Ferris, IL vs Good Hope, IL
There is a significant gap in the cost of living between these two cities. Good Hope is 22.8% cheaper than Ferris. With a cost index of 65 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Good Hope to Ferris should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Ferris are $80,800 compared to $95,900 in Good Hope, a 16% gap.
Median household income in Ferris is $51,250 compared to $69,063 in Good Hope (-25.8%). Good Hope offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.
Climate-wise, both cities share similar average temperatures (51.9°F vs 51.9°F). Good Hope receives more rainfall at 37.9" per year compared to 37.9" in Ferris.
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Climate
NOAA 30-year normals (1991-2020)