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2024 Compare Cities Economy:
Hanover, MN vs Hot Springs, SD

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Highlights
- Household income in Hot Springs, is 65% less than it is in Hanover and is 56% below the National Average.
- Hanover unemployment rate is 4.5%.
- Hot Springs unemployment rate is 4.4%.

Economy
 Hanover, MNHot Springs, SDUnited States
 Unemployment Rate4.5%4.4%6.0%
 Recent Job Growth1.8%1.2%1.6%
 Future Job Growth36.1%27.7%33.5%
 Sales Taxes7.4%6.5%6.2%
 Income Taxes7.1%0.0%4.6%
 Income per Cap.$49,061$27,060$37,638
 Household Income$126,184$44,167$69,021
 Family Median Income$142,586$61,250$85,028
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 Est. Households By Income
 Hanover, MNHot Springs, SDUnited States
 Income Less Than 15K4.5%21.2%9.4%
 Income between 15K and 20K0.0%6.1%3.8%
 Income between 20K and 30K4.4%9.5%8.1%
 Income between 30K and 40K2.6%4.5%8.0%
 Income between 40K and 50K1.5%13.5%7.6%
 Income between 50K and 60K2.2%5.6%7.2%
 Income between 60K and 75K4.8%6.3%9.6%
 Income between 75K and 100K15.7%17.0%12.8%
 Income between 100K and 150K24.1%15.5%16.3%
 Income between 150K and 200K19.5%0.8%7.8%
 Income greater than 200K20.8%0.0%9.5%
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 Population By Occupation
 Hanover, MNHot Springs, SDUnited States
 Management, business, finance30.7%11.3%16.4%
 Engineering, computers, science6.2%0.9%6.5%
 Community, social services0.4%0.9%1.8%
 Legal1.6%0.0%1.2%
 Education, library6.4%5.2%6.2%
 Arts, design, media, sports, entertainment1.7%2.0%2.0%
 Healthcare practitioners and technology6.1%7.8%6.2%
 Healthcare support0.6%5.9%3.3%
 Firefighters, law enforcement2.4%2.3%2.1%
 Food preparation, serving3.1%8.6%5.4%
 Building maintenance2.2%9.7%3.6%
 Personal care3.5%9.3%2.6%
 Sales, office, administrative support19.0%14.2%20.9%
 Farming, fishing, forestry0.3%0.0%0.6%
 Construction, extraction, maintenance/repair9.0%11.8%8.1%
 Production, transportation, material moving6.9%10.2%13.1%

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Reviews for Hanover    0 Reviews

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Reviews for Hot Springs    3 Reviews

Over 1 years ago

We are South Dakota natives and we moved to Hot Springs in 2023 after retiring. This move was predicated on a long-time knowledge of the city and many visits here going  More

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Over 10 years ago

Hot Springs, South Dakota has everything a retired person could want. I moved here (from Connecticut) ten years ago and I've never been happier. We have a beautiful  More

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This is a small town, suitable for those who like the Black Hills and want someplace quieter than Rapid City (and a little warmer -- it's located in a kind of climatic  More

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ZIPS IN HANOVER, MINNESOTA
55341
ZIPS IN HOT SPRINGS, SOUTH DAKOTA
57747

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