Zip 61438 (Good Hope, IL) Economy


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Good Hope, IL is a great place to call home. Located in McDonough County, Good Hope has a population of 61438 people and is known for its friendly community and abundance of local businesses. It's also a great place for those looking to save money on rent - two bedroom apartments typically rent between $700-$800 per month. Apart from housing, the Grocery Cost Index in Good Hope is 92 which is lower than the US average of 100. Local companies in Good Hope include K&L Farms, G&G Automotive Repair Service and Janis's Floral Design & Gift Shop - some of which are family owned and operated for generations.

Good Hope (zip 61438) has an unemployment rate of 5.3%. The US average is 6.0%.

Good Hope (zip 61438) has seen the job market decrease by -7.4% 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 (zip 61438)
- The Sales Tax Rate for Good Hope (zip 61438) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Good Hope (zip 61438) 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 (zip 61438)
- The average income of a Good Hope (zip 61438) resident is $30,216 a year. The US average is $37,638 a year.
- The Median household income of a Good Hope (zip 61438) resident is $63,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGood Hope, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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