Living in Good Hope, Illinois
Cost of living, income, home prices, rent and demographics of Good Hope · Census data 2020–2024
Good Hope has 438 residents with a median age of 33. The median household income is $73,636 (12% lower than the Illinois median), the median home value is $97,000, the median rent is $788/month.
Good Hope is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Good Hope at a glance
- Population
- 438
- Median age
- 33State: 39
- Median household income
- $73,636State: $83,390
- Median home value
- $97,000State: $263,300
- Median rent
- $788/moState: $1,274
- Homeowners
- 79.6%
- Bachelor's degree or higher
- 20.3%
- Average commute
- 18 min
Is Good Hope a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 18 minutes; a poverty rate of 4.8%.
Cons: Median household income 12% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Good Hope
Housing is the biggest part of the cost of living. In Good Hope the median home value is $97,000, 71% lower than the U.S. median. Renters pay a median of $788 per month, which is 20% of household income. Homeowners with a mortgage pay $1,083 a month in housing costs.
Good Hope median household income
The median household income in Good Hope is $73,636 and the income per person is $33,096. 4.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Good Hope: homes for sale and rent
- Housing units
- 196
- Owner-occupied
- 79.6%
- Renter-occupied
- 20.4%
- Vacant
- 5.1%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.35
Good Hope demographics
- Population
- 438
- Median age
- 33
- Under 18
- 24.7%
- 65 and older
- 18.3%
- Households
- 186
- Foreign-born
- 0%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Good Hope ›
Education in Good Hope
20.3% of adults 25 and older in Good Hope have a bachelor's degree or higher (Illinois: 37.8%), and 5.5% have a graduate or professional degree.
Jobs and commute in Good Hope
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 18 minState: 28 min
- Work from home
- 3.8%
- Drive alone
- 89.2%
- Public transit
- 0%
- Walk to work
- 4.7%
- Homes with broadband
- 89.2%
Good Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Good Hope | 438 | $73,636 | $97,000 | $788 |
| Macomb | 14,894 | $44,411 | $103,300 | $765 |
| Bardolph | 204 | $28,750 | $49,300 | — |
| Bushnell | 2,677 | $67,518 | $71,900 | $648 |
| Blandinsville | 666 | $52,375 | $68,800 | $1,059 |
| Colchester | 1,128 | $63,981 | $91,700 | $808 |
| Prairie City | 378 | $60,694 | $91,500 | $717 |
| Roseville | 823 | $58,203 | $85,700 | $859 |
| Raritan | 134 | $68,750 | $87,500 | $875 |
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, IL?
The median household income in Good Hope is $73,636, 12% lower than the Illinois median of $83,390 (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 $97,000, compared with $263,300 in Illinois.
How much is rent in Good Hope?
The median gross rent in Good Hope is $788 per month, about 20% of household income.
Is Good Hope, IL a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 18 minutes; a poverty rate of 4.8%. Minuses: median household income 12% lower than the Illinois median.
What is the median age in Good Hope?
The median age in Good Hope is 33 years (Illinois: 39).
How long is the commute in Good Hope?
The average commute to work in Good Hope is 18 minutes; 3.8% of workers work from home.
What is the unemployment rate in Good Hope?
The unemployment rate in Good Hope is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Good Hope?
20.3% 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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