Cost Of Living in Good Hope, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Good Hope	Illinois	National
Cost of living	85	96	100
Goods & Services	96	97	100
Groceries	95	98	100
Health care	104	95	100
Housing	51	95	100
Transportation	100	103	100
Utilities	113	89	100

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Cost Of Living Quick Facts

The cost of living in Good Hope is 12% lower than the Illinois average
The cost of living in Good Hope is 15% lower than the national average
Good Hope housing is 49% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$47,917	$3,993	$1,118	$1,438
Renters	$0	$0	$0	$0

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Good Hope	National avg.	Difference
Haircut	$18.13	$24.26	25.3%
Beauty Salon	$28.00	$45.56	38.5%
Toothpaste	$3.84	$3.70	3.8%
Shampoo	$1.30	$1.28	1.3%
Movie	$9.83	$12.13	19.0%
Bowling	$11.95	$18.00	33.6%

Groceries

Item	Good Hope	National avg.	Difference
Ground Beef	$5.55	$5.84	5.0%
Fried Chicken	$1.41	$1.57	10.6%
Milk	$4.72	$4.67	1.0%
Potatoes	$4.74	$4.93	4.0%
Pizza	$12.79	$12.09	5.8%
Beer	$9.83	$10.41	5.6%

Health Care

Item	Good Hope	National avg.	Difference
Optometrist	$120.50	$125.68	4.1%
Doctor	$171.88	$135.78	26.6%
Dentist	$97.53	$113.29	13.9%
Ibuprofen	$10.43	$10.65	2.1%
Lipitor	$506.88	$468.60	8.2%

Housing

Item	Good Hope	National avg.	Difference
Home Price	$77,800.00	$184,700.00	57.9%
Avg. Mortgage Payment	$1,420.60	$2,346.69	39.5%
Apartment Rent	$679.00	$949.00	28.5%

Transportation

Item	Good Hope	National avg.	Difference
Gasoline	$3.37	$3.46	2.5%
Tire Balancing	$62.78	$59.92	4.8%

Utilities

Item	Good Hope	National avg.	Difference
All Electricity	$229.59	$193.99	18.3%
Phone	$200.45	$192.25	4.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Marietta, IL	61	99	0.9%
Bardolph, IL	277	75	25.2%
Raritan, IL	123	77	22.6%
St. Augustine, IL	133	78	21.7%
Avon, IL	690	80	19.9%
Good Hope, IL	405	85	15.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pinedale, AZ	405	128	28.3%
Ila, GA	405	90	10.3%
Sale City, GA	405	81	18.7%
Plainfield, IA	405	77	22.6%
Thayer, KS	405	77	22.9%
Good Hope, IL	405	85	15.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Good Hope, IL