Daphne-Fairhope-Foley Metro Area, AL Economy


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United States / Alabama / Daphne-Fairhope-Foley Metro Area / Counties / Cities / Zip Codes
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 decrease by -3.6% 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 $35,384 a year. The US average is $37,638 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.

Income by Population Percent

  EconomyDaphne-Fairhope-Foley, AlabamaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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