Town22,477 people

Fairhope, AL

Discover how far your salary goes in Fairhope. Compare taxes, rent, and living costs.

Cost Index
85
Below Average
Population

22,477

State Tax

5.0%

1BR Rent

$998

/month

vs National

-29%

below avg

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Rent Prices in Fairhope

🏠

Studio

$798

/month

$9,576/year

Most Common
🛏️

1 Bedroom

$998

/month

$11,976/year

🏡

2 Bedroom

$1,347

/month

$16,164/year

🏘️

3 Bedroom

$1,746

/month

$20,952/year

Taxes in Alabama

State Income Tax

Alabama

5.0%

For a $100k salary, that's ~$5,000/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Fairhope, AL?

Fairhope has a cost of living index of 85, which is 15% below the national average. A 1-bedroom apartment costs around $998/month.

What is the state income tax in Alabama?

Alabama has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Fairhope?

The median rent for a 1-bedroom apartment in Fairhope is $998/month. For a 2-bedroom, expect to pay around $1,347/month. This is 29% below the national average.

Is Fairhope a good place to live?

Fairhope is a town with a population of 22,477. The cost of living is below average, making it more affordable than average for the US.

See the complete picture for Fairhope

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