What Is The Cost Of Living In Foley Alabama?

Definition of "What is the cost of living in Foley Alabama?"

Brenda McDonald real estate agent

Written by

Brenda McDonaldelite badge icon

Goode Realty

The city of Foley, AL is a town in south Alabama, the last stop before the shore of the Gulf of Mexico and a destination for students during spring break as well as families and retirees. It attracts many people in search of a simpler life, away from the mayhem of the big metropolis. The city of Foley has a wide variety of attractions without being crowded and is 15-20 minutes away from the shore.

If you’re planning on moving there, one thing that can give you an idea of what life is like there is the cost of living. You should be taking a look at income and the bigger factors in regard to expenses. Here we have housing prices, goods and services, utilities and others. 

Considering that in the city of Foley, AL the median household income is $46,000 and the median house price of $180,000, it should give you a good idea of its affordability. The cost of living in Foley, AL is 6% higher than the Alabama average, however, it is 5% lower than the national average. It really depends on where you’re coming from, what your budget is and what exactly you want for your dream home or vacation home.

When compared to other cities nearby that attract residents because of their proximity to the shore and way of life, Foley, AL is cheaper. When it comes to expenses and living costs, Daphne, AL, for example, is more expensive. The biggest difference is in regard to housing which increases the cost of living in Daphne. It is more or less the same when you compare Foley to Fairhope. 

Having a lower price per square foot, even if it’s close to the beach, is what drives so many people to choose Foley, AL. The housing market in Foley, AL is a magnet because of the closeness to the shore and the lower prices. The location is perfect because, while you are near the beach, you’re at a safe distance away from the crowds that can flood the shore in full season.

With predictions of a booming economy in the next few years, Foley, AL will only further develop. A city close to the shore and everything the Gulf of Mexico can offer but that is still a small and simple town, invites people to relocate here if they want to enjoy the simple joys of life. 

So go ahead, get in touch with real estate agents in Foley AL and start looking for your next big step.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Some real estate sales require court confirmation of purchase to protect heirs and debtors from financial wrongs. These sellers have to sell their property due to unique circumstances. They ...

As you’d expect, the rod has various meanings in everyday discourse. However, lesser-known is that surveyors use a rod as a land survey measurement for real estate. In a nutshell, a ...

The loss of an access right to a parcel of property through another property owner's property. This could materially affect the value of the property denied access. ...

As a collective noun, land cost means the total cost of purchasing a parcel of land or lot with specific land use and ownership. The land cost includes the purchase price, closing costs, ...

A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage insurance. In the event of the death ...

The direction in which a community is growing. Directional growth is measured over time, and its path strongly influences current and future market values of those properties clearly in ...

Marketing attractive space at the appropriate location at a good time in the correct square footage at a reasonable price or rental charge. An example is the renting out of space for retail ...

Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...

Directing the bank not to pay a check when presented at the bank. There is a service charge for this. If a contractor loses the check given to him, he may ask that the payor stop payment ...