Living in Good Hope, Alabama
Cost of living, income, home prices, rent and demographics of Good Hope · Census data 2020–2024
Good Hope has 2,574 residents with a median age of 30.9. The median household income is $93,661 (46% higher than the Alabama median), the median home value is $203,100, the median rent is $884/month.
Good Hope at a glance
- Population
- 2,574
- Median age
- 30.9State: 39.3
- Median household income
- $93,661State: $63,999
- Median home value
- $203,100State: $209,900
- Median rent
- $884/moState: $1,007
- Homeowners
- 71.5%
- Bachelor's degree or higher
- 18.9%
- Average commute
- 22 min
Is Good Hope a good place to live?
Pros: Median household income 46% higher than the Alabama median; home values 3% lower than the state median; an average commute of 22 minutes; unemployment of 2.2%; a poverty rate of 10.9%.
The weather is best in April–May and September–October.
Cost of living in Good Hope
Housing is the biggest part of the cost of living. In Good Hope the median home value is $203,100, 39% lower than the U.S. median. Renters pay a median of $884 per month, which is 19.1% of household income. Homeowners with a mortgage pay $1,390 a month in housing costs.
Good Hope median household income
The median household income in Good Hope is $93,661 and the income per person is $33,791. 10.9% of residents live below the poverty line (Alabama: 15.6%).
Housing in Good Hope: homes for sale and rent
- Housing units
- 939
- Owner-occupied
- 71.5%
- Renter-occupied
- 28.5%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 3.10
Good Hope demographics
- Population
- 2,574
- Median age
- 30.9
- Under 18
- 31.3%
- 65 and older
- 13.9%
- Households
- 829
- Foreign-born
- 4.2%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Good Hope ›
Education in Good Hope
18.9% of adults 25 and older in Good Hope have a bachelor's degree or higher (Alabama: 28.4%), and 8.7% have a graduate or professional degree.
Jobs and commute in Good Hope
- Unemployment rate
- 2.2%State: 4.7%
- Average commute
- 22 minState: 26 min
- Work from home
- 2.7%
- Drive alone
- 77.7%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 88.8%
Good Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Good Hope | 2,574 | $93,661 | $203,100 | $884 |
| Dodge City | 494 | $63,594 | $147,100 | $667 |
| Cullman | 19,319 | $61,224 | $238,900 | $925 |
| Hanceville | 3,270 | $41,791 | $169,800 | $812 |
| East Point | 293 | $160,531 | $230,600 | — |
| Berlin | 887 | $70,982 | $146,600 | $1,574 |
| South Vinemont | 693 | $50,795 | $170,000 | $810 |
| Garden City | 557 | $48,333 | $108,700 | — |
| West Point | 543 | $68,365 | $221,600 | $639 |
More for people moving to Good Hope
Good Hope ZIP code ›Weather and climate ›Living in Good Hope: FAQ
What is the median household income in Good Hope, AL?
The median household income in Good Hope is $93,661, 46% higher than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Good Hope?
The median home value in Good Hope is $203,100, compared with $209,900 in Alabama.
How much is rent in Good Hope?
The median gross rent in Good Hope is $884 per month, about 19.1% of household income.
Is Good Hope, AL a good place to live?
Pluses: median household income 46% higher than the Alabama median; home values 3% lower than the state median; an average commute of 22 minutes; unemployment of 2.2%; a poverty rate of 10.9%.
What is the median age in Good Hope?
The median age in Good Hope is 30.9 years (Alabama: 39.3).
How long is the commute in Good Hope?
The average commute to work in Good Hope is 22 minutes; 2.7% of workers work from home.
What is the unemployment rate in Good Hope?
The unemployment rate in Good Hope is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Good Hope?
18.9% of adults in Good Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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