Cost of Living in Good Hope, CA
Population 8,315 · California · Data vintage 2023
(100 = US avg)
Good Hope sits on the smaller end of the California city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. At 10.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Good Hope sits roughly 8 miles northwest of Menifee. Median home values run roughly 34% lower than Menifee's $487,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Good Hope
The median home value in Good Hope is $319,600 — 5% above the national median of $305,000. Median rent runs $1,451/month, 10% higher than the national median of $1,314/month. The median household income of $56,328/year is 24% lower than the US median of $74,580. The local unemployment rate is 10.6%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Good Hope has a cost of living index of 107 versus the US average of 100, meaning it is 7% more expensive.
Good Hope has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Good Hope, CA?
Good Hope has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Good Hope, CA?
The median gross rent in Good Hope is $1,451 per month based on 2023 Census data.
What is the average home price in Good Hope?
The median home value in Good Hope is $319,600 according to 2023 Census ACS data.
What is the median income in Good Hope?
The median household income in Good Hope is $56,328 per year (2023 ACS 5-year estimates).
What is the sales tax in Good Hope, CA?
The combined state and local sales tax rate in Good Hope is 8.7%. The California state income tax top rate is 13.3%.
Is Good Hope, CA affordable?
Good Hope is near the national average in terms of cost of living, with an index of 107 (100 = US average).
Good Hope at a Glance
- Population
- 8,315
- Median Income
- $56,328
- Home Value
- $319,600
- Median Rent
- $1,451/mo
- Unemployment
- 10.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
California Rankings
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