Fairhope, AL is #10.0 on the list Top 100 Best Cities for Outdoor Living in 2023, #50.0 on the list Top 100 Best Places to Raise a Family in the South in 2021
Cost of living in Fairhope, Alabama
Cost of living compared to USAlow
Cost of living compared to Alabamamoderate
Median household incomehigh
Is it expensive to live in Fairhope, Alabama? When calculating the cost of living in Fairhope, Alabama we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Fairhope, Alabama is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama, while median household income in Fairhope is $75,040 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama.
Taxes in Fairhope, Alabama
The sales tax rate in Fairhope, Alabama is 8.8%. Last year, the average property taxes paid was 0.3% Fairhope, Alabama.
Here is the table with the State Income Taxes in the state of Alabama:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Alabama Income Tax Rate |
|---|---|---|
| $0 | $500 | 2.0% |
| $500 | $3,000 | 4.0% |
| $3,000 | $9,999,999 | 5.0% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Alabama Income Tax Rate |
|---|---|---|
| $0 | $1,000 | 2.0% |
| $1,000 | $6,000 | 4.0% |
| $6,000 | $9,999,999 | 5.0% |
Housing costs in Fairhope, Alabama
The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Alabamathe highest
In Fairhope, Alabama, 81.0% of the population owns their homes, while approximately 19.0% rent. The average cost of a single-family home in Fairhope, Alabama in 2022 is $334,235 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama. The average one-bedroom apartment cost is approximately $1,060 per month.
| Rental Size | Monthly Cost | Compared to Alabama |
|---|---|---|
| 1 Bedroom | $1,060 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,380 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,755 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $2,255 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Fairhope, Alabama in reviews from users in their own words:
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