Cost of Living in Good Hope, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.6
100 = national avg
+15.6 vs national average
Living Wage (1 Adult)
$50,859
per year
Living Wage (Family of 4)
$120,211
per year
Cost Index by Category
Housing100.5
Food117.3
Transportation134.6
Healthcare113.9
Utilities110.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$670
per month
2 Bedroom
$879
per month
The overall cost of living index in Good Hope is 115.6, which is 15.6% above the national average. Housing costs are above the national average at an index of 100.5. A single adult needs to earn approximately $50,859 per year to cover basic expenses.