Hancock County ME Information

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Hancock County Subdivisions

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  1. Hancock County 2019 Demographic Data
  2. Growth Rates forHancock County (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maine Research Tools (Easy Tools & Current Data)
  3. Maine Data Comparison Tool - 2019 Demographics

Hancock County ME Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Hancock County ME Housing Affordability Index is 114
State of Maine Housing Affordability Index is 126
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.

WEALTH INDEX

Hancock County ME Wealth Index is 94
State of Maine Wealth Index is 86
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Maine address.

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POPULATION

Total Population 54,672
Population in Households 53,755
Population in Familes 39,892
Population in Group Qrtrs 917
Population Density 35
Diversity Index1 12
 

INCOME

Median Household Income $54,862
Average Household Income $76,010
Per Capita Income $34,232
Wealth Index3 94

HOUSING

Total Housing Units 41,361 (100%)
Owner Occupied HU 17,437 (42.2%)
Renter Occupied HU 7,165 (17.3%)
Vacant Housing Units 16,759 (40.5%)
Median Home Value $229,805
Housing Affordability Index2 114
 

HOUSEHOLDS

Total Households 24,602
Average Household Size 2.18
Family Households 14,703
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.05% 0.04%
Households 0.17% 0.08%
Families -0.1% -0.08%
Median Household Income   2.47%
Per Capita Income   2.8%

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Hancock County ME - Peer Comparisons by Rank and Percentile

The table below compares Hancock County to the other 16 counties and county equivalents in Maine by rank and percentile using July 1, 2019 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 # 8 56th
Population Density # 10 44th
Diversity Index # 8 56th
Median Household Income # 6 69th
Per Capita Income # 4 81st

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

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