Fredonia, IA is a small town located in Iowa. It has a population of around 459 people as of 2019 and offers a tranquil atmosphere for its residents. This area is home to several businesses, such as G-Line Foods, Fredonia Lockers, and Fredonia Farms. The cost of living in Fredonia is much lower than other areas in the United States; for example, the average two bedroom rent in Fredonia is $880 whereas it's $1,430 nationwide. The grocery cost index in Fredonia is 93 compared to 100 nationwide, meaning groceries are cheaper here than in many other places.
Fredonia has an unemployment rate of 4.6%. The US average is 6.0%.
Fredonia has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Fredonia
- The Sales Tax Rate for Fredonia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fredonia 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 Fredonia
- The average income of a Fredonia resident is $19,636 a year. The US average is $28,555 a year.
- The Median household income of a Fredonia resident is $42,750 a year. The US average is $69,021 a year.