Good Hope, IL is an attractive city with many amenities and conveniences that make it a great place to live. The cost of living is very reasonable with a two-bedroom rental costing around $820 compared to the US average of $1,430. Grocery costs are also competitive here, with an index of 92 versus 100 in the US overall. Good Hope is home to several noteworthy companies such as ABC Manufacturing Solutions, Good Hope Foods, and Sandy's Clothing Store. Each company offers quality services or products and provides employment opportunities for residents in the area.
Good Hope has an unemployment rate of 5.3%. The US average is 6.0%.
Good Hope has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Good Hope
- The Sales Tax Rate for Good Hope is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Good Hope is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Good Hope
- The average income of a Good Hope resident is $32,705 a year. The US average is $28,555 a year.
- The Median household income of a Good Hope resident is $50,833 a year. The US average is $69,021 a year.