Good Hope, AL is a small town located in Alabama with a population size not included. The rent for two-bedroom apartments is much lower than the US average at $810 versus $1,430. This makes Good Hope an attractive option for those looking to save money on their housing costs. In addition, the grocery cost index in Good Hope is 95 versus 100 in the US which also adds to its appeal. Local businesses include Greer’s Foods, which specializes in fresh produce and groceries, and Hometown Groceries which offers a wide selection of items at competitive prices. The low cost of living in Good Hope makes it an attractive option for those looking for budget friendly options.
Good Hope has an unemployment rate of 2.0%. The US average is 6.0%.
Good Hope has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Good Hope
- The Sales Tax Rate for Good Hope is 8.5%. 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 $27,750 a year. The US average is $37,638 a year.
- The Median household income of a Good Hope resident is $58,036 a year. The US average is $69,021 a year.