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$10,000 Cash

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Low Cost of Living

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Welcoming Community

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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
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Here’s how the Shoals’ cost of living compares to other major cities:

Florence compared to:

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.

$131,500

As of March 2019, the median price of home sales in the Shoals was $131,500. In contrast, the U.S. Census Bureau reported a national median home price of $302,700 in March 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.