NM landscape

88041

Hanover, NM

Total Population
1,423
Median Household Income
$33,733
Median Home Value
-$666,666,666
Median Rent
-$666,666,666

Quick Facts & Insights

Key metrics and how they compare

Household Income
$33,733
100% above state median
Home Value
-$666,666,666
319% below state median
Rent
-$666,666,666
121.2% below state median
Median Age
60.6 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).
Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

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Location Map

Hanover, NM 88041

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor Hanover, NM

Median household income is 100% below state average, suggesting more affordable cost of living.

Mature population with median age of 60.6 years, likely more established households.

Unemployment rate of 8.6% is above national average, indicating economic challenges.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$33,733
-55.1% vs US
vs State Median
+-100.0%
State: $-152,963,292
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 2.69 people

Total Households
462
Family Households
60.4%

Employment by Industry

Where residents work

#1 Industry
Finance
21.8%
#2 Industry
Professional
21.8%
#3 Industry
Agriculture
19.4%
Total Employed Residents:216

Commute Patterns

How residents get to work

Short Commute
3.1%
Under 10 minutes
Long Commute
0.0%
Over 60 minutes
Work From Home
3.1%
8 workers
Public Transit
0.0%
0 workers
Total Commuting Workers:260
Commute Insights
0

Labor Force Statistics

Employment Rate
91.4%
297 employed
Labor Force
325
28 unemployed
Median Age
60.6 years
Per Capita Income
$22,150
Poverty Rate
12.2%

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