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Hancock, NY Profile: Facts & Data

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Hancock, New York - Basic Facts

The Village of Hancock had a population of 938 as of July 1, 2023.

The primary coordinate point for Hancock is located at latitude 41.954 and longitude -75.2804 in Delaware County. The formal boundaries for the Village of Hancock encompass a land area of 1.56 sq. miles and a water area of 0.14 sq. miles. Delaware County is in the Eastern time zone (GMT -5).

The Village of Hancock has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Hancock is located within Town of Hancock, a minor civil division (MCD) of Delaware County.


Jump to... (On This Page!)
  1. Hancock 2023 Demographic Data
  2. Growth Rates for Hancock (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2023 Demographics
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Hancock, NY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 938 (100%)
Population in Households 938 (100.0%)
Population in Families 691 (73.7%)
Population in Group Quarters1 0
Population Density 599
Diversity Index2 25
 
 

INCOME

Median Household Income $34,906
Average Household Income $53,241
% of Income for Mortgage4 22%
Per Capita Income $26,280
Wealth Index5 38
Socioeconomic Status Index6 Low (43.7)
 

HOUSING

Total HU (Housing Units) 652 (100%)
Owner Occupied HU 282 (43.3%)
Renter Occupied HU 181 (27.8%)
Vacant Housing Units 189 (29.0%)
Median Home Value $128,571
Average Home Value $191,223
Housing Affordability Index3 96
 

HOUSEHOLDS

Total Households 463
Average Household Size 2.03
Family Households 254
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. 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 races 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.
  3. 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.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2023 2023-2028
Population 1.01% 0.51%
Households 1.72% 0.93%
Families   0.85%
Median Household Income   3.69%
Per Capita Income   3.51%
Owner Occupied HU   1.71%

Hancock, NY - Peer Comparisons by Rank and Percentile

The table below compares Hancock to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2023 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 # 874 32nd
Population Density # 894 31st
Median Household Income # 1282 1st
Housing Affordability Index # 619 48th
Per Capita Income # 1216 6th
Diversity Index # 825 36th

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

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