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The total population of Fairhope is estimated to be 22,605 with 10,847 males (47.98%) and 11,758 females (52.02%). There are 911 more females than males in Fairhope.
The median household income in Fairhope was $89,995 in 2021, which marked an a decrease of 776(0.85%) from $90,771 in 2020. This income is 120.63% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Fairhope sees its highest median household income among householders in the age group of 25 to 44 years old, at $116,411. Overall, the median household income for the city of Fairhope stands at $89,995.
In Fairhope, the median income for all workers aged 15 years and older, regardless of work hours, was $52,333 for males and $32,798 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $85,322 for males and $58,833 for females.
In Fairhope, population is primarily represented by White households, reporting a median income of $92,967.
In 2022, the population of Fairhope was 23,859, a 2.47% increase year-by-year from 2021. Previously, in 2021, Fairhope's population was 23,285, an increase of 2.61% compared to a population of 22,692 in 2020.
The median age in Fairhope, AL is 43.1, as per 2021 ACS 5-Year Estimates. Of the total population, 20.71% were under the age of 15, 13.00% aged 15 to 29, 43.34% aged 30 to 64, 19.86% aged 65 to 84, and 3.09% were 85 years of age and older.
Racial distribution of Fairhope population: 89.68% are White, 5.10% are Black or African American, 0.55% are American Indian and Alaska Native, 1.58% are Asian, 2.06% are some other race and 1.04% are multiracial.