Fredericksburg, IA is a small town in the heart of Iowa. Home to just under 2,000 people, Fredericksburg is a great place to settle down with its low cost of living. The average rent for a 2 bedroom home in Fredericksburg is only $770 compared to the national average of $1,430. Additionally, grocery costs are 7% lower than the US index of 100. Local companies in Fredericksburg include Evergreen Farms and Country Grocer, while local amenities in the area include the historic museum and Lake Meyer Recreational Area.
Fredericksburg has an unemployment rate of 4.1%. The US average is 6.0%.
Fredericksburg has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Fredericksburg
- The Sales Tax Rate for Fredericksburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fredericksburg
- The average income of a Fredericksburg resident is $21,095 a year. The US average is $28,555 a year.
- The Median household income of a Fredericksburg resident is $56,948 a year. The US average is $69,021 a year.