What Is The Cost Of Living In Foley Alabama?
Definition of "What is the cost of living in Foley Alabama?"
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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...
Percentage of royalties derived from an oil and gas lease payable to someone other than the property lessor. It is a net royalty interest in the oil and gas recovered at the surface free of ...
The definition of acoustical materials is a wide range of materials that are used in construction or technology to provide soundproofing. There are different types of acoustic materials ...
An accessory building is an outdoor structure used by the occupants of the main building or house. They have different functions and can be detached or attached to the main building on the ...
The maximum pre-approved amount that an individual or business can borrow without preparing a new credit request. It is a safety buffer in the event funds are needed for unexpected ...
Fan with an opening to the outside air that lets stale or hot air exit the structure; usually used in a kitchen when cooking or in a bathroom that does not have a window. It is used for ...
Supplementary narrow pathway, such as to a building. ...
Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. A limited partner is prohibited from taking active part in the management ...
Joint tenancy in which the death of a joint tenant ( one owner ) means the surviving tenant becomes the sole owner of the real property. ...
Have a question or comment?
We're here to help.