Hancock County, Illinois
Income Data
At a Glance
How Hancock County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
See how your household income compares in Hancock County
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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.