Cost of living in Hancock, MI

Hancock is a Census city in Houghton County, MI. ACS 2024 5-year population is 4,574. Median gross rent is $835 (ACS 2024 5-year, this place). Median home value is $165,600. Median household income is $59,519. Insurance is the NAIC state average; food is a USDA plan — no town indexes.