Cost of Living in Fairhope, AL
Housing
The housing market plays a significant role in determining the cost of living in Fairhope, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
If you're considering a move to Fairhope, AL, the housing landscape is quite appealing. With a housing index of 85.0, it suggests that affordability is better than many places. The median home price stands at 295000, making homeownership accessible for many. Renters can expect to pay around 1200 for a 2-bedroom apartment or 1280 for a 2-bedroom house, which are reasonable in the current market context. Always consider local amenities and job opportunities, as these can enhance your living experience here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairhope, AL.
- Electricity Price: $15.03 USD (median by state)
- Natural Gas Price: $21.76 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Fairhope, AL could entail higher utility costs. Electricity costs sit at $15.03, while natural gas is priced at $21.76 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fairhope is a financially viable option for your relocation.