Cost of Living in Hanover, WI

With a cost of living index of 84, Hanover, WI is a very affordable place to live. Living here is 16% cheaper than the national average and 5% above the Wisconsin state average of 79. Hanover is a small community of 143 residents.

The median household income in Hanover is $58,281, which is 22% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Janesville-Beloit, WI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.