Good Hope, IL
Full City Profile · Illinois · McDonough County County
Good Hope, IL
At a Glance
How Good Hope Compares to the U.S. Average
Each bar shows Good Hope's value as a percentage of the national average (100% = U.S. avg)
Is Good Hope a Good Place to Live?
Economy & Jobs
Good Hope residents earn a median household income of $69,063 , which is 8% below the national average of $75,149. Per capita income is $29,904. The unemployment rate stands at 2.1% (42% below the U.S. rate of 3.6%). 5.6% of residents live below the poverty line. The area is home to 550 business establishments, including 73 restaurants.
Housing & Cost of Living
The median home value in Good Hope is $95,900 , 66% below the national median of $281,900. Zillow estimates the typical home at $117,134. Median rent is $788/month, with 30.0% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1967.
Education
25.3% of adults in Good Hope hold a bachelor's degree or higher (25% below the national average). 96.8% have completed high school. Local schools score 5.4/10 in standardized testing.
Climate & Weather
Good Hope has an average annual temperature of 52°F (11°C). Winters average 24°F in January while summers reach 75°F in July. Annual precipitation totals 39.1 inches.