Fairhope, AL is a picturesque town located in Baldwin County on the Gulf Coast. It offers a charming downtown area with numerous small businesses, restaurants, boutiques, and galleries. The city has a significantly lower cost of living than other U.S cities, with two-bedroom apartments costing around $1,430 per month. This is slightly more affordable than the average two-bedroom rent across the United States which is also $1,430 per month. Grocery costs in Fairhope are also relatively inexpensive with an index of 101 compared to 100 in the U.S. Companies such as Eastern Shore Orthopedics & Sports Medicine - Fairhope Campus and Quail Creek Golf Club add to Fairhope’s appeal for individuals looking to relocate here. In addition to this, Fairhope has plenty of outdoor activities available due to its location near Mobile Bay and Weeks Bay Reserve that make it an ideal place to live for nature lovers or those who enjoy spending time outdoors.
Fairhope has an unemployment rate of 2.9%. The US average is 6.0%.
Fairhope has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Fairhope
- The Sales Tax Rate for Fairhope is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fairhope is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairhope
- The average income of a Fairhope resident is $34,760 a year. The US average is $28,555 a year.
- The Median household income of a Fairhope resident is $83,258 a year. The US average is $69,021 a year.