Foley, along with Daphne and Fairhope, was named as number 5 in a list of 50 most affordable cities where everyone wants to live in an article published in USA Today in October. The list was based on data from the U.S. Census Bureau and the Bureau of Economic Analysis. Together, the three cities create a metropolitan area.
24/7 Wall St. identified the 50 most affordable metropolitan areas Americans are moving to. In each of the metro areas on this list, the overall cost of living is lower than the national average, and typical housing costs are more in line with area incomes than average across all cities. Additionally, between 2010 and 2018, far more people have moved to these cities than have moved away.
5. Daphne-Fairhope-Foley, AL
• Total population: 218,022
• Pop. growth due to net migration, 2010–2018: +18.5% (+33,655)
• Cost of living: 9.2% less than national average
• Median home value: $193,800
• Median household income: $56,813