Housing costs in Hanover?
A typical home costs
$240,100, which is 29.0% less expensive than the national average of
$338,100 and 1.1% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Hanover costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 9.0% cheaper than the state average of
$1,210.
Can I afford Hanover?
To live comfortably in Hanover, Pennsylvania, a minimum annual income of
$46,080 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in Hanover borough, PA is relatively high compared to the rest of the country. The median home value is $103,700, which is higher than both the Pennsylvania and national averages. The unemployment rate in Hanover is 3.6%, slightly lower than the state average of 4.3%. However, housing costs make up a large portion of resident's expenses; the median rental price is $892 per month, significantly higher than the U.S average of $934 per month. Additionally, the overall cost of groceries and goods are more expensive in Hanover than most places in Pennsylvania or beyond.