Fredonia (Biscoe), AR is a small city in Arkansas. It is home to multiple local companies such as the Fredonia Hardware Company, the Fredonia Historical Society, and the Fredonia Country Club. These businesses help to offer employment opportunities for residents of the city. The median wage of workers in these companies varies based on role and experience, with entry-level positions typically providing around $15 per hour and more experienced staff earning up to $20 per hour. In addition to the local businesses, many residents of Fredonia (Biscoe) take advantage of the lower 2 bedroom rent costs in comparison to other US cities - currently at $660 compared to the US average of $1,430 - as well as cheaper grocery prices due to a Grocery Cost Index that is 89 out of 100 compared to the US average.
Fredonia (Biscoe) has an unemployment rate of 4.7%. The US average is 6.0%.
Fredonia (Biscoe) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Fredonia (Biscoe)
- The Sales Tax Rate for Fredonia (Biscoe) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fredonia (Biscoe) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredonia (Biscoe)
- The average income of a Fredonia (Biscoe) resident is $14,007 a year. The US average is $28,555 a year.
- The Median household income of a Fredonia (Biscoe) resident is $40,000 a year. The US average is $69,021 a year.