Good Hope cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGood HopeCaliforniaNational
Cost of living index103135100
IndexGood HopeCaliforniaNational
Goods & Services index113107100
Groceries index111117100
Health care index114109100
Housing index94189100
Transportation index118125100
Utilities index68116100
Displayed above is a general overview of the Good Hope, CA cost of living index. The overall cost of living index in Good Hope, CA is 103, which is 24% lower than the California average and 3% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Good Hope, CA are 6% higher than the California average and 13% higher than the national average.

Did you know?

  • The cost of living in Good Hope is 24% lower than the California average.
  • The cost of living in Good Hope is 3% higher than the national average.
  • The cost of housing in Good Hope is 6% lower than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Compare Good Hope, CA Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Good Hope, CA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Good Hope, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Good Hope, CA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,232$3,853$1,079$1,387
Renters$24,531$2,044$572$736
One can approximate the cost of living and the housing affordability in Good Hope, CA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Good Hope, CA have a median income of $46,232. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,079 per month to avoid calamity and poverty. The renters in the city have an income of about $24,531, which would make their monthly maximum allowable rental costs $572.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Good Hope, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.5% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemGood HopeNational avg.Difference
Haircut $15.66$14.597.3%
Beauty Salon $27.50$34.6820.7%
Toothpaste $3.11$2.4725.7%
Shampoo $1.05$1.022.7%
Movie $11.50$9.8716.5%
Bowling $4.15$4.395.5%

Groceries

ItemGood HopeNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.69$1.4615.4%
Milk $1.92$2.3618.5%
Potatoes $1.91$3.0637.6%
Pizza $10.00$9.248.2%
Beer $9.05$8.634.8%

Health Care

ItemGood HopeNational avg.Difference
Optometrist $159.00$99.7859.4%
Doctor $121.00$105.0315.2%
Dentist $107.00$88.7020.6%
Ibuprofen $9.76$9.413.7%
Lipitor $281.22$298.505.8%

Housing

ItemGood HopeNational avg.Difference
Home Price $155,300.00$175,700.0011.6%
Avg. Mortgage Payment $1,507.36$1,081.0339.4%
Apartment Rent $982.00$920.006.7%

Transportation

ItemGood HopeNational avg.Difference
Gasoline $2.42$2.0915.7%
Tire Balancing $56.49$45.2924.7%

Utilities

ItemGood HopeNational avg.Difference
All Electricity$117.36$170.8031.3%
Phone $18.89$28.2633.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Homeland, CA5,92196-4%
Green Acres, CA2,3301011%
Meadowbrook, CA3,4471055%
Winchester, CA2,7171044%
Calimesa, CA8,1431066%
Good Hope, CA8,9111033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wakefield-Peacedale, RI8,91112828%
Mecca, CA8,91297-3%
Middletown, PA8,90993-7%
Glenshaw, PA8,90897-3%
Versailles, KY8,90889-11%
Good Hope, CA8,9111033%
Source: The Good Hope, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.