How many renters in Hancock, MI pay more than 30% of their income on rent?
51.3% (±10.8 points) of renting households in Hancock, MI spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
45.0% spend 35% or more.
The median renting household spends 31.1% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 51.3% (±10.8 points)
- Paying 35% or more
- 45.0% (±10.3 points)
- Median share of income
- 31.1% (±6.8 points)
Rent as a share of income in Hancock
| Share of income spent on rent | Hancock | Houghton County | Michigan | United States |
|---|---|---|---|---|
| Less than 15% | 17.2% (±9.7 points) | 14.6% | 13.5% | 12.6% |
| 15% to 19.9% | 8.4% (±7.9 points) | 5.4% | 12.2% | 12.2% |
| 20% to 24.9% | 10.8% (±5.8 points) | 9.9% | 12.4% | 12.6% |
| 25% to 29.9% | 12.2% (±8.1 points) | 13.4% | 11.5% | 11.5% |
| 30% to 34.9% | 6.3% (±3.4 points) | 9.9% | 9.0% | 9.2% |
| 35% or more | 45.0% (±10.3 points) | 46.7% | 41.4% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Hancock against Houghton County, its state and the nation
| Hancock | Houghton County | Michigan | United States | |
|---|---|---|---|---|
| Paying 30% or more | 51.3% (±10.8 points) | 56.6% (±8.4 points) | 50.4% (±0.4 points) | 51.1% |
| Paying 35% or more | 45.0% (±10.3 points) | 46.7% (±7.0 points) | 41.4% (±0.4 points) | 41.9% |
| Median share of income | 31.1% (±6.8 points) | 33.3% (±3.5 points) | 30.2% (±0.3 points) | 30.6% |
| Median renter household income | $35,951 (±$4,918) | $32,103 (±$3,944) | $42,352 (±$376) | $52,966 |
| Median gross rent | $835 (±$107) | $840 (±$73) | $1,129 (±$4) | $1,413 |
In Hancock, the share of renters paying 30% or more of income is not measurably different from Houghton County (56.6%).
It is not measurably different from Michigan (50.4%).
It is not measurably different from the national figure (51.1%).
In Houghton County, Hancock ranks 7 of 15 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 543 of 1,485.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Hancock
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Hancock | — | 51.3% (±10.8 points) | — |
| Quincy Township (Houghton County) | 1.3 mi | 20.8% (±62.4 points) | Not measurably different |
| Houghton | 2.2 mi | 73.9% (±18.0 points) | Higher |
| Franklin Township (Houghton County) | 3.5 mi | 47.2% (±20.7 points) | Not measurably different |
| Dollar Bay | 4.3 mi | 57.5% (±55.8 points) | Not measurably different |
| South Range | 5.1 mi | 58.6% (±30.2 points) | Not measurably different |
| Osceola Township (Houghton County) | 6.7 mi | 51.0% (±51.2 points) | Not measurably different |
| Adams Township (Houghton County) | 6.9 mi | 27.1% (±21.0 points) | Lower |
| Stanton Township | 8.8 mi | 59.1% (±54.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Adams Township (Houghton County), MI (27.1%).
Nearby places with a measurably higher figure: Houghton, MI (73.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Houghton County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 (tie) | Duncan Township | 100.0% (±134.4 points) |
| 1 (tie) | Elm River Township | 100.0% (±141.4 points) |
| 3 | Houghton | 73.9% (±18.0 points) |
| 4 | Stanton Township | 59.1% (±54.3 points) |
| 5 | Torch Lake Township (Houghton County) | 53.3% (±40.6 points) |
| 6 | Calumet Charter Township | 52.4% (±10.9 points) |
| 7 | Hancock | 51.3% (±10.8 points) |
| 8 | Osceola Township (Houghton County) | 51.0% (±51.2 points) |
| 9 | Portage Charter Township | 49.0% (±29.1 points) |
| 10 | Franklin Township (Houghton County) | 47.2% (±20.7 points) |
| 11 | Chassell Township | 38.5% (±32.8 points) |
| 12 | Schoolcraft Township (Houghton County) | 31.0% (±14.4 points) |
| 13 | Adams Township (Houghton County) | 27.1% (±21.0 points) |
Showing 13 of 15 places in Houghton County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Hancock
Are renters in Hancock rent-burdened?
51.3% of renting households in Hancock pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Hancock spend on rent?
The median renting household in Hancock, MI spends 31.1% (±6.8 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hancock city, Michigan
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Hancock city, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hancock city, Michigan
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 Hancock city, Michigan (place:36300, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
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.
Figures last updated on .
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