Cost of Living in Fairhope, AL
Population 24,190 · Census ACS 2020–2024 5-year estimates
The median rent in Fairhope, AL is $1,689/month, 68% higher than the Alabama median and 20% higher than the U.S. median. The median home value is $430,900, 30% higher than the national median. Households earn a median of $94,274 a year, 47% higher than the state median.
Affordability
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Fairhope vs. Alabama vs. U.S.
| Fairhope | Alabama | U.S. | |
|---|---|---|---|
| Median rent | $1,689 | $1,007 | $1,413 |
| Median home value | $430,900 | $209,900 | $332,700 |
| Median household income | $94,274 | $63,999 | $80,734 |
| Homeownership rate | 80.4% | 70.2% | 65.2% |
| Bachelor's degree or higher | 53.5% | 28.4% | 35.7% |
| Poverty rate | 8.2% | 15.6% | 12.5% |
| Unemployment rate | 3.5% | 4.7% | 5.2% |
| Work from home | 12.8% | 8.8% | 15.1% |
| Median age | 48.2 | 39.3 | 38.9 |
FAQ
What is the average rent in Fairhope, AL?
The median gross rent in Fairhope, AL is $1,689 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Fairhope, AL?
Using the common 30% rule, renting a median-priced home takes about $67,560 a year in gross income.
Is Fairhope, AL expensive to live in?
Rent there is 20% higher than the U.S. median, and the median home costs about 4.6 times the median household income.
Other cities in Alabama
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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