Economy in Daphne-Fairhope-Foley Metro Area, Alabama

The Daphne-Fairhope-Foley, AL Metro Area is an attractive place for residents with its low rent and competitive cost of living. The average 2 bedroom rent in the Metro area is $1,210 compared to the US average of $1,430. The Grocery Cost Index in the Metro Area is also lower than the US value at 97 versus 100. This makes it a great choice for those looking to save money while still enjoying a high quality of life. Popular companies located in this metropolitan area include Riviera Utilities, BancorpSouth Bank, First Light Home Care, ADT Security Services and Windham Group.

Daphne-Fairhope-Foley Metro Area has an unemployment rate of 2.9%. The US average is 6.0%.

Daphne-Fairhope-Foley Metro Area 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 Daphne-Fairhope-Foley Metro Area
- The Sales Tax Rate for Daphne-Fairhope-Foley Metro Area is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Daphne-Fairhope-Foley Metro Area 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 Daphne-Fairhope-Foley Metro Area
- The average income of a Daphne-Fairhope-Foley Metro Area resident is $26,851 a year. The US average is $28,555 a year.
- The Median household income of a Daphne-Fairhope-Foley Metro Area resident is $64,346 a year. The US average is $69,021 a year.