| Index | Hanover | Minnesota | National |
| Cost of living | 117 | 99 | 100 |
| Goods & Services | 95 | 100 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 101 | 109 | 100 |
| Housing | 167 | 100 | 100 |
| Transportation | 97 | 97 | 100 |
| Utilities | 95 | 93 | 100 |
| Cost of living index | |
| Goods & Services index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $122,750 | $10,229 | $2,864 | $3,683 |
| Renters | $0 | $0 | $0 | $0 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| Item | Hanover | National avg. | Difference |
| Haircut | $25.86 | $24.26 | 6.6% |
| Beauty Salon | $37.00 | $45.56 | 18.8% |
| Toothpaste | $3.62 | $3.70 | 2.2% |
| Shampoo | $1.50 | $1.28 | 16.9% |
| Movie | $11.32 | $12.13 | 6.7% |
| Bowling | $25.68 | $18.00 | 42.6% |
| Item | Hanover | National avg. | Difference |
| Ground Beef | $5.75 | $5.84 | 1.4% |
| Fried Chicken | $1.40 | $1.57 | 11.2% |
| Milk | $4.60 | $4.67 | 1.5% |
| Potatoes | $4.76 | $4.93 | 3.5% |
| Pizza | $13.00 | $12.09 | 7.6% |
| Beer | $9.44 | $10.41 | 9.3% |
| Item | Hanover | National avg. | Difference |
| Optometrist | $112.72 | $125.68 | 10.3% |
| Doctor | $164.15 | $135.78 | 20.9% |
| Dentist | $95.01 | $113.29 | 16.1% |
| Ibuprofen | $10.71 | $10.65 | 0.6% |
| Lipitor | $499.35 | $468.60 | 6.6% |
| Item | Hanover | National avg. | Difference |
| Home Price | $307,800.00 | $184,700.00 | 66.6% |
| Avg. Mortgage Payment | $1,983.77 | $2,346.69 | 15.5% |
| Apartment Rent | $0.00 | $949.00 | 100.0% |
| Item | Hanover | National avg. | Difference |
| Gasoline | $3.32 | $3.46 | 4.0% |
| Tire Balancing | $59.91 | $59.92 | 0.0% |
| Item | Hanover | National avg. | Difference |
| All Electricity | $180.11 | $193.99 | 7.2% |
| Phone | $187.59 | $192.25 | 2.4% |
| City | Population | Cost of Living Index | National Avg. |
| Big Lake CDP, MN | 375 | 103 | 3.0% |
| Montrose, MN | 3,505 | 99 | 1.4% |
| Rockford, MN | 4,481 | 99 | 1.0% |
| Waverly, MN | 1,513 | 100 | 0.0% |
| Buffalo, MN | 16,413 | 106 | 5.9% |
| Hanover, MN | 3,414 | 117 | 17.3% |
| City | Population | Cost of Living Index | National Avg. |
| Day Valley, CA | 3,414 | 202 | 102.2% |
| Johnston City, IL | 3,414 | 83 | 16.9% |
| West Liberty, KY | 3,414 | 92 | 8.5% |
| New Hampton, IA | 3,413 | 81 | 19.2% |
| Maiden, NC | 3,413 | 96 | 4.3% |
| Hanover, MN | 3,414 | 117 | 17.3% |
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