Fairhope, AL Cost Of Living
Cost Of Living In Fairhope, AL Summary
Cost of living in Fairhope research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fairhope is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fairhope is 105, with 100 being the average.
The cost of living index in Fairhope is 1.1x higher than the national average.
Fairhope ranks as the #100 cheapest in Alabama out of 115.
Fairhope ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Fairhope is $337,100.
The median income in Fairhope is $83,258.
Table Of Contents
Fairhope's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fairhope, AL?
According to the most recent data on the cost of living, Fairhope has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Alabama, Fairhope has a cost of living index that's 1.2x higher than Alabama's index of 88.
The standard of living in Fairhope ranks as #100 most affordable out of the 115 places we measured in Alabama. By definition, that implies Fairhope ranks as the #15 most expensive place in the Heart of Dixie.
For more reading on life in Fairhope, check out:
- Living In Fairhope
- Fairhope Crime Report
- Search Homes For Sale In Fairhope, AL
In Alabama
In America
Fairhope Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Fairhope. Here is how it fairs on each of the criteria:
The Services index in Fairhope is 98.
The Groceries index in Fairhope is 97.
The Health index in Fairhope is 100.
The Housing index in Fairhope is 127.
The Transportation index in Fairhope is 93.
The Utilities index in Fairhope is 98.
| Living Expense | Fairhope | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 105 | 88 | 100 | |
| Services | 98 | 95 | 100 | |
| Groceries | 97 | 97 | 100 | |
| Health | 100 | 88 | 100 | |
| Housing | 127 | 69 | 100 | |
| Transportation | 93 | 90 | 100 | |
| Utilities | 98 | 101 | 100 | |
Fairhope, AL Housing Cost Breakdown
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fairhope is $337,100.
The Median Rent in Fairhope is $1,376.
The Median Income in Fairhope is $83,258.
The Home Value To Income in Fairhope is 4.0x.
The Rent To Monthly Income in Fairhope is 0.2x.
| Statistic | Fairhope | Alabama | United States |
|---|---|---|---|
| Median Home Value | $337,100 | $157,100 | $244,900 |
| Median Rent | $1,376 | $852 | $1,163 |
| Median Income | $83,258 | $54,943 | $69,021 |
| Home Value To Income | 4.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Fairhope, AL Costs By Category
Detailed Fairhope Services Costs Vs. Alabama
Detailed Fairhope Groceries Costs Vs. Alabama
Detailed Fairhope Health Costs Vs. Alabama
Detailed Fairhope Transportation Costs Vs. Alabama
Detailed Fairhope Utilities Costs Vs. Alabama
Fairhope SnackAbility
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Cost Of Living In Cities Around Fairhope
The cost of living varies in the cities and towns around Fairhope. Here's a quick look at the cost of living in the most populous nearby places:
Pensacola, FL has a cost of living index of 94, 0.9x Fairhope.
Ferry Pass, FL has a cost of living index of 95, 0.9x Fairhope.
Daphne, AL has a cost of living index of 99, 0.9x Fairhope.
| City | Population | Cost Of Living | Vs. Fairhope |
|---|---|---|---|
| Pensacola, FL | 53,845 | 94 | 0.9x |
| Ferry Pass, FL | 30,526 | 95 | 0.9x |
| Daphne, AL | 27,088 | 99 | 0.9x |
| Pace, FL | 23,527 | 98 | 0.9x |
| Bellview, FL | 22,613 | 92 | 0.9x |
| Ensley, FL | 22,015 | 91 | 0.9x |
| Brent, FL | 21,717 | 87 | 0.8x |
| Foley, AL | 20,170 | 94 | 0.9x |
| Prichard, AL | 19,645 | 82 | 0.8x |
| Myrtle Grove, FL | 17,023 | 87 | 0.8x |
