Baldwin County · Alabama · South · 24k residents
Fairhope, AL: economy, jobs & business costs
The site-selection read on Fairhope: labor costs, talent, corporate tax, energy, and business activity, with the Alabama median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,027/wk. Alabama's corporate income tax rate is 6.5%. Commercial electricity averages 13.6¢/kWh.
Compare Fairhope side by side
Avg. weekly wage
$1,027/wk
Corporate income tax
6.5%
Bachelor's degree or higher
53.5%
Commercial electricity
13.6¢/kWh
Economic momentum
How fast Fairhope's economy is moving, ranked against the US cities we track.
88/100
Heating
Ranks Fairhope's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $430,900 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.4% |
| 1-bedroom rent | $877/mo |
| 2-bedroom rent | $1,413/mo |
| State & local income tax | 4.41% |
| Sales tax | 9.3% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,027/wk |
| Bachelor's degree or higher | 53.5% |
| Commercial electricity | 13.6¢/kWh |
| Businesses per 1k residents | 36.0/1k |
| Wage: Software developer | $121,320 |
| Wage: Registered nurse | $79,450 |
| Wage: General manager | $100,260 |
| Wage: Customer service | $37,820 |
| Wage: Warehouse worker | $34,770 |
| Wage: Heavy truck driver | $47,560 |
| Wage: Electrician | $50,840 |
| Wage: Retail salesperson | $29,600 |
| Cost of living index | 98 |
| Groceries index | 97 |
| Utilities | $190/mo |
| Transit pass | $45/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $750/mo |
| Median household income | $94,274 |
| Unemployment rate | 2.9% |
| Population | 24k |
| Crime index | 55/100 |
| School rating | 4.3/10 |
| Walkability | 30/100 |
| Disaster risk | 97/100 |
| Avg. commute | 25 min |
| Sunny days / year | 215 days |
| July high | 91°F |
| January low | 37°F |
| Annual snowfall | 0 in |
| Home price YoY | +0.5% |
| Home price MoM | +0.1% |
| Rent YoY | +4.6% |
| Rent MoM | +1.4% |
| Employment (jobs) YoY | +3.3% |
| Building permits YoY | +37.0% |
| Ocean coast | 21 mi |
| Big lake | 134 mi |
| Mountains | 240 mi |
| Major airport | 146 mi |
| Ski resort | 439 mi |
Popular comparisons
Nearby
- Daphne, AL · 29k
- Foley, AL · 24k
- Mobile, AL · 203k
- Gulf Shores, AL · 16k
- Tillmans Corner, AL · 18k
Similar size
- Pelham, AL · 25k
- Bessemer, AL · 25k
- Albertville, AL · 23k
- Oxford, AL · 22k
- Mountain Brook, AL · 22k
Real listings in Fairhope
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Fairhope a good place to run a business?
- Alabama's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,027/wk; commercial electricity averages 13.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Fairhope, AL?
- Fairhope indexes at 98 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,413/mo and a acs median home value of $430,900.
- How much does a house cost in Fairhope?
- The acs median home value in Fairhope is $430,900 (Census ACS estimate; individual listings vary).
- How much is rent in Fairhope?
- A two-bedroom in Fairhope rents for about $1,413/mo.