People & Partners
Hancock County has Quality Workers
- The population in Hancock County, Iowa was 11,006 per American Community Survey data for 2012-2016.
- The region has a civilian labor force of 5,670 with a participation rate of 64.4%. Of individuals 25 to 64 in Hancock County, Iowa, 21.3% have a bachelor’s degree or higher which compares with 31.8% in the nation.
- The median household income in Hancock County, Iowa is $54,813 and the median house value is $95,500
Gross Domestic Product
Cost of Living Index
The largest major occupation group in Hancock County, Iowa is Production Occupations, employing 2,213 workers. The next-largest occupation groups in the region are Transportation and Material Moving Occupations (789 workers) and Office and Administrative Support Occupations (741). High location quotients (LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national average. The major groups with the largest LQs in the region are Production Occupations (LQ = 4.95), Farming, Fishing, and Forestry Occupations (3.21), and Installation, Maintenance, and Repair Occupations (1.64).
Occupation groups in Hancock County, Iowa with the highest average wages per worker are Management Occupations ($81,800), Legal Occupations ($64,700), and Healthcare Practitioners and Technical Occupations ($62,400). The unemployment rate in the region varied among the major groups from 0.6% among Management Occupations to 4.7% among Farming, Fishing, and Forestry Occupations.
Over the next 1 year, the fastest growing occupation group in Hancock County, Iowa is expected to be Installation, Maintenance, and Repair Occupations with a +0.9% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Installation, Maintenance, and Repair Occupations (+4 jobs) and Management Occupations (0). Over the same period, the highest separation demand (occupation demand due to retirements and workers moving from one occupation to another) is expected in Production Occupations (236 jobs) and Transportation and Material Moving Occupations (90).