Good Hope, IL
Population 397 · Illinois
About Good Hope, IL
Good Hope is a small community in Illinois with a population of 397 residents. The median household income is $69,063 per year, which is near the national average. The median age in Good Hope is 35.3 years.
Housing in Good Hope has a median home value of $95,900 and median monthly rent of $788. Of the 174 total housing units, the majority are owner-occupied, with 135 owner-occupied and 28 renter-occupied units.
The unemployment rate in Good Hope is 2.1% and the poverty rate is 6.5%. 25.3% of residents hold a bachelor's degree or higher. The average commute time is 17.9 minutes.
Cost of Living in Good Hope, IL
Compared to national averages, Good Hope has a median household income of $69,063 (8% below the national median of $75,149). Home values average $95,900, which is 61% below the national median. Monthly rent at $788 is 32% below the US average of $1,163. Within Illinois, Good Hope's income is 8% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Good Hope, IL?
Good Hope offers affordable housing with a median home value of $95,900, below the US average of $244,900, and rent that’s lower than the national average at $788/month, and a strong job market with an unemployment rate of just 2.1%. Additionally, the city features a low poverty rate of 6.5%, better than the national average, and short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($69,063) that falls below the national average. However, Good Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Good Hope has a population of 397 with a median age of 35.3 years. Compare Good Hope with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Good Hope
What is the population of Good Hope, IL?
The population of Good Hope, IL is 397 according to the latest Census data.
What is the median household income in Good Hope?
The median household income in Good Hope, IL is $69,063 per year.
What is the median home value in Good Hope?
The median home value in Good Hope, IL is $95,900.
What is the average rent in Good Hope?
The median monthly rent in Good Hope, IL is $788.
What is the unemployment rate in Good Hope?
The unemployment rate in Good Hope, IL is 2.1%.