Fredonia, MI is a small town located in the western part of Michigan. It has a population of around 2000 people and is known for its quiet, rural atmosphere. The cost of living in Fredonia is relatively low; the average rent for a two-bedroom apartment is $930, while the national average is $1,430. Similarly, the Grocery Cost Index in Fredonia is 94 compared to 100 nationally. This makes it an attractive option for those on a budget.
Despite its small size, there are plenty of things to do and see in Fredonia. There are several local eateries and businesses such as Cheese Louise Pizza & Subs and Palmer Motorsports which offer visitors unique experiences. Additionally, there are many outdoor activities like hiking or camping at nearby parks such as Porcupine Mountains State Park. Overall, Fredonia offers something for everyone who visits!
Fredonia has an unemployment rate of 6.4%. The US average is 6.0%.
Fredonia has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Fredonia
- The Sales Tax Rate for Fredonia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fredonia is 4.3%. 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 $25,650 a year. The US average is $28,555 a year.
- The Median household income of a Fredonia resident is $70,625 a year. The US average is $69,021 a year.