Good Hope, IL Cost of Living


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Good Hope cost of living score
68.6
Less expensive
31.4% lower
than the US average
26.8% lower
than the Illinois average
Good Hope, Illinois gets a BestPlaces Cost of Living score of 68.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.4% lower than the U.S. average and 26.8% higher than the average for Illinois.

Good Hope, IL

Housing costs in Good Hope?
A typical home costs $99,900, which is 70.5% less expensive than the national average of $338,100 and 58.7% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Good Hope costs $820 per month, which is 42.7% cheaper than the national average of $1,430 and 53.7% cheaper than the state average of $1,260.

Can I afford Good Hope?
To live comfortably in Good Hope, Illinois, a minimum annual income of $19,080 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Good Hope?
Good Hope, IL is a small town with a population of just over 4,000 people. The cost of living in Good Hope is quite low, making it an attractive option for those looking for a more affordable way of life. The median home price in Good Hope is around $120,000, far lower than many other parts of the state. Rent is also quite affordable with the average one bedroom apartment going for around $550 per month. Groceries and other everyday expenses such as gas and utilities tend to be on par with the national average. Overall, the cost of living in Good Hope makes it an ideal place for those seeking to live comfortably without breaking their budget.
   Cost of living score
     CategoriesGood HopeIllinoisUnited States
  68.693.7100.0
  92.494100
  112.996.9100.0
  20.580.2100.0
  $99,900$241,700$338,100
  94.4%97.7%100.0%
  62.7106.2100.0
  129.9107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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