Is Hanover Park, Illinois a Good Place To Live? - Living In Hanover Park, IL

Is Hanover Park, Illinois a good place to live?
Hanover Park is a city in Illinois state in USA with a population of 37811 residents.. The poverty rate of Hanover Park is 12.8%, which is 9% lower than national average. The typical household in Hanover Park earns $77367 a year, compared to the national median of $67,500. Nearly 29.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Hanover Park, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hanover Park remained 5.6%, which is 19% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hanover Park, only 27% of adults have a bachelor's degree and 29% have some college but no degree.

Cost of living in Hanover Park is 107, which is 7% higher than national average. Median home value in Hanover Park is $206400 , which is 10% lower than national average. While median income in Hanover Park remained $77367, which is 15% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
37811
Unemployment
5.6%
19% NAT AVG.
Poverty
12.8%
9% NAT AVG.
Overall Score
8
Median Home Cost
$206400
10% NAT AVG.
Median Income
$77367
15% NAT AVG.
Median Rent
$1320
14% NAT AVG.
Cost Of Living
107
7% NAT AVG.
People Living BPL
1 in 8
Unemployed People
1 in 18
People Earning < $10,000
1 in 21
People Earning < $50,000
29.7%
People with <= High School
1 in 2.3
People With Any Degree
1 in 2.8
Pros & Cons Overview

Jobs80%

Housing85%

Affordability70%

Safety85%

Amenities95%

Diversity100%

Education60%

Commute50%