock County?
The per capita income in Hancock County is $36,671, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $65,044.
How does Hancock County compare to the Illinois average?
Hancock County's median household income of $65,044 is lower than the Illinois state average of $68,580. The per capita income is $36,671, compared to the state average of $36,009.
What is the per capita income in Hancock County, Illinois?
The per capita income in Hancock County, Illinois is $36,671, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Hancock County a low-income area in Illinois?
Hancock County's median household income of $65,044 is below the Illinois average of $68,580. The per capita income of $36,671 is also comparable to the state average of $36,009. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Hancock County rank for income in Illinois?
Hancock County ranks #53 out of 102 counties in Illinois by median household income (1 = highest). With a median household income of $65,044 and per capita income of $36,671, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Hancock County

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Your income is above the Hancock County median

County median: $65,044 per year

vs. County Median

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vs. State Average

-5%

vs. National Median

-13%

vs. Hancock County MedianAbout equal
vs. Illinois Average5% below
vs. National Median13% below

Income Adequacy

Monthly income covers median rent7.2x

Your monthly income ($5,420) vs. median rent ($755/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.