Living in Fairhope, Alabama
Cost of living, income, home prices, rent and demographics of Fairhope · Census data 2020–2024
Fairhope has 24,190 residents with a median age of 48.2. The median household income is $94,274 (47% higher than the Alabama median), the median home value is $430,900, the median rent is $1,689/month.
Fairhope at a glance
- Population
- 24,190
- Median age
- 48.2State: 39.3
- Median household income
- $94,274State: $63,999
- Median home value
- $430,900State: $209,900
- Median rent
- $1,689/moState: $1,007
- Homeowners
- 80.4%
- Bachelor's degree or higher
- 53.5%
- Average commute
- 26 min
Is Fairhope a good place to live?
Pros: Median household income 47% higher than the Alabama median; unemployment of 3.5%; a poverty rate of 8.2%.
Cons: Home values 105% higher than the state median; an average commute of 26 minutes.
The weather is best in March to May and October.
Cost of living in Fairhope
Housing is the biggest part of the cost of living. In Fairhope the median home value is $430,900, 30% higher than the U.S. median. Renters pay a median of $1,689 per month, which is 32.3% of household income. Homeowners with a mortgage pay $1,923 a month in housing costs.
Fairhope median household income
The median household income in Fairhope is $94,274 and the income per person is $53,666. 8.2% of residents live below the poverty line (Alabama: 15.6%).
Housing in Fairhope: homes for sale and rent
- Housing units
- 10,730
- Owner-occupied
- 80.4%
- Renter-occupied
- 19.6%
- Vacant
- 9.5%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.47
Fairhope demographics
- Population
- 24,190
- Median age
- 48.2
- Under 18
- 21.3%
- 65 and older
- 26%
- Households
- 9,706
- Foreign-born
- 3.2%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairhope ›
Education in Fairhope
53.5% of adults 25 and older in Fairhope have a bachelor's degree or higher (Alabama: 28.4%), and 23.1% have a graduate or professional degree.
Jobs and commute in Fairhope
- Unemployment rate
- 3.5%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 12.8%
- Drive alone
- 82.6%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 90.1%
Fairhope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairhope | 24,190 | $94,274 | $430,900 | $1,689 |
| Point Clear | 1,511 | $46,097 | $867,500 | — |
| Daphne | 29,453 | $87,250 | $323,400 | $1,388 |
| Silverhill | 863 | $57,500 | $265,600 | $1,297 |
| Magnolia Springs | 1,130 | $86,818 | $442,400 | $1,146 |
| Robertsdale | 7,194 | $59,152 | $229,300 | $996 |
| Summerdale | 1,593 | $70,110 | $274,800 | $1,000 |
| Belle Fontaine | 772 | $107,857 | $227,800 | — |
| Loxley | 4,357 | $108,488 | $398,500 | — |
More for people moving to Fairhope
Fairhope ZIP code ›Weather and climate ›Living in Fairhope: FAQ
What is the median household income in Fairhope, AL?
The median household income in Fairhope is $94,274, 47% higher than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fairhope?
The median home value in Fairhope is $430,900, compared with $209,900 in Alabama.
How much is rent in Fairhope?
The median gross rent in Fairhope is $1,689 per month, about 32.3% of household income.
Is Fairhope, AL a good place to live?
Pluses: median household income 47% higher than the Alabama median; unemployment of 3.5%; a poverty rate of 8.2%. Minuses: home values 105% higher than the state median; an average commute of 26 minutes.
What is the median age in Fairhope?
The median age in Fairhope is 48.2 years (Alabama: 39.3).
How long is the commute in Fairhope?
The average commute to work in Fairhope is 26 minutes; 12.8% of workers work from home.
What is the unemployment rate in Fairhope?
The unemployment rate in Fairhope is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairhope?
53.5% of adults in Fairhope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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