Good Hope, AL
Population 2,542 · Alabama
About Good Hope, AL
Good Hope is a small town located in Alabama with a population of 2,542 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,068 per year, which is 17% above the national median of $75,149. The median age of 32.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Good Hope features a median home value of $172,200, which is 30% below the national median of $244,900. This positions Good Hope in a moderately priced market relative to the rest of the country. Median monthly rent is $1,105, 5% below the national average of $1,163/month. Of the 916 total housing units, 70% are owner-occupied (568 units) and 30% are renter-occupied (249 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Good Hope shows an unemployment rate of 0.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.1%, above the national average of 12.4%. Workers in Good Hope have an average one-way commute time of 25.1 minutes.
Education & Demographics
17.6% of Good Hope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 10.3% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.4% of the population being foreign-born.
How Good Hope Ranks in Alabama
Cost of Living in Good Hope, AL
Compared to national averages, Good Hope has a median household income of $88,068 (17% above the national median of $75,149). Home values average $172,200, which is 30% below the national median. Monthly rent at $1,105 is 5% below the US average of $1,163. Within Alabama, Good Hope's income is 52% above the state average of $57,952, and home values are 8% above the state median of $159,358.
Why Live in Good Hope, AL?
Good Hope offers a strong local economy with a median household income of $88,068, well above the national average, and affordable housing with a median home value of $172,200, below the US average of $244,900, and rent that’s lower than the national average at $1,105/month. Additionally, the city features a strong job market with an unemployment rate of just 0.3%.
Good Hope has a population of 2,542 with a median age of 32.1 years. Compare Good Hope with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Good Hope
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morris | 2,546 | $108,274 | $233,600 | Compare |
| Trinity | 2,533 | $95,625 | $233,600 | Compare |
| Butler | 2,552 | $47,880 | $142,600 | Compare |
| Henagar | 2,554 | $44,922 | $118,100 | Compare |
| Sumiton | 2,506 | $62,226 | $176,500 | Compare |
| Brookwood | 2,489 | $79,297 | $181,900 | Compare |
| Creola | 2,489 | $68,594 | $187,500 | Compare |
| Graysville | 2,600 | $61,250 | $118,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Good Hope With Other Cities
Frequently Asked Questions about Good Hope
What is the population of Good Hope, AL?
The population of Good Hope, AL is 2,542 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alabama.
What is the median household income in Good Hope?
The median household income in Good Hope, AL is $88,068 per year, which is 17% above the national median of $75,149.
What is the median home value in Good Hope?
The median home value in Good Hope, AL is $172,200, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Good Hope?
The median monthly rent in Good Hope, AL is $1,105, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Good Hope?
The unemployment rate in Good Hope, AL is 0.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Good Hope, AL a good place to live?
Good Hope offers above-average incomes, affordable housing, and a strong job market. With a population of 2,542 and a median age of 32.1, the city appeals to young professionals and families.
How educated is Good Hope, AL?
17.6% of residents in Good Hope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Good Hope?
Key cost-of-living indicators for Good Hope, AL: median home value is $172,200 (30% below national), median rent is $1,105/month, and median household income is $88,068. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Good Hope?
The poverty rate in Good Hope, AL is 15.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Good Hope, AL?
Good Hope's population is 10.3% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.3% two or more races. 4.4% of residents are foreign-born.