$10,000 Cash
Low Cost of Living
Welcoming Community
Creative Culture
- Minimum Annual Income of $52,000
- Able to Move to the Shoals Within 6 Months
- Full-Time Remote Employment or Self-Employed Outside Colbert and Lauderdale Counties
- 18+ and Eligible to Work in the United States
Here’s how the Shoals’ cost of living compares to other major cities:
13% Lower Cost of Living
22% below the National Average
$434 Monthly Rent Savings
595/month Florence vs. $1,029/month Nashville-Franklin
59% Lower Real Estate Price
$131,500 Florence vs. $318,571 Nashville-Franklin
16% Lower Cost of Living
22% below the National Average
$739 Monthly Rent Savings
$595/month Florence vs. $1,334/month Atlanta
74% Lower Real Estate Price
$131,500 Florence vs. $348,121 Atlanta
30% Lower Cost of Living
22% below the National Average
$1,456 Monthly Rent Savings
$595/month Florence vs. $2,051/month Chicago
62% Lower Real Estate Price
$131,500 Florence vs. $500,332 Chicago
65% Lower Cost of Living
22% below the National Average
$4,293 Monthly Rent Savings
$595/month Florence vs. $4,888/month Manhattan
93% Lower Real Estate Price
$131,500 Florence vs. $1,901,222 Manhattan
56% Lower Cost of Living
22% below the National Average
$3,226 Monthly Rent Savings
$595/month Florence vs. $3,821/month San Francisco
89% Lower Real Estate Price
$131,500 Florence vs. $1,243,239 San Francisco
Delicious Dining
Experience fine dining at Odette, The Factory at Alabama Chanin, or 360 Grille. Grab a coffee with friends at Rivertown or Turbo. If you’re feeling adventurous, have dinner in a cave at the iconic Rattlesnake Saloon.
$131,267
As of Q3 2019, the median price of home sales in the Shoals was $131,267. In contrast, the U.S. Census Bureau reported a national median home price of $310,900 in Q3 2019.
Outdoors & Recreation
Go hiking at Cane Creek Canyon Nature Preserve or Shoal Creek Preserve. Take your pick of water sports, fishing, and kayaking on our beautiful lakes, or hit the 36-hole Robert Trent Jones Golf Trail.
2%-5%
The Alabama State Income Tax ranges from 2% to 5%, based on income. There are zero local income taxes.
40,059
The population of Florence, the largest city in the Shoals, is 40,059.
Health & Fitness
Get centered at Shoals Yoga, push your limits at Grit Fitness, or hit the barre at Allegro Dance and Fitness. Stop by FLO Nutrition afterward for a post-workout pick-me-up when you’re done!
$100
If you run an LLC or S Corp as a self-employed remote worker, the minimum Alabama Business Privilege Tax is a cool $100 annually. The tax is based on your net worth and runs from $0.25 to $1.75 for every $1,000.
Music & Live Events
Celebrate the Shoals’ rich musical history by touring the iconic recording studios where Aretha Franklin, Percy Sledge, The Rolling Stones, Bob Dylan, and many more cut hit records. Plus, enjoy festivals like the W.C. Handy Music Festival, Billy Reid Shindig, Smoke on the Water, ShoalsFest, and more.