Zip 43420 (Fremont, OH) Economy


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Fremont, OH is a great place to live. With a population of 16,091, it is the perfect size for those looking to settle in an affordable area. The average cost of 2 bedroom rent in Fremont is $800, which is considerably lower than the national average of $1,430. Additionally, the grocery cost index in Fremont is 91 compared to 100 nationally. As far as local businesses go, Fremont has plenty to offer from Terra State Community College and Whirlpool Corporation to Gerber Collision & Glass and Schott Solar Incorporated. This small city provides much opportunity for those interested in both educational and employment opportunities alike.

Fremont (zip 43420) has an unemployment rate of 4.7%. The US average is 6.0%.

Fremont (zip 43420) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Fremont (zip 43420)
- The Sales Tax Rate for Fremont (zip 43420) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Fremont (zip 43420) is 6.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fremont (zip 43420)
- The average income of a Fremont (zip 43420) resident is $22,439 a year. The US average is $28,555 a year.
- The Median household income of a Fremont (zip 43420) resident is $53,191 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFremont, OhioUnited States
  4.76
  -5.7%-6.2%
  22.0%33.5%
  7.3%6.2%
  6.2%4.6%
  $27,684$37,638
  $53,191$69,021
  $69,038$85,028
  Population by Occupation
  1.2%1.2%
  0.1%0.5%
  6.2%6.8%
  27.8%10.0%
  1.9%2.5%
  10.5%11.0%
  4.6%4.8%
  2.0%0.8%
  0.5%1.9%
  2.4%4.7%
  0.7%1.9%
  2.3%7.6%
  0.2%0.1%
  2.4%4.2%
  7.6%9.3%
  13.5%14.0%
  1.2%2.1%
  7.7%7.0%
  4.2%4.8%
  2.9%4.7%
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