Good Hope, CA Cost Of Living
Cost Of Living In Good Hope, CA Summary
Cost of living in Good Hope research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Good Hope is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Good Hope is 112, with 100 being the average.
The cost of living index in Good Hope is 1.1x higher than the national average.
Good Hope ranks as the #63 cheapest in California out of 634.
Good Hope ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Good Hope is $350,800.
The median income in Good Hope is $56,328.
Table Of Contents
Good Hope's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Good Hope, CA?
According to the most recent data on the cost of living, Good Hope has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to California, Good Hope has a cost of living index that's 0.8x lower than California's index of 141.
The standard of living in Good Hope ranks as #63 most affordable out of the 634 places we measured in California. By definition, that implies Good Hope ranks as the #571 most expensive place in the Golden State.
For more reading on life in Good Hope, check out:
In California
In America
Good Hope Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Good Hope. Here is how it fairs on each of the criteria:
The Services index in Good Hope is 113.
The Groceries index in Good Hope is 111.
The Health index in Good Hope is 99.
The Housing index in Good Hope is 122.
The Transportation index in Good Hope is 126.
The Utilities index in Good Hope is 96.
| Living Expense | Good Hope | California | National Average | |
|---|---|---|---|---|
| Overall | 112 | 141 | 100 | |
| Services | 113 | 110 | 100 | |
| Groceries | 111 | 112 | 100 | |
| Health | 99 | 110 | 100 | |
| Housing | 122 | 195 | 100 | |
| Transportation | 126 | 125 | 100 | |
| Utilities | 96 | 128 | 100 | |
Good Hope, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Good Hope is $350,800.
The Median Rent in Good Hope is $1,451.
The Median Income in Good Hope is $56,328.
The Home Value To Income in Good Hope is 6.2x.
The Rent To Monthly Income in Good Hope is 0.31x.
| Statistic | Good Hope | California | United States |
|---|---|---|---|
| Median Home Value | $350,800 | $763,287 | $303,400 |
| Median Rent | $1,451 | $1,956 | $1,348 |
| Median Income | $56,328 | $96,334 | $78,538 |
| Home Value To Income | 6.2x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.31x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Good Hope, CA Costs By Category
Detailed Good Hope Services Costs Vs. California
| Item | Good Hope | California |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $11.04 | $12.13 |
| Bowling | $21.11 | $18 |
| Haircut | $27.27 | $24.26 |
| Beauty Salon | $41.78 | $45.56 |
Detailed Good Hope Groceries Costs Vs. California
| Item | Good Hope | California |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $3.49 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.92 | $4.93 |
| Pizza | $15.31 | $12.09 |
| Beer | $10.26 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Good Hope Health Costs Vs. California
| Item | Good Hope | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Good Hope Transportation Costs Vs. California
| Item | Good Hope | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Good Hope Utilities Costs Vs. California
| Item | Good Hope | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Good Hope SnackAbility
/10
Cost Of Living In Cities Around Good Hope
The cost of living varies in the cities and towns around Good Hope. Here's a quick look at the cost of living in the most populous nearby places:
Corona, CA has a cost of living index of 150, 1.3x Good Hope.
Murrieta, CA has a cost of living index of 144, 1.3x Good Hope.
Menifee, CA has a cost of living index of 135, 1.2x Good Hope.
| City | Population | Cost Of Living | Vs. Good Hope |
|---|---|---|---|
| Corona, CA | 158,839 | 150 | 1.3x |
| Murrieta, CA | 111,621 | 144 | 1.3x |
| Menifee, CA | 107,020 | 135 | 1.2x |
| Perris, CA | 79,349 | 127 | 1.1x |
| Lake Elsinore, CA | 71,516 | 133 | 1.2x |
| French Valley, CA | 42,550 | 150 | 1.3x |
| Temescal Valley, CA | 28,560 | 153 | 1.4x |
| El Cerrito, CA | 25,781 | 199 | 1.8x |
| Norco, CA | 25,211 | 156 | 1.4x |
| Loma Linda, CA | 25,021 | 136 | 1.2x |
