What is the median household income in Hanover Township (Cook County), IL?

Name: Income and affordability in Hanover Township (Cook County), IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Hanover Township (Cook County), IL is $99,697 (±$4,134) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,598 a month would take about $63,900 a year at the common guideline of spending no more than 30% of income on rent.

In Hanover Township (Cook County), the median household income went from $80,946 in 2015–2019 to $99,697 in 2020–2024 (+23.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median household income: $99,697 (±$4,134)
Median renter income: $65,243 (±$7,742)
Income to afford median rent: about $63,900

Income in Hanover Township (Cook County) against Cook County, its state and the nation

Income, estimate (90% margin of error)
	Hanover Township (Cook County)	Cook County	Illinois	United States
Median household income	$99,697 (±$4,134)	$83,498 (±$630)	$83,390 (±$362)	$80,734
Median renter household income	$65,243 (±$7,742)	$55,388 (±$886)	$50,420 (±$471)	$52,966
Median owner household income	$109,505 (±$5,342)	$108,804 (±$833)	$103,505 (±$377)	$100,009
Median gross rent	$1,598 (±$73)	$1,435 (±$7)	$1,274 (±$5)	$1,413

In Hanover Township (Cook County), median household income is higher than in Cook County ($83,498).

It is also higher than in Illinois ($83,390).

It is higher than the national figure ($80,734).

In Cook County, Hanover Township (Cook County) ranks 47 of 148 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 547 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in Hanover Township (Cook County)

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,598 a month ($19,176 a year) needs an income of about $63,900 a year.

The median renting household in Hanover Township (Cook County) earns $65,243 a year.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$80,946 (±$3,394)	$99,697 (±$4,134)	+23.2%	No measurable change after inflation
Median gross rent	$1,472 (±$71)	$1,598 (±$73)	+8.6%	Down after inflation
Median home value	$204,600 (±$4,613)	$285,300 (±$5,401)	+39.4%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Hanover Township (Cook County)

Nearest places with a published estimate, compared with Hanover Township (Cook County)
Place	Distance	Median household income	Compared with this place
Hanover Township (Cook County)	—	$99,697 (±$4,134)	—
Streamwood	1.4 mi	$101,218 (±$6,949)	Not measurably different
Hoffman Estates	3.9 mi	$106,806 (±$7,715)	Not measurably different
Hanover Park	4.4 mi	$91,763 (±$7,351)	Not measurably different
South Barrington	4.8 mi	$221,575 (±$51,485)	Higher
Bartlett	4.8 mi	$133,240 (±$6,074)	Higher
East Dundee	5.3 mi	$89,583 (±$16,054)	Not measurably different
Wayne Township	5.8 mi	$136,513 (±$5,007)	Higher
Schaumburg Township	5.9 mi	$99,298 (±$2,816)	Not measurably different

Nearby places with a measurably higher figure: South Barrington, IL ($221,575), Bartlett, IL ($133,240), Wayne Township, IL ($136,513).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Cook County, place by place

Rank	Place	Median household income
41	Orland Township	$104,383 (±$3,400)
42	Willow Springs	$103,583 (±$15,367)
43	Mount Prospect	$101,720 (±$5,626)
44	Streamwood	$101,218 (±$6,949)
45	Indian Head Park	$100,149 (±$20,432)
46	Homewood	$100,139 (±$10,332)
47	Hanover Township (Cook County)	$99,697 (±$4,134)
48	Schaumburg Township	$99,298 (±$2,816)
49	Bedford Park	$99,000 (±$32,917)
50	Westchester	$98,954 (±$7,923)
51	Orland Park	$98,910 (±$4,566)
52	Rolling Meadows	$98,514 (±$6,968)
53	Maine Township (Cook County)	$98,291 (±$3,721)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Hanover Township (Cook County)

What is the median household income in Hanover Township (Cook County)?

The median household income in Hanover Township (Cook County) is $99,697 (±$4,134) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Hanover Township (Cook County)?

About $63,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,598 a month.

Have incomes in Hanover Township (Cook County) kept up with inflation?

In Hanover Township (Cook County), the median household income went from $80,946 in 2015–2019 to $99,697 in 2020–2024 (+23.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

What do renters earn in Hanover Township (Cook County)?

The median renting household in Hanover Township (Cook County), IL earns $65,243 (±$7,742) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Hanover township, Cook County, Illinois (county subdivision:32694, in state:17 county:031).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.