1st Advantage MortgageIn Hancock County, Indiana, the typical household earns $93,186 a year and the typical rent is $1,203. Those figures describe the county, not you: compare at least three written offers by APR and total cost, and confirm the lender's license before you apply.
On this page
- Hancock County by the numbers
- Rent, home values and ownership in Hancock County
- How much Hancock County households make
- Work, industries and travel time in Hancock County
- How Hancock County compares with nearby counties
- Hancock County towns compared
- What a median Hancock County budget can carry
- More Hancock County figures
- Local borrowing considerations for Hancock County
- A Hancock County borrower's checklist
- Licensing and complaints for Hancock County
- Related local guides
- Frequently asked questions
Hancock County by the numbers
Roughly 84,037 residents live in Hancock County, Indiana, 18th by population among the state's 92 counties and county equivalents. Packed into 306 square miles, that is close to 275 residents for every square mile of land. The federal metro definitions (OMB, July 2023) place it in the Indianapolis-Carmel-Greenwood, IN metropolitan area. The Census Bureau counts 7 places in the county (7 incorporated, 0 census-designated); the largest is Greenfield, with about 24,940 residents, or 30% of the county.
Rent, home values and ownership in Hancock County
A typical Hancock County rental runs $1,203 a month including utilities, which is 13% above Indiana. By the Census definition, 40% of Hancock County renters are cost-burdened. The median owner-occupied home is valued at $274,800, about 2.9 times the median household income. Owners occupy 80% of homes.
| Housing | Hancock County | Indiana statewide | Typical U.S. county |
|---|---|---|---|
| Median gross rent | $1,203/mo | $1,062/mo | $877/mo |
| Median home value | $274,800 | $218,200 | $185,300 |
| Owners | 80% | 71% | 75% |
| Rent-burdened renters | 40% | 48% | 45% |
| Burdened owners | 17% | 20% | n/a |
| Vacant units | 3% | 9% | n/a |
Owners with equity have a second option. Weigh a secured line against an unsecured loan by risk as well as cost before you choose (how they compare).
How much Hancock County households make
The median household income in Hancock County is $93,186; statewide it is $71,957, so Hancock County runs 30% above Indiana as a whole.
| Household income | Hancock County | vs Indiana |
|---|---|---|
| Under $35,000 | 12.8% | -9.7 pts |
| $35,000 to $99,999 | 40.1% | -3.3 pts |
| $100,000 to $199,999 | 34.8% | +9.0 pts |
| $200,000 or more | 12.2% | +4.0 pts |
About 13% of households earn under $35,000, while 47% clear $100,000. 4.7% of residents fall below the federal poverty line (statewide: 12.3%). Income inequality, measured by the Gini index, comes to 0.405 here. A household earning below the $93,186 median should test any payment carefully; one earning above it should still pick the shortest term it can manage.
Work, industries and travel time in Hancock County
Education and health care employs 22% of working residents, the largest share; manufacturing is next with 12%. Professional and administrative services stands out: 12% of workers here, versus 9% statewide. Averaged over the five survey years, 2.7% of the labor force was out of work and looking. About 75% drive to work alone and 17% have trips of 45 minutes or more. Only 3.0% of homes here go without a vehicle.
| Industry | Share of Hancock County workers | vs Indiana |
|---|---|---|
| Education and health care | 22.2% | -1.3 pts |
| Manufacturing | 12.4% | -5.7 pts |
| Professional and administrative services | 11.8% | +2.6 pts |
| Retail trade | 10.5% | -0.3 pts |
| Construction | 8.6% | +2.0 pts |
| Arts, lodging and food service | 7.4% | -0.4 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
How Hancock County compares with nearby counties
The six counties whose centers lie closest to Hancock County's, from 19 to 24 miles away. 1 of the six report a higher median household income than Hancock County; Hamilton County is highest at $121,530 and Madison County lowest at $63,037.
| Neighbor | Distance | Income | Rent | Own |
|---|---|---|---|---|
| Hancock County | - | $93,186 | $1,203/mo | 80% |
| Marion County, IN | 19 mi | $66,346 | $1,153/mo | 57% |
| Shelby County, IN | 21 mi | $72,190 | $987/mo | 72% |
| Hamilton County, IN | 21 mi | $121,530 | $1,574/mo | 76% |
| Henry County, IN | 21 mi | $63,150 | $820/mo | 76% |
| Rush County, IN | 21 mi | $66,473 | $873/mo | 75% |
| Madison County, IN | 24 mi | $63,037 | $939/mo | 70% |
Hancock County towns compared
Here are the 7 most populous of the county's 7 Census places, with income and rent from the same 2020 to 2024 survey. About 60% of Hancock County residents live in one of the 7. Among places of 500 or more people, median income runs from $76,127 in Greenfield to $110,692 in McCordsville. Rent is cheapest in New Palestine ($1,129) and steepest in McCordsville ($1,283). No Hancock County place has a separate guide yet; this county page serves all 7.
| Community | Type | Residents | Household income (median) | Rent (median) | Distance |
|---|---|---|---|---|---|
| Greenfield | city | 24,940 | $76,127 | $1,177 | 2 mi |
| McCordsville | town | 10,329 | $110,692 | $1,283 | 9 mi |
| Cumberland | town | 6,267 | $87,364 | $1,157 | 9 mi |
| Fortville | town | 4,976 | $84,000 | $1,167 | 8 mi |
| New Palestine | town | 3,227 | $96,923 | $1,129 | 9 mi |
| Wilkinson | town | 385 | $81,250 | $917 | 10 mi |
| Spring Lake | town | 224 | $50,938 | n/a | 5 mi |
What a median Hancock County budget can carry
Lenders compare monthly debt payments with gross monthly income, the debt-to-income ratio. For a Hancock County household at the medians it works out like this; treat it as an illustration only.
- $93,186 a year is $7,766 of gross monthly income
- Less median rent of $1,203, which is 15% of it
- $1,593: what a 36% ratio leaves once rent is paid
Two-income households and single earners in Hancock County land in very different places on this math, so run it for your own budget.
More Hancock County figures
Degree holders: 35% of adults over 25. About 6% go without health insurance.
| Residents | Hancock County | Indiana | Middle U.S. county |
|---|---|---|---|
| Median age | 40.0 | 38.1 | 41.5 |
| Bachelor's or higher | 34.9% | 29.5% | 22.2% |
| No high school diploma | 5.8% | 9.6% | n/a |
| No health insurance | 5.5% | 7.4% | 7.8% |
| No vehicle | 3.0% | 6.2% | 5.4% |
| Work from home | 16.0% | 10.7% | 8.7% |
| Poverty rate | 4.7% | 12.3% | 13.2% |
| Unemployment (ACS) | 2.7% | 4.3% | 4.4% |
| Minutes to work | Hancock County workers |
|---|---|
| Under 15 min | 22.3% |
| 15 to 29 min | 32.6% |
| 30 to 44 min | 27.7% |
| 45 to 59 min | 11.1% |
| 60+ min | 6.3% |
Local borrowing considerations for Hancock County
Where the Hancock County numbers stand out, and why it matters for a loan:
- Six-figure budgets. For the 47% earning $100,000 or more, lifestyle creep, not approval, is the usual problem.
- Credit reports. Pull free reports at AnnualCreditReport.com and dispute errors before applying.
- Advance-fee offers. No legitimate lender asks a Hancock County borrower to pay first (scam signs).
A Hancock County borrower's checklist
Four checks before you sign anything:
- Borrow the amount the job needs; extra cash adds interest.
- Line up offers side by side: APR, fees in dollars, total cost.
- A Indiana license check takes minutes; do it first.
- Never pay a fee up front to get a loan.
Licensing and complaints for Hancock County
The Indiana Department of Financial Institutions is the place to verify any lender's Indiana license. Federal complaints: consumerfinance.gov. Statewide data and rules: Indiana guide.
Related local guides
The Indiana guide covers the whole state.
Frequently asked questions
How much do households in Hancock County earn?
The median is $93,186; 47% earn $100,000 or more and 13% under $35,000. A lender uses your own documented income, not this figure.
How does Hancock County rent compare with Indiana?
$1,203 locally versus $1,062 for the state, 13% above.
Which towns does the Hancock County guide cover?
Every community in the county, unincorporated areas included. The largest of its 7 Census places: Greenfield, McCordsville, Cumberland, Fortville, New Palestine.
Will a Hancock County address affect my match?
Beyond confirming Indiana as your state, no. Your answers about amount, credit, income and payments are all that count.
Is there a Hancock County office that licenses lenders?
No, licensing is statewide. In Indiana it is the Indiana Department of Financial Institutions.